Dealing in securities by a director Wilderness Holdings Limited (Registration number 2004/2986) (Registered as an external company in South Africa Registration number 2009/022894/10) ISIN: BW0000000868 Share code: WIL DEALING IN SECURITIES BY A DIRECTOR In compliance with the JSE Limited Listings Requirements, the following information is disclosed: Director Derek de la Harpe Company Wilderness Holdings Limited Acceptance dates 5 November 2012 and 10 February 2014 Settlement dates 5 September 2016 and 11 November 2016 Nature of transaction Off-market acceptance of shares awarded in terms of the Wilderness Group Share Plan 2011. Class of securities Ordinary shares Number of securities 477,255 Deemed issue price The shares were issued for no consideration. The deemed issue price of the shares is the closing price on 12 December 2016 of P5.17 on the Botswana Stock Exchange (“BSE”) and R6.40 on the Johannesburg Stock Exchange (“JSE”). Award dates The awards for the performance shares were made on 5 November 2012 and 21 October 2013. Vesting period Three years Vesting The shares vested after the vesting period and upon fulfilment of the performance criteria. Deemed value of transaction P2,467,408 based on the BSE closing price of P5.17 on 12 December 2016 (R3,054,432 based on the closing price of R6.40 on the JSE). Nature of interest Direct, beneficial Clearance obtained Yes By Order of the Board Gaborone, 14 December 2016 +267 392 6886 JSE Sponsor RAND MERCHANT BANK (A division of First Rand Bank Limited) Date: 14/12/2016 09:00:00 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.