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Exercise of Options by Directors and Directors of a Major Subsidiary of the Company
CA SALES HOLDINGS LIMITED
Incorporated in the Republic of South Africa
Registration number: 2011/143100/06
Registered as an external company in the Republic of Botswana
Botswana registration number: BW00001085331
JSE Limited ("JSE") share code: CAA
Botswana Stock Exchange ("BSE") share code: CAS-EQO
ISIN: ZAE400000036
("CA&S" or the "Company")
EXERCISE OF OPTIONS BY DIRECTORS AND DIRECTORS OF A MAJOR SUBSIDIARY
OF THE COMPANY IN TERMS OF THE CA SALES HOLDINGS SHARE INCENTIVE
TRUST
In compliance with the JSE Listings Requirements and the BSE Listings Requirements,
respectively, the following information regarding the exercise of options is disclosed:
1.
NAME OF DIRECTOR Duncan Lewis
COMPANY OF WHICH A DIRECTOR CA Sales Holdings Limited
STATUS: EXECUTIVE/NON-EXECUTIVE Executive
TYPE AND CLASS OF SECURITIES Options to acquire ordinary shares
NATURE OF DEALINGS Exercise of options by the director at the last
traded share price of R13.45 on
26 May 2026, and related after-tax net-equity
settlement
(Off-market dealings)
VESTING DATES 13 March 2026 (1)
15 March 2026 (2)
24 March 2026 (3)
25 March 2026 (4)
STRIKE PRICES (RAND) R5.07* (1)
R4.74* (2)
R6.76* (3)
R11.29* (4)
EXERCISE DATE 27 May 2026
NUMBER OF OPTIONS EXERCISED 284,625 (1)
343,950 (2)
240,300 (3)
157,525 (4)
NUMBER OF SHARES TO BE RECEIVED 97,534 (1)
122,504 (2)
65,738 (3)
13,913 (4)
PERIOD OF EXERCISE Participants have a 180-day period from the
vesting date during which options can be
exercised.
NATURE AND EXTENT OF INTEREST IN THE Direct, beneficial
DEALINGS
2.
NAME OF DIRECTOR Frans Reichert
COMPANY OF WHICH A DIRECTOR CA Sales Holdings Limited
STATUS: EXECUTIVE/NON-EXECUTIVE Executive
TYPE AND CLASS OF SECURITIES Options to acquire ordinary shares
NATURE OF DEALINGS Exercise of options by the director at the last
traded share price of R13.45 on
26 May 2026, through a combination of cash
(2a) and related after-tax net-equity settlement
(1, 2b,3 & 4)
(Off-market dealings)
VESTING DATES 13 March 2026 (1)
15 March 2026 (2)
24 March 2026 (3)
25 March 2026 (4)
STRIKE PRICES (RAND) R5.07* (1)
R4.74* (2)
R6.76* (3)
R11.29* (4)
EXERCISE DATE 27 May 2026
NUMBER OF OPTIONS EXERCISED 61,225 (1)
36,000 (2a)
315,925 (2b)
99,650 (3)
99,650 (4)
NUMBER OF SHARES TO BE RECEIVED 20,980 (1)
36,000 (2a)
112,523 (2b)
27,261 (3)
8,801 (4)
PERIOD OF EXERCISE Participants have a 180-day period from the
vesting date during which options can be
exercised.
NATURE AND EXTENT OF INTEREST IN THE Direct, beneficial
DEALINGS
3.
NAME OF DIRECTOR Kaushik Shah
COMPANY OF WHICH A DIRECTOR CA Sales and Distribution (Pty) Ltd
(a major subsidiary of the Company)
STATUS: EXECUTIVE/NON-EXECUTIVE Executive
TYPE AND CLASS OF SECURITIES Options to acquire ordinary shares
NATURE OF DEALINGS Exercise of options by the director at the last
traded share price of R13.45 on
26 May 2026, and related after-tax net-equity
settlement
(Off-market dealings)
VESTING DATES 13 March 2026 (1)
15 March 2026 (2)
24 March 2026 (3)
25 March 2026 (4)
STRIKE PRICES (RAND) R5.07* (1)
R4.74* (2)
R6.76* (3)
R11.29* (4)
EXERCISE DATE 27 May 2026
NUMBER OF OPTIONS EXERCISED 70,800 (1)
84,125 (2)
89,850 (3)
34,150 (4)
NUMBER OF SHARES TO BE RECEIVED 33,083 (1)
40,858 (2)
33,518 (3)
4,113 (4)
PERIOD OF EXERCISE Participants have a 180-day period from the
vesting date during which options can be
exercised.
NATURE AND EXTENT OF INTEREST IN THE Direct, beneficial
DEALINGS
4.
NAME OF DIRECTOR Vikas Mehta
COMPANY OF WHICH A DIRECTOR CA Sales and Distribution (Pty) Ltd
(a major subsidiary of the Company)
STATUS: EXECUTIVE/NON-EXECUTIVE Executive
TYPE AND CLASS OF SECURITIES Options to acquire ordinary shares
NATURE OF DEALINGS Exercise of options by the director at the last
traded share price of R13.45 on
26 May 2026, and related after-tax net-equity
settlement
(Off-market dealings)
VESTING DATES 15 March 2026 (1)
24 March 2026 (2)
25 March 2026 (3)
STRIKE PRICES (RAND) R4.74* (1)
R6.76* (2)
R11.29* (3)
EXERCISE DATE 27 May 2026
NUMBER OF OPTIONS EXERCISED 69,525 (1)
108,450 (2)
31,100 (3)
NUMBER OF SHARES TO BE RECEIVED 33,767 (1)
40,457 (2)
3,745 (3)
PERIOD OF EXERCISE Participants have a 180-day period from the
vesting date during which options can be
exercised.
NATURE AND EXTENT OF INTEREST IN THE Direct, beneficial
DEALINGS
* At the grant date, the strike prices were reflected in Botswana Pula. The strike prices are
reflected here in South African Rand, based on the exchange rate at each grant date.
Clearance for the above was obtained in terms of the JSE Listings Requirements.
Centurion
28 May 2026
JSE Sponsor BSE Sponsoring Broker
PSG Capital Imara Capital Securities
Date: 28-05-2026 12:00:00
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