MPACT LIMITED - Acceptance of performance share awards to directors and prescribed officers

Acceptance of performance share awards to directors and prescribed officers

Mpact Limited
(Incorporated in the Republic of South Africa)
(Registration number 2004/025229/06)
JSE share code: MPT ISIN: ZAE000156501
("Mpact" or "the Company")

In compliance with the JSE Limited Listings Requirements, the following
information is disclosed:

ACCEPTANCE OF PERFORMANCE SHARE AWARDS TO DIRECTORS AND PRESCRIBED OFFICERS

DIRECTORS OF MPACT LIMITED
Name                            :   BW Strong
Office held                     :   Chief Executive Officer
Company                         :   Mpact Limited
Date of acceptance              :   5 April 2019
Nature of transaction           :   Off-market acceptance of conditional
                                    performance share awards vesting in March
                                    2022 subject to the achievement of agreed
                                    targets
Class of securities             :   Ordinary shares
Number of performance shares    :   314,862
Award price*                    :   R23.45
Total value of award            :   R7,383,513.90
Nature of interest              :   Direct beneficial
Clearance obtained              :   Yes

Name                            :   BDV Clark
Office held                     :   Chief Financial Officer
Company                         :   Mpact Limited
Date of acceptance              :   5 April 2019
Nature of transaction           :   Off-market acceptance of conditional
                                    performance share awards vesting in March
                                    2022 subject to the achievement of agreed
                                    targets
Class of securities             :   Ordinary shares
Number of performance shares    :   179,505
Award price*                    :   R23.45
Total value of award            :   R4,209,392.25
Nature of interest              :   Direct beneficial
Clearance obtained              :   Yes

DIRECTORS OF MAJOR SUBSIDIARY
Name                            :   HM Thompson
Office held                     :   Managing Director - Paper Manufacturing
                                    Division
Company                         :   Mpact Operations (Pty) Ltd
Date of acceptance              :   5 April 2019
Nature of transaction           :   Off-market acceptance of conditional
                                    performance share awards vesting in March
                                    2022 subject to the achievement of agreed
                                    targets
Class of securities             :   Ordinary shares
Number of performance shares    :   193,924
Award price*                    :   R23.45
Total value of award            :   R4,547,517.80
Nature of interest              :   Direct beneficial
Clearance obtained              :   Yes

Name                            :   N Naidoo
Office held                     :   Managing Director - Plastics Division
Company                         :   Mpact Operations (Pty) Ltd
Date of acceptance              :   5 April 2019
Nature of transaction           :   Off-market acceptance of conditional
                                    performance share awards vesting in March
                                    2022 subject to the achievement of agreed
                                    targets
Class of securities             :   Ordinary shares
Number of performance shares    :   152,190
Award price*                    :   R23.45
Total value of award            :   R3,568,855.50
Nature of interest              :   Direct beneficial
Clearance obtained              :   Yes

PRESCRIBED OFFICERS
Name                            :   JW Hunt
Office held                     :   Managing Director
Company                         :   Mpact Recycling (Pty) Ltd
Date of acceptance              :   5 April 2019
Nature of transaction           :   Off-market acceptance of conditional
                                    performance share awards vesting in March
                                    2022 subject to the achievement of agreed
                                    targets
Class of securities             :   Ordinary shares
Number of performance shares    :   124,412
Award price*                    :   R23.45
Total value of award            :   R2,917,461.40
Nature of interest              :   Direct beneficial
Clearance obtained              :   Yes

Name                            :   J Stumpf
Office held                     :   Managing Director - Corrugated Division
Company                         :   Mpact Operations (Pty) Ltd
Date of acceptance              :   5 April 2019
Nature of transaction           :   Off-market acceptance of conditional
                                    performance share awards vesting in March
                                    2022 subject to the achievement of agreed
                                    targets
Class of securities             :   Ordinary shares
Number of performance shares    :   178,159
Award price*                    :   R23.45
Total value of award            :   R4,177,828.55
Nature of interest              :   Direct beneficial
Clearance obtained              :   Yes

Note:
  1. Prescribed officers are defined as having general executive control
     over and management of a significant portion of the Company or
     regularly participate therein to a material degree.
  *  Award price is calculated on a 15-trading day VWAP starting from 14
     March 2019 to 4 April 2019.

Melrose Arch
8 April 2019

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

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