Directors Dealings - Vesting Of The 2014 Allocation Of The WBHO Share Plan WILSON BAYLY HOLMES - OVCON LIMITED Building and civil engineering contractors (Registration no. 1982/011014/06) ISIN No: ZAE 000009932 Share code: WBO (“WBHO” or “the Company”) DIRECTORS DEALINGS - VESTING OF THE 2014 ALLOCATION OF THE WBHO SHARE PLAN As was disclosed in the 2017 Integrated Report, the 2014 allocation of performance shares have vested as the maximum targets for vesting were met. These shares vested on 16 March 2018 and were transferred off-market to the affected executives. The interests in these transactions will be directly and beneficially held by the respective executives. The respective executive’s transactions are listed below: Name of director: EL Nel Company: Wilson Bayly Holmes-Ovcon Limited Shares delivered: 57 000 Deemed price: R 153.84 Value of transaction: R 8 768 880 Name of director: CV Henwood Company: Wilson Bayly Holmes-Ovcon Limited Shares delivered: 54 000 Deemed price: R153.84 Value of transaction: R 8 307 360 Name of director: PJ Foley Company: Wilson Bayly Holmes-Ovcon Limited Shares delivered: 54 000 Deemed price: R 153.84 Value of transaction: R 8 307 360 Name of director: RM Smith Company: Wilson Bayly Holmes-Ovcon Limited Shares delivered: 54 000 Deemed price: R 153.84 Value of transaction: R 8 307 360 Name of director: EA Mashishi Company: Wilson Bayly Holmes-Ovcon Limited Shares delivered: 30 000 Deemed price: R153.84 Value of transaction: R 4 615 200 Name of company secretary: S Vally Kara Company: Wilson Bayly Holmes-Ovcon Limited Shares delivered: 15 000 Deemed price: R153.84 Value of transaction: R 2 307 600 By order of the board Johannesburg 20 March 2018 Sponsor: Investec Bank Limited Date: 20/03/2018 05:00:00 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.