CITY LODGE HOTELS LIMITED - Director's dealings in securities - exercise of Share Appreciation Rights

Director's dealings in securities - exercise of Share Appreciation Rights

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:           15 March 2017
Number of shares:              5,000
Price:                         R154.00
Value of transaction:          R770,000.00
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:           16 March 2017
Number of shares:              24,707
Price range:                   R155.00 – R157.00
VWAP:                          R155.6532
Value of transaction:          R3,845,723.61
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

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
17 March 2017

Sponsor
Nedbank Corporate & Investment Banking

Date: 17/03/2017 04:56:00 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.