CITY LODGE HOTELS LIMITED - Dealings in securities

Dealings in securities

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

DEALINGS IN SECURITIES

In compliance with Rule 3.63 - 3.74 of the JSE Listings
Requirements, the following information is disclosed:

Director:                      A.C. Widegger
Office held:                   Chief Executive Officer
Name of company:               City Lodge Hotels Limited
Grant date:                    3 September 2018
Acceptance date:               12 September 2018
Grant price:                   R138.89
Number of share appreciation
rights:                        45,360
Deemed value of transaction:   R6,300,050,40
Class of shares:               Share appreciation rights
Nature of transaction:         Off-market award and
                               acceptance of share
                               appreciation rights
Nature and extent of
Director’s interest in the
transaction:                   Direct beneficial

Director:                      A.W. Dooley
Office held:                   Chief Financial Officer
Name of company:               City Lodge Hotels Limited
Grant date:                    3 September 2018
Acceptance date:               12 September 2018
Grant price:                   R138.89
Number of share appreciation
rights:                        18,720
Deemed value of transaction:   R2,600,020.80
Class of shares:               Share appreciation rights
Nature of transaction:         Off-market award and
                               acceptance of share
                               appreciation rights
Nature and extent of
Director’s interest in the
transaction:                   Direct beneficial

Director:                      L.G. Siddo
Office held:                   Chief Operating Officer
Name of company:               City Lodge Hotels Limited
Grant date:                    3 September 2018
Acceptance date:               11 September 2018
Grant price:                   R138.89
Number of share appreciation
rights:                        18,360
Deemed value of transaction:   R2,550,020.40
Class of shares:               Share appreciation rights
Nature of transaction:         Off-market award and
                               acceptance of share
                               appreciation rights
Nature and extent of
Director’s interest in the
transaction:                   Direct beneficial

Officer:                       M.C. van Heerden
Office held:                   Group Company Secretary
Name of company:               City Lodge Hotels Limited
Grant date:                    3 September 2018
Acceptance date:               12 September 2018
Grant price:                   R138.89
Number of share appreciation
rights:                        4,927
Deemed value of transaction:   R684,311.03
Class of shares:               Share appreciation rights
Nature of transaction:         Off-market award and
                               acceptance of share
                               appreciation rights
Nature and extent of
Company Secretary’s
interest in the transaction:   Direct beneficial

Share appreciation rights vest after three years provided
certain performance conditions in terms of the City Lodge
Hotels Limited Share Appreciation Right Scheme 2007 have
been met.

Approval for the individual allocations and prior clearance
to deal has been obtained in accordance with Section 3.66
of the JSE Listings Requirements.

Bryanston
12 September 2018

Sponsor
Nedbank Corporate & Investment Banking

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