CITY LODGE HOTELS LIMITED - Dealings in Securities: Grant and Acceptance of Conditional Awards under the City Lodge Hotels Limited CSP

Dealings in Securities: Grant and Acceptance of Conditional Awards under the City Lodge Hotels Limited CSP

City Lodge Hotels Limited
(Incorporated in the Republic of South Africa)
(Registration. No. 1986/002864/06)
ISIN Code: ZAE000117792
Share Code: CLH
("City Lodge" or the "Company")

DEALINGS IN SECURITIES: GRANT AND ACCEPTANCE OF CONDITIONAL AWARDS UNDER
THE CITY LODGE HOTELS LIMITED CONDITIONAL SHARE PLAN 2021 ("CSP")

In compliance with paragraphs 3.63 - 3.74 (both inclusive) of the Listings Requirements of
the JSE Limited ("JSE"), shareholders are advised that the executive directors and company
secretary have been granted, and have accepted, conditional share awards in terms of the
CSP in respect of the 2026 financial year for the performance period ending 30 June 2028 as
detailed below.

Vesting of the conditional shares is subject to performance and settlement conditions and
post-vesting holding periods.

The conditional awards have been awarded at the 20-day VWAP as at 30 September 2025
of R3.91 ("deemed price").


Award and acceptance date:                   1 October 2025
Deemed price:                                R3.91
Class of shares:                             Ordinary shares of no par value
Vesting periods:                             1 October 2028: 50%
                                             1 October 2029: 25%
                                             1 October 2030: 25%

Nature of transaction:                       Off market award and acceptance of annual
                                             long-term incentive award of conditional
                                             shares issued in terms of the CSP
Extent of interest:                          Direct beneficial

Director:                                    A.C. Widegger
Office held:                                 Chief Executive Officer
Number of awards:                            1,999,219
Value of transaction:                        Threshold (30%): R2,345,083.89
                                             Target (65%): R5,081,015.09
                                             Stretch (100%): R7,816,946.29

Director:                                    D. Nathoo
Office held:                                 Chief Financial Officer
Number of awards:                            844,325
Value of transaction:                        Threshold (30%): R990,393.23
                                             Target (65%): R2,145,851.99
                                             Stretch (100%): R3,301,310.75

Director:                                    L.G. Siddo
Office held:                                 Chief Operating Officer
Number of awards:                            788,408
Value of transaction:                        Threshold (30%): R924,802.58
                                             Target (65%): R2,003,738.93
                                             Stretch (100%): R3,082,675.28

Officer:                                     M.C. van Heerden
Office held:                                 Group Company Secretary
Number of awards:                            262,006
Value of transaction:                        Threshold (30%): R307,333.04
                                             Target (65%): R665,888.25
                                             Stretch (100%): R1,024,443.46

The prerequisite clearance has been obtained in accordance with paragraph 3.66 of the JSE
Listings Requirements.

Bryanston
6 October 2025

Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 06-10-2025 04:45:00
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.