CITY LODGE HOTELS LIMITED - Directors dealings in securities exercise of Share Appreciation Rights (SARs)

Director’s dealings in securities – exercise of Share Appreciation Rights (“SARs”)

City Lodge Hotels Limited
"City Lodge"
(Reg. No. 1986/002864/06)
(Incorporated in the Republic of South Africa)
Share Code: CLH    ISIN Code: ZAE000117792

Director’s dealings in securities     –   exercise   of   Share
Appreciation Rights (“SARs”)

In compliance with Rule 3.63 - 3.74 of the JSE Listings
Requirements, the following information is disclosed:

Director:                      C. Ross
Office held:                   Chief Executive
Name of company:               City Lodge Hotels Limited
Date of transaction:           2 March 2017
Number of shares:              20,399
Price:                         R154.957706
Value of transaction:          R3,160,982.25
Nature of Transaction:         On market purchase of
                               ordinary shares pursuant to
                               the off-market exercise of
                               SARs awarded in 2011, as
                               announced on SENS on 28
                               February 2017
Nature and extent of
Director’s interest in the
transaction:                   Direct beneficial

Director:                      C. Ross
Office held:                   Chief Executive
Name of company:               City Lodge Hotels Limited
Date of transaction:           2 March 2017
Number of shares:              8,265
Price:                         R155.2537205
Value of transaction:          R1,283,172.00
Nature of Transaction:         On market sale of ordinary
                               shares to settle the tax
                               obligation     that     arose
                               following    the   off-market
                               exercise of SARs awarded in
                               2011, as announced on SENS
                               on 28 February 2017
Nature and extent of
Director’s interest in the
transaction:                   Direct beneficial
Director:                      C. Ross
Office held:                   Chief Executive
Name of company:               City Lodge Hotels Limited
Date of transaction:           2 March 2017
Number of shares:              1,065
Price:                         R155.5224
Value of transaction:          R165,631.36
Nature of Transaction:         On market sale of ordinary
                               shares   following  the   off
                               market   exercise  of   share
                               options due to expire on 8
                               May 2017, as announced on
                               SENS 27 February 2017
Nature and extent of
Director’s interest in the
transaction:                   Direct beneficial

Prior clearance to deal has been obtained from Mr B.T.
Ngcuka, Chairman of the Board of City Lodge, in accordance
with Section 3.66 of the JSE Listings Requirements.

Bryanston
3 March 2017

Sponsor
Nedbank Corporate & Investment Banking

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