Acceptance of options by directors or the company and of major subsidiaries ELB GROUP LIMITED Incorporated in the Republic of South Africa (Registration number 1930/002553/06) ISIN: ZAE000035101 JSE Code: ELR (“the Company”) ACCEPTANCE OF OPTIONS BY DIRECTORS OF THE COMPANY AND OF MAJOR SUBSIDIARIES In compliance with paragraph 3.63 of the Listings Requirements of the JSE Limited, the following information is disclosed in respect of the acceptance of options in terms of The ELB Share Incentive Scheme: Summary information in respect of Options: Grant date of option: 18 May 2017 Strike date: Within 10 years from grant date Option strike price: R20.83 Nature of transaction: Acceptance of options granted in terms of The ELB Share Incentive Scheme Class of securities: Ordinary shares Type of interest: Direct beneficial Clearance to deal obtained: Yes Directors’ information: Name of director: MC Easter Name of company: ELB Group Limited Date of acceptance: 31 May 2017 Number of options accepted: 75 000 Total value of transaction: R1 562 250 Name of director: MV Ramollo Name of company: ELB Group Limited Date of acceptance: 29 May 2017 Number of options accepted: 30 000 Total value of transaction: R624 900 Name of director: TJ Budd Name of company: ELBCON Proprietary Limited Date of acceptance: 31 May 2017 Number of options accepted: 125 000 Total value of transaction: R2 603 750 Name of director: G Comins Name of company: ELB Engineering Services Proprietary Limited Date of acceptance: 31 May 2017 Number of options accepted: 150 000 Total value of transaction: R3 124 500 Name of director: AJ Mckay Name of company: ELB Engineering Services Proprietary Limited Date of acceptance: 30 May 2017 Number of options accepted: 250 000 Total value of transaction: R5 207 500 Boksburg 1 June 2017 Sponsor Questco Corporate Advisory (Proprietary) Limited Date: 01/06/2017 12:30:00 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.