MONTAUK HOLDINGS LIMITED - Director & Associate: Change of Interest in Securities

Director & Associate: Change of Interest in Securities

MONTAUK HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2010/017811/06)
(Share code: MNK & ISIN: ZAE000197455)
("MNK" or "the company")

DIRECTOR & ASSOCIATE: CHANGE OF INTEREST IN SECURITIES

In compliance with Rules 3.63 - 3.74 of the JSE Limited Listings Requirements,
the following information is disclosed:

Name of Director             : B.S. Raynor
Designation                  : Non-Executive director
Nature of transaction        : Change of interest from direct beneficial to that of an associate.
                               The change is a result of the restructure of Mr Raynor’s
                               retirement benefit scheme, whereby a portion of his interest in
                               the Company, as held by his retirement benefit scheme, was
                               transferred off-market to the retirement benefit scheme of his
                               spouse, J. Raynor.
Class of shares              : Ordinary shares
Nature of interest           : Direct beneficial
Date of transaction          : 21.03.2019
Number of shares             : 396 573
Transfer price               : 4 840 cps
Total value of transaction   : R19 194 133.20


Name of Associate            : J. Raynor
Nature of transaction        : Off-market acquisition of shares by an associate
                               The acquisition is a result of the restructure of Mr B.S. Raynor’s
                               retirement benefit scheme, whereby a portion of his interest in
                               the Company, as held by his retirement benefit scheme, was
                               transferred off-market to the retirement benefit scheme of his
                               spouse, J.Raynor.
Class of shares              : Ordinary shares
Nature of interest           : Direct beneficial
Date of transaction          : 21.03.2019
Number of shares             : 396 573
Transfer price               : 4 840 cps
Total value of transaction   : R19 194 133.20

Clearance                    :   Clearance in respect of par 3.66 of the JSE
                                 Listings Requirements was obtained

Cape Town
29 March 2019

Sponsor:
Investec Bank Limited

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