WORKFORCE HOLDINGS LIMITED - Dealings in Securities by Directors and Directors of Major Subsidiaries

Dealings in Securities by Directors and Directors of Major Subsidiaries

WORKFORCE HOLDINGS LIMITED
Incorporated in the Republic of South Africa
(Registration number 2006/018145/06)
Share code: WKF ISIN: ZAE000087847
(“Workforce” or “the Company” or “the Group”)


DEALINGS IN SECURITIES BY DIRECTORS AND DIRECTORS OF MAJOR SUBSIDIARIES


In compliance with paragraph 3.63 to 3.74 (both inclusive) of the Listings Requirements of the JSE
Limited, the following information is disclosed wherein share appreciation rights have been
awarded to directors of Workforce and the major subsidiaries, in terms of the share appreciation
rights scheme as approved by shareholders.

In all instances below:
Nature:                                  Acceptance of share appreciation rights off market
Date on which options were accepted:     13 November 2017
Strike price:                            151 cents
The vesting date:                        13 November 2020
The expiry date:                         13 January 2021
The extent of the directors’ interest:   Direct beneficial
Clearance obtained:                      Yes

                                                                   Number of        Notional value
                                                                       share              of share
 Name of Director         Company                               appreciation          appreciation
                                                                      rights                rights
                                                                    
 Philip Froom             Workforce Holdings Ltd                   5 000 000            R7 550 000

 Willem van Wyk           Workforce Holdings Ltd                   1 000 000            R1 510 000

 Sean Momberg             The Workforce Group (Pty) Ltd            1 000 000            R1 510 000

 Mohamed Valoria          The Workforce Group (Pty) Ltd              150 000              R226 500

 Preshene Batohi          The Workforce Group (Pty) Ltd              120 000              R181 200

 Johanna Nagel            The Workforce Group (Pty) Ltd               75 000              R113 250

Furthermore, in compliance with paragraph 3.63 to 3.74 (both inclusive) of the Listings
Requirements of the JSE Limited, the following information is disclosed:


Name of director:                             Preshene Batohi
Company:                                      The Workforce Group Proprietary Limited, a major
                                              subsidiary of Workforce Holdings Limited
Class of securities:                          Ordinary shares
Nature of transaction:                        Sale of shares on market
Extent of director’s interest:                Direct beneficial
Clearance to deal obtained:                   Yes
Date of transaction:                          8 November 2017
Number of securities:                         20 246
Lowest selling price:                         R1.40
Highest selling price:                        R1.70
Volume weighted average price per security:   R1.4425
Total value:                                  R29 204.85

Name of director:                             Mohamed Valoria
Company:                                      The Workforce Group Proprietary Limited, a major
                                              subsidiary of Workforce Holdings Limited
Class of securities:                          Ordinary shares
Nature of transaction:                        Sale of shares on market
Extent of director’s interest:                Direct beneficial
Clearance to deal obtained:                   Yes
Date of transaction:                          8 November 2017
Number of securities:                         20 246
Lowest selling price:                         R1.40
Highest selling price:                        R1.70
Volume weighted average price per security:   R1.4425
Total value:                                  R29 204.85

Name of director:                             Johanna Nagel
Company:                                      The Workforce Group Proprietary Limited, a major subsidiary
                                              of Workforce Holdings Limited
Class of securities:                          Ordinary shares
Nature of transaction:                        Sale of shares on market
Extent of director’s interest:                Direct beneficial
Clearance to deal obtained:                   Yes
Date of transaction:                          8 November 2017
Number of securities:                         10 123
Lowest selling price:                         R1.40
Highest selling price:                        R1.70
Volume weighted average price per security:   R1.4425
Total value:                                  R14 602.43


Johannesburg
13 November 2017

Designated Adviser
Merchantec Capital

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