Granting of rights to participate in the 2013 WBHO share plan approved by shareholders 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”) GRANTING OF RIGHTS TO PARTICIPATE IN THE 2013 WBHO SHARE PLAN APPROVED BY SHAREHOLDERS AT THE ANNUAL GENERAL MEETING IN NOVEMBER 2014 The company is currently under a cautionary therefore the relevant permission was obtained from the JSE in terms of section 3.70 of the JSE Listings Requirements to waive section 3.69 of the JSE Listings Requirements to proceed with the annual allocation of Performance Share awards per the 2013 WBHO Share Plan as the directors and prescribed officers have no discretion in this transaction. Accordingly the following Executive Directors and Prescribed Officers have been granted rights (off market and at nil cost) to participate in the Company’s share incentive plan, which are subject to performance conditions and vest after three years: Executive Directors: WP Neff 31,500 conditional awards EL Nel 22,500 conditional awards CV Henwood 29,500 conditional awards Prescribed Officers: AF De Necker 28,500 conditional awards CA Jessop 28,500 conditional awards EA Mashishi 15,000 conditional awards PJ Foley 28,500 conditional awards SN Gumede 15,000 conditional awards The effective date of the above transactions is 11 December 2020. Approval for the individual allocations has been given by the Remuneration Committee. By order of the board Johannesburg 14 December 2020 Sponsor: Investec Bank Limited Date: 14-12-2020 03:15:00 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.