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Vesting of 2022 Allocation of 2013 WBHO Share Plan, Grant and Acceptance of 2025 Allocation of 2013 WBHO Share Plan
WILSON BAYLY HOLMES - OVCON LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1982/011014/06)
JSE AND A2X Code: WBO
ISIN: ZAE000009932
("the Company" or "WBHO")
DIRECTORS DEALINGS: VESTING OF THE 2022 ALLOCATION OF THE 2013 WBHO SHARE PLAN AND THE GRANT AND ACCEPTANCE OF THE
2025 ALLOCATION OF THE 2013 WBHO SHARE PLAN
1. VESTING OF THE 2022 ALLOCATION:
As disclosed in the 2025 Integrated Report, the 2022 allocation of performance shares vested at 300% of the allocation. These ordinary
shares vested on 5 November 2025 and were transferred off-market to the Executive Directors, Prescribed Officers and the Company
Secretary (collectively "executives"). The interests in these transactions will be directly and beneficially held by the respective executives.
The transactions are listed below:
Executive Directors:
Number of shares vested Deemed Value*
WP Neff 159,000 ordinary shares R 23,779,642.50
AC Logan 60,000 ordinary shares R 8,973,450.00
CV Henwood 156,000 ordinary shares R 23,330,970.00
Prescribed Officers:
Number of shares vested Deemed Value*
AF De Necker 141,000 ordinary shares R21,087,607.50
CA Jessop 141,000 ordinary shares R21,087,607.50
PJ Foley 120,000 ordinary shares R17,946.900.00
SN Gumede 75,000 ordinary shares R11,216,812.50
Company Secretary:
Number of shares vested Deemed Value*
D Msiska 36,000 ordinary shares R 5,384,070.00
2. GRANT AND ACCEPTANCE OF PERFORMANCE SHARES:
The following Executive Directors, Prescribed Officers and the Company Secretary have been granted and have accepted rights (off-market
and at nil cost) to participate in the 2013 WBHO Share Plan approved by the shareholders at the Annual General Meeting in November
2014. The rights to the ordinary shares are subject to performance conditions and vest after three years.
The conditional awards are listed below:
Executive Directors:
Number of rights Deemed Value*
WP Neff 32,000 conditional awards R 4,785,840.00
AC Logan 30,000 conditional awards R 4,486,725.00
CV Henwood 20,000 conditional awards R 2,991,150.00
Prescribed Officers:
Number of rights Deemed Value*
AF De Necker 27,000 conditional awards R4,038,052.50
CA Jessop 27,000 conditional awards R4,038,052.50
PJ Foley 25,000 conditional awards R3,738,937.50
SN Gumede 18,000 conditional awards R2,692,035.00
Company Secretary:
Number of rights Deemed Value*
D Msiska 7,000 conditional awards R 1,046,902.50
The effective date of the above transactions is 5 November 2025, and the interest is direct beneficial. Approval for the individual
allocations has been given by the Remuneration Committee.
Clearance was obtained for all transactions.
*Calculated using the volume weighted average share price on 4 November 2025 of R149.5575.
10 November 2025
Johannesburg
Sponsor: Investec Bank Limited
Date: 10-11-2025 05:00:00
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