Grant and acceptance of Share Appreciation Rights to Directors and Officers MONTAUK HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number 2010/017811/06) (Share code: MNK & ISIN: ZAE000197455) ("MNK" or "the company") GRANT AND ACCEPTANCE OF SHARE APPRECIATION RIGHTS TO DIRECTORS AND OFFICERS In compliance with Rules 3.63 - 3.74 of the JSE Limited Listing Requirements the following information regarding the granting and acceptance of share appreciation rights (“SAR’s”) in terms of the Montauk Holdings Limited Employee Share Appreciation Rights Scheme for U.S. Affiliates is disclosed: Director : ML Ryan Designation : Chief Executive Officer Nature of transaction : Off market grant and acceptance of SAR’s Nature of Interest : Direct, Beneficial Class of shares : Ordinary shares Date of grant of SAR : 3 June 2019 Date of acceptance : 3 June 2019 Number of SAR’s : 421 798 SAR strike price : R40.00 Value of transaction : R16 871 920 Vesting date of SAR’s : 3 June 2022 Expiry date of SAR’s : 3 September 2022 Clearance : Clearance in respect of par 3.66 of the JSE Listings Requirements was obtained Cape Town 05 June 2019 Sponsor: Investec Bank Limited Date: 05/06/2019 12:02:00 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.
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