Awarding Of Options To And Acceptance Of Options By Directors STADIO HOLDINGS LIMITED (Previously Embury Holdings Proprietary Limited) (Incorporated in the Republic of South Africa) Registration number: 2016/371398/06 JSE share code: SDO ISIN ZAE000248662 (“STADIO”) AWARDING OF OPTIONS TO AND ACCEPTANCE OF OPTIONS BY DIRECTORS AND A DIRECTOR OF A MAJOR SUBSIDIARY IN TERMS OF THE STADIO GROUP SHARE INCENTIVE TRUST In compliance with Sections 3.63 to 3.74 of the JSE Limited Listings Requirements the following information regarding the award and acceptance of options is disclosed: 1. NAME OF DIRECTOR CR van der Merwe COMPANY OF WHICH I AM A STADIO Holdings Limited DIRECTOR STATUS: EXECUTIVE/NON- Executive EXECUTIVE TYPE AND CLASS OF Options to subscribe for SECURITIES ordinary shares in STADIO NATURE OF TRANSACTION Acceptance of options to subscribe for ordinary shares in STADIO in terms of the STADIO Group Share Incentive Trust (off-market transaction) DATE OF TRANSACTION (DATE 3 October 2017 OF ACCEPTANCE OF OPTIONS) DATE OPTIONS WERE AWARDED 3 October 2017 OPTION STRIKE PRICE R2.96 NUMBER OF OPTIONS AWARDED 4 054 054 AND ACCEPTED TOTAL RAND VALUE OF OPTIONS R11 999 999.84 ACCEPTED STRIKE DATE OF OPTIONS 3 October 2019, (VESTING DATES OF OPTIONS)* 3 October 2020, 3 October 2021, and 3 October 2022 PERIOD OF EXERCISE Participants have a 30 day period from the strike date during which options can be exercised NATURE AND EXTENT OF Direct beneficial INTEREST IN THE TRANSACTION CLEARANCE OBTAINED IN TERMS Yes OF SECTION 3.66 OF THE JSE LISTINGS REQUIREMENTS 2. NAME OF DIRECTOR S Totaram COMPANY OF WHICH I AM A STADIO Holdings Limited DIRECTOR STATUS: EXECUTIVE/NON- Executive EXECUTIVE TYPE AND CLASS OF Options to subscribe for SECURITIES ordinary shares in STADIO NATURE OF TRANSACTION Acceptance of options to subscribe for ordinary shares in STADIO in terms of the STADIO Group Share Incentive Trust (off-market transaction) DATE OF TRANSACTION (DATE 3 October 2017 OF ACCEPTANCE OF OPTIONS) DATE OPTIONS WERE AWARDED 3 October 2017 OPTION STRIKE PRICE R2.96 NUMBER OF OPTIONS AWARDED 1 724 838 AND ACCEPTED TOTAL RAND VALUE OF OPTIONS R5 105 520.48 ACCEPTED STRIKE DATE OF OPTIONS 3 October 2019, (VESTING DATES OF OPTIONS)* 3 October 2020, 3 October 2021, and 3 October 2022 PERIOD OF EXERCISE Participants have a 30 day period from the strike date during which options can be exercised NATURE AND EXTENT OF Direct beneficial INTEREST IN THE TRANSACTION CLEARANCE OBTAINED IN TERMS Yes OF SECTION 3.66 OF THE JSE LISTINGS REQUIREMENTS 3. NAME OF DIRECTOR D Singh COMPANY OF WHICH I AM A STADIO Holdings Limited DIRECTOR STATUS: EXECUTIVE/NON- Executive EXECUTIVE TYPE AND CLASS OF SECURITIES Options to subscribe for ordinary shares in STADIO NATURE OF TRANSACTION Acceptance of options to subscribe for ordinary shares in STADIO in terms of the STADIO Group Share Incentive Trust (off-market transaction) DATE OF TRANSACTION (DATE OF 3 October 2017 ACCEPTANCE OF OPTIONS) DATE OPTIONS WERE AWARDED 3 October 2017 OPTION STRIKE PRICE R2.96 NUMBER OF OPTIONS ACCEPTED 1 756 757 TOTAL RAND VALUE OF OPTIONS R5 200 000.72 ACCEPTED STRIKE DATE OF OPTIONS 3 October 2019, (VESTING DATES OF OPTIONS)* 3 October 2020, 3 October 2021, and 3 October 2022 PERIOD OF EXERCISE Participants have a 30 day period from the strike date during which options can be exercised NATURE AND EXTENT OF Direct beneficial INTEREST IN THE TRANSACTION CLEARANCE OBTAINED IN TERMS Yes OF SECTION 3.66 OF THE JSE LISTINGS REQUIREMENTS 4. NAME OF DIRECTOR JJ Human COMPANY OF WHICH I AM A Embury Institute for Higher DIRECTOR Education Proprietary Limited STATUS: EXECUTIVE/NON- Executive EXECUTIVE TYPE AND CLASS OF SECURITIES Options to subscribe for ordinary shares in STADIO NATURE OF TRANSACTION Acceptance of options to subscribe for ordinary shares in STADIO in terms of the STADIO Group Share Incentive Trust (off-market transaction) DATE OF TRANSACTION (DATE OF 3 October 2017 ACCEPTANCE OF OPTIONS) DATE OPTIONS WERE AWARDED 3 October 2017 OPTION STRIKE PRICE R2.96 NUMBER OF OPTIONS AWARDED 3 103 310 AND ACCEPTED TOTAL RAND VALUE OF OPTIONS R9 185 797.60 ACCEPTED STRIKE DATE OF OPTIONS 3 October 2019, (VESTING DATES OF OPTIONS)* 3 October 2020, 3 October 2021, and 3 October 2022 PERIOD OF EXERCISE Participants have a 30 day period from the strike date during which options can be exercised NATURE AND EXTENT OF Direct beneficial INTEREST IN THE TRANSACTION CLEARANCE OBTAINED IN TERMS Yes OF SECTION 3.66 OF THE JSE LISTINGS REQUIREMENTS *The options will vest in 4 tranches of 25% each on the strike dates specified above. Durbanville 06 October 2017 Sponsor: PSG Capital Proprietary Limited Date: 06/10/2017 04:08:00 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.