BOWLER METCALF LIMITED - Dealings in Bowler Metcalf Securities by an Associate of a Director

Dealings in Bowler Metcalf Securities by an Associate of a Director

Bowler Metcalf Limited                       
(Incorporated in the Republic of South Africa)
(Registration number 1972/005921/06)
Share code: BCF       ISIN code: ZAE 000030797
(“Bowler Metcalf”)


DEALINGS IN BOWLER METCALF SECURITIES BY AN ASSOCIATE OF A DIRECTOR


In compliance with paragraphs 3.63 to 3.74 of the JSE Listings Requirements, shareholders are
advised of the following information relating to dealings in Bowler Metcalf securities by an
associate of a director of Bowler Metcalf:

 Name of director:                     PF Sass
 Status of director:                   Executive
 Name of associate:                    The Sass Trust
 Relationship with director:           The director is a trustee and discretionary beneficiary
                                       of the associate
 Date of transaction:                  14 November 2019
 Class and type of securities:         Ordinary shares
 Number of securities transacted:      2 413 227
 Price per security:                   715 cents
 Total value of securities:            R17 254 573
 Nature of transaction:                Acquisition of shares by an associate of the director
                                       (off-market transaction). It should be noted that the
                                       transaction was merely a transfer of the above
                                       number of shares previously held by the Estate late
                                       HW Sass (as disclosed in the Company’s
                                       2019 Integrated Annual Report) to The Sass Trust at
                                       the prevailing market share price.
 Nature and extent of director’s       Indirect, beneficial
 interest:

Clearance to deal in these shares was obtained in accordance with paragraph 3.66 of the
JSE Listings Requirements.

Cape Town
18 November 2019

Sponsor
Arbor Capital Sponsors Proprietary Limited

Date: 18/11/2019 05:01:00
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