Acceptance of options by directors in terms of the HPL&R Group Employee Option Scheme HOSKEN PASSENGER LOGISTICS AND RAIL LIMITED (Incorporated in the Republic of South Africa) Registration number: 2015/250356/06 Share code: HPR ISIN: ZAE000255907 (“HPLR” or the “Company”) ACCEPTANCE OF OPTIONS BY DIRECTORS IN TERMS OF THE HPL&R GROUP EMPLOYEE OPTION SCHEME (“SCHEME”) In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the following information regarding the acceptance of options is disclosed: NAME OF DIRECTOR FE Meyer (1) ML Wilkin (2) COMPANY OF WHICH A DIRECTOR Hosken Passenger (1) – (2) Logistics and Rail Limited STATUS: EXECUTIVE/NON-EXECUTIVE Executive (1) – (2) TYPE AND CLASS OF SECURITIES Options to acquire (1) – (2) ordinary shares NATURE OF TRANSACTION Acceptance of award of (1) – (2) options to acquire ordinary shares in terms of the Scheme (off-market transaction) DATE OF AWARD OF OPTIONS 16 March 2020 (1) – (2) DATE OF ACCEPTANCE OF OPTIONS 18 March 2020 (1) – (2) OPTION STRIKE PRICE 328 cents (1) – (2) (10% discount to HPLR’s 20-day volume weighted average traded price prior to 16 March 2020) NUMBER OF OPTIONS ACCEPTED 272 707 (1) 170 883 (2) TOTAL RAND VALUE OF OPTIONS R894 479 (1) R560 496 (2) VESTING DATES OF OPTIONS Vesting in tranches of 33.33% (1) – (2) each on the 3rd, 4th and 5th anniversary of the option award date. PERIOD OF EXERCISE The director has a period of (1) – (2) six months from the vesting date during which options can be exercised. NATURE AND EXTENT OF INTEREST IN Direct, beneficial (1) – (2) THE TRANSACTION Clearance to accept the above share option awards was obtained in terms of paragraph 3.66 of the JSE Limited Listings Requirements. Cape Town 18 March 2020 Sponsor Investec Bank Limited Date: 18-03-2020 11:12:00 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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