Granting of Share Options to Staff And Executive Directors SANTOVA LIMITED (Registration number: 1998/018118/06) Share code: SNV ISIN: ZAE000159711 (“Santova” or “the Company”) Granting Of Share Options To Staff And Executive Directors Shareholders are advised that in terms of the approved Group Share Option Scheme No. 2, 1 560 000 share options in total, have been granted by the Company to certain eligible employees of the Group, including directors of Santova and its subsidiaries. In accordance with the requirements of paragraph 3.63 – 3.74 of the JSE Listings Requirements, notice is hereby given that included in the above tranche of options, were the following share options which were granted to the Executive Directors of the Company and of its major subsidiaries: Name: GH Gerber Name of Company: Santova Limited Designation: Executive Director and Chief Executive Officer Option date: 28 February 2020 Number of shares: 500 000 Option price: 194 cents per share Total value: R 970 000 Class of securities: Ordinary shares Nature of transaction: Off market grant and acceptance of options Nature of interests: Direct beneficial Exercise date: These options may only be exercised after a period of 5 years has elapsed from the option date Name: AL Van Zyl Name of Company: Santova Limited Designation: Executive Director Option date: 28 February 2020 Number of shares: 200 000 Option price: 194 cents per share Total value: R 388 000 Class of securities: Ordinary shares Nature of transaction: Off market grant and acceptance of options Nature of interests: Direct beneficial Exercise date: These options may only be exercised after a period of 5 years has elapsed from the option date Name: AKG Lewis Name of Company: Santova Limited Designation: Prescribed Officer Option date: 28 February 2020 Number of shares: 200 000 Option price: 194 cents per share Total value: R 388 000 Class of securities: Ordinary shares Nature of transaction: Off market grant and acceptance of options Nature of interests: Direct beneficial Exercise date: These options may only be exercised after a period of 5 years has elapsed from the option date Name: G Fourie Name of Company: Santova Limited Designation: Prescribed Officer Option date: 28 February 2020 Number of shares: 200 000 Option price: 194 cents per share Total value: R 388 000 Class of securities: Ordinary shares Nature of transaction: Off market grant and acceptance of options Nature of interests: Direct beneficial Exercise date: These options may only be exercised after a period of 5 years has elapsed from the option date Name: RM Herselman Name of Company: Santova Limited Designation: Group Financial Director Option date: 28 February 2020 Number of shares: 120 000 Option price: 194 cents per share Total value: R 232 800 Class of securities: Ordinary shares Nature of transaction: Off market grant and acceptance of options Nature of interests: Direct beneficial Exercise date: These options may only be exercised after a period of 5 years has elapsed from the option date Name: J Heald Name of Company: Tradeway Shipping Limited Designation: Executive Director Option date: 28 February 2020 Number of shares: 120 000 Option price: 194 cents per share Total value: R 232 800 Class of securities: Ordinary shares Nature of transaction: Off market grant and acceptance of options Nature of interests: Direct beneficial Exercise date: These options may only be exercised after a period of 5 years has elapsed from the option date Name: V Boelens Name of Company: Santova Logistics B.V. Designation: Executive Director Option date: 28 February 2020 Number of shares: 120 000 Option price: 194 cents per share Total value: R 232 800 Class of securities: Ordinary shares Nature of transaction: Off market grant and acceptance of options Nature of interests: Direct beneficial Exercise date: These options may only be exercised after a period of 5 years has elapsed from the option date Clearance for this transaction was provided in terms of section 3.66 of the JSE Listings Requirements. Durban 05 March 2020 Sponsor River Group Date: 05-03-2020 04:10:00 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.