Granting of rights to participate in the 2013 WBHO share plan approved by shareholders at the Annual General Meeting WILSON BAYLY HOLMES - OVCON LIMITED Building and civil engineering contractors (Registration no. 1982/011014/06) ISIN No: ZAE 000009932 Share code: WBO (“WBHO” or “the Company”) GRANTING OF RIGHTS TO PARTICIPATE IN THE 2013 WBHO SHARE PLAN APPROVED BY SHAREHOLDERS AT THE ANNUAL GENERAL MEETING IN NOVEMBER 2014 Executive Directors, Prescribed Officers and the Company Secretary have been granted rights (off-market) to participate in the Company’s share incentive plan as follows: Performance share awards, which are subject to performance conditions and vest after three years. Executive Directors: E L Nel 17,500 conditional awards C V Henwood 16,000 conditional awards Prescribed Officers: P J Foley 16,000 conditional awards R M Smith 16,000 conditional awards E A Mashishi 10,000 conditional awards Company Secretary: S Vally-Kara 4,000 conditional awards Share appreciation rights, which are subject to performance conditions and vest in equal thirds no earlier than the third, fourth and fifth anniversaries, with a grant price of R147.47. Executive Directors: E L Nel 17,500 rights C V Henwood 16,000 rights Prescribed Officers: P J Foley 16,000 rights R M Smith 16,000 rights E A Mashishi 10,000 rights Company Secretary: S Vally-Kara 4,000 rights The effective date of the above transactions will be 7 December 2016, approval for the individual allocations has been given by the Remuneration Committee. By order of the board Johannesburg 8 December 2016 Sponsor: Investec Bank Limited Date: 08/12/2016 03:26:00 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.