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CND - Conduit Capital Limited - Granting and acceptance of options Conduit Capital Limited Incorporated in the Republic of South Africa (Registration Number 1998/017351/06) Share code: CND ISIN: ZAE000073128 ("Conduit Capital") GRANTING AND ACCEPTANCE OF OPTIONS In compliance with paragraphs 3.63 to 3.74 (both inclusive) of the Listings Requirements of JSE Limited, the following information is disclosed pertaining to the granting and acceptance of options at a strike price of 40 cents per option on 20 November 2009 in terms of the IMR Share Trust: Name of director: Mr Lourens Erasmus Louw Company: Conduit Capital Number of options: 2 000 000 Value of grant: R800 000 Name of director: Mr Gavin Toet Company: Conduit Capital Number of options: 2 000 000 Value of grant: R800 000 Name of director: Mr Mark Sinclair Paton Company: Constantia Insurance Company Limited, a major subsidiary of Conduit Capital Number of options: 1 000 000 Value of grant: R400 000 Class of securities: Ordinary Extent of directors` interest: Direct beneficial Vesting date for exercise of options: 50% of the options which have been accepted by each of the abovementioned directors will vest on 30 November 2010, subject to certain predetermined conditions having been met; any of these options not exercised by 30 November 2011 will lapse; and
the remaining 50% of the options which have been accepted by each of the abovementioned directors will vest on 30 November 2011, subject to certain predetermined conditions having been met; any of
these options not exercised by 30 November 2012 will lapse. Confirmation of clearance: Clearance to grant the options was obtained from the Chairman of Conduit Capital
20 November 2009 Sponsor Merchantec Capital Date: 20/11/2009 16:57:20 Supplied by www.sharenet.co.za 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.
