MR PRICE GROUP LIMITED - Acceptances of long term incentives by directors

Acceptances of long term incentives by directors

Mr Price Group Limited
Registration number 1933/004418/06
Incorporated in the Republic of South Africa
ISIN: ZAE000200457
JSE share code: MRP
(“the Company” or “the Group”)

ACCEPTANCES OF LONG TERM INCENTIVES BY DIRECTORS

In compliance with the JSE Limited Listings Requirements, shareholders are advised of the following off-market
acceptances of options and shares in respect of ordinary shares on 1 December 2016 by Directors of Mr Price
Group Limited.

The routine long term incentive schemes (LTI’s) were designed to be rolling in nature, such that shares vesting on an
annual basis would be replaced by additional awards. This transaction represents the ‘top up award’ for those LTI’s
vesting in November 2016.

Mr Price Executive Director Share Scheme
                                               Number of options     Option strike
Name                                                     granted             price      Total value of transaction
                                                         
Stuart Bird                                             388 845            R138.00                     R53 660 610
Mark Blair                                              224 539            R138.00                     R30 986 382
Steve Ellis                                              23 782            R138.00                      R3 281 916

Mr Price Executive Forfeitable Share Plan
                                                           Total EFSP     Share price on     Total value of
Name                Vanilla award    Performance award        granted      date of offer        transaction
                                                                    
Stuart Bird                15 917               15 917         31 834            R138.00         R4 393 092
Mark Blair                  9 191                9 191         18 382            R138.00         R2 536 716
Steve Ellis                 2 190                2 190          4 380            R138.00           R604 440

The “vanilla” shares vest in 5 years, at a strike price of Rnil, subject to certain employment criteria. The
“performance” shares vest in 5 years, at a strike price of Rnil, subject to the attainment of headline earnings per
share targets linked to the Group’s strategic plan. The shares awarded have been purchased on behalf of the
participants, who receive voting rights and dividends during the vesting period.

The nature of interest for all the persons concerned is direct beneficial and the grant and acceptances were
authorised by the Remuneration and Nominations Committee and clearance obtained from the Chairman.


Durban
6 December 2016

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 06/12/2016 07:05:00 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.