Grant and acceptance of options to directors and officers MONTAUK HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number 2010/017811/06) (Share code: MNKI & ISIN: ZAE000197455) ("MNK" or "the company") GRANT AND ACCEPTANCE OF OPTIONS TO DIRECTORS AND OFFICERS In compliance with Rules 3.63 - 3.74 of the JSE Limited Listing Requirements the following information regarding the award and acceptance of ordinary shares in terms of the Montauk Holdings Limited Restricted Stock Plan for U.S. Affiliates is disclosed: Director : SF McClain Designation : Chief Financial Officer Nature of transaction : Grant and acceptance of award Off Market Nature of Interest : Direct, Beneficial Class of Shares : Ordinary shares Date of grant of award : 31 March 2016 Date of acceptance : 31 March 2016 Number of shares : 646 400 Issue price : RNil Value of transaction : RNil Expiry date of restrictions : 31 March 2018 in respect of 20% of the shares 31 March 2019 in respect of 20% of the shares 31 March 2020 in respect of 60% of the shares Public Officer : ML Ryan Designation : Vice President and Company Secretary of major subsidiary Nature of transaction : Grant and acceptance of award Off Market Nature of Interest : Direct, Beneficial Class of Shares : Ordinary shares Date of grant of award : 31 March 2016 Date of acceptance : 31 March 2016 Number of shares : 646 400 Issue price : RNil Value of transaction : RNil Expiry date of restrictions : 31 March 2018 in respect of 20% of the shares 31 March 2019 in respect of 20% of the shares 31 March 2020 in respect of 60% of the shares Clearance : Clearance in respect of par 3.66 of the JSE Listings Requirements was obtained Cape Town 01 April 2016 Sponsor: Investec Bank Limited Date: 01/04/2016 11:35:00 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.