SUPER GROUP LIMITED - Dealings in securities by Directors of major subsidiary

Dealings in securities by Directors of major subsidiary

Super Group Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1943/016107/06)
Share code: SPG
ISIN: ZAE000161832
(“Super Group”)

DEALING IN SECURITIES BY DIRECTORS OF MAJOR SUBSIDIARIES

In compliance with paragraphs 3.63 to 3.66 of the JSE Limited Listings Requirements (“Listings
Requirements”), shareholders are advised that directors of major subsidiaries of Super Group have, in
terms of the Share Appreciation Right Scheme 2005 (“the Scheme”), been granted share appreciation rights
(“SARS”) to receive shares which grants have been accepted.

Shareholder approval of the Scheme was obtained at the 2005 Annual General Meeting. All SARS have
conditions attached and are subject to the rules of the Scheme. The Remuneration Committee approved the
grants and the required clearance in terms of the Listings Requirements was obtained.

The Scheme supports the principle of aligning management and shareholder interests. Performance
conditions governing the vesting of these SARS are intended to be stretching but achievable. The
performance conditions are related to headline earnings per share increasing by 2% per annum above the
Consumer Price Inflation Index over the three-year performance period ending June 2022. The grants are
conditional upon the participant remaining employed during the performance period.

The SARS granted to and accepted by the following directors and officers vest upon confirmation that the
performance conditions have been fulfilled.

Name of director                                 Number of SARS              Nature of interest
P Smith(1)                                              700 000              Direct, beneficial
B Makubalo (1)                                          300 000              Direct, beneficial
J Matlakala (2)                                          30 000              Direct, beneficial
H Makhoba (2)                                            30 000              Direct, beneficial
G Watson (3)                                            700 000              Direct, beneficial
Total                                                 1 760 000
Date of acceptance                30 August 2019
Nature of transaction             Off-market grant and acceptance of SARS
Class of securities               Ordinary shares
Strike Price                      R27.5800
Vesting date                      Following approval by the Remuneration Committee based on the audited
                                  results for the year ending 30 June 2022

(1) P Smith and B Makubalo are directors of Super Group Trading Proprietary Limited.
(2) J Matlakala and H Makhoba are directors of Super Group Holdings Proprietary Limited and Super Group
Trading Proprietary Limited.
(3) G Watson is a Director of Allen Ford UK Limited.

Sandton
3 September 2019

Sponsor: Investec Bank Limited

Date: 03/09/2019 04:13:00
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