PEREGRINE HOLDINGS LIMITED - Dealing in securities by an associate of a director of the company

Dealing in securities by an associate of a director of the company

PEREGRINE HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1994/006026/06)
JSE share code: PGR ISIN: ZAE000078127
(“Peregrine” or “the company”)


DEALING IN SECURITIES BY AN ASSOCIATE OF A DIRECTOR OF THE COMPANY


Shareholders are referred to the announcement released on SENS on 26 March 2014 wherein shareholders were
advised that PGR 2 Investments (Pty) Ltd (“PGR 2”), an associate of Sean Melnick (by virtue of his indirect
holding of 100% of PGR 2), a director of the company, had entered into a zero-cost collar hedge (the “collar”),
in respect of in aggregate 2 400 000 Peregrine shares, which collar would settle in 12 equal tranches of 200 000
Peregrine shares each weekly from 15 February 2016 to 2 May 2016 (each referred to as a “settlement date”),
each option in respect thereof having a put strike price of R15.75 and a call strike price of R26.00. As the share
price of Peregrine shares at the settlement date of 22 February 2016 was higher than the call strike price of
R26.00, the collar in respect of that settlement date was automatically settled off-market by the retention of in
aggregate 200 000 Peregrine shares by the relevant counterparty under the collar (which held them pursuant to
a pledge and securities loan arrangement) and payment to PGR 2 in cash of the call strike price, being in
aggregate R5 200 000.

24 February 2016

Joint sponsor
Java Capital

Joint sponsor
Deloitte & Touche Sponsor Services (Proprietary) Limited

Date: 24/02/2016 04:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.