MONTAUK HOLDINGS LIMITED - Grant and acceptance of options to directors and officers

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 granting and acceptance of options in terms of the Montauk Holdings Limited Employee
Share Appreciation Rights Scheme for U.S. Affiliates is disclosed:



Director                       :          ML Ryan
Designation                    :          Chief Executive Officer
Nature of transaction          :          Grant and acceptance of option
                                          Off Market
Nature of Interest             :          Direct, Beneficial
Class of Shares                :          Ordinary shares
Date of grant of option        :          26 October 2016
Date of acceptance             :          11 November 2016
Number of options              :          125 000
Option strike price            :          R18.50
Value of transaction           :          R2 312 500
Vesting date of options        :          26 October 2019
Expiry date of options         :          26 January 2020


Director                       :          SF McClain
Designation                    :          Chief Financial Officer
Nature of transaction          :          Grant and acceptance of option
                                          Off Market
Nature of Interest             :          Direct, Beneficial
Class of Shares                :          Ordinary shares
Date of grant of option        :          26 October 2016
Date of acceptance             :          11 November 2016
Number of options              :          25 000
Option strike price            :          R18.50
Value of transaction           :          R462 500
Vesting date of options        :          26 October 2019
Expiry date of options         :          26 January 2020


Public Officer                 :          JW Wallace
Designation                    :          Vice President and Company Secretary of major subsidiary
Nature of transaction          :          Grant and acceptance of option
                                          Off Market
Nature of Interest             :          Direct, Beneficial
Class of Shares                :          Ordinary shares
Date of grant of option        :          26 October 2016
Date of acceptance             :          11 November 2016
Number of options              :          250 000
Option strike price            :          R18.50
Value of transaction           :          R4 625 000
Vesting date of options        :          26 October 2019
                                          26 October 2020
                                          26 October 2021
Expiry date of options         :          26 January 2020
                                          26 January 2021
                                          26 January 2022

Clearance                      :          Clearance in respect of par 3.66 of the JSE
                                          Listings Requirements was obtained


Cape Town
14 November 2016

Sponsor: Investec Bank Limited

Date: 14/11/2016 04:46:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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