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JSE Limited SENS announcements

Acceptance of performance share awards by directors, directors of a major subsidiary and prescribed officers

04 April 2017

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

DIRECTORS OF MPACT LIMITED

Name BW Strong
Office held Chief Executive Officer
Company Mpact Limited
Date of transaction 3 April 2017
Nature of transaction Off-market acceptance of conditional performance share
awards vesting in March 2020 subject to the achievement of agreed targets
Class of securities Ordinary shares
Number of bonus shares 225,585
Award price R29.689
Total value of award R6,697,393.07
Nature of interest Direct beneficial
Clearance obtained Yes
Name BDV Clark
Office held Chief Executive Officer
Company Mpact Limited
Date of transaction 3 April 2017
Nature of transaction Off-market acceptance of conditional performance share
awards vesting in March 2020 subject to the achievement of agreed targets
Class of securities Ordinary shares
Number of bonus shares 128,605
Award price R29.689
Total value of award R3,818,153.85
Nature of interest Direct beneficial
Clearance obtained Yes

DIRECTORS OF MAJOR SUBSIDIARY

Name RP von Veh
Office held Managing Director – Converting
Company Mpact Operations (Pty) Ltd
Date of transaction 3 April 2017
Nature of transaction Off-market acceptance of conditional performance share
awards vesting in March 2020 subject to the achievement of agreed targets
Class of securities Ordinary shares
Number of bonus shares 139,796
Award price R29.689
Total value of award R4,150,403.44
Nature of interest Direct beneficial
Clearance obtained Yes
Name HM Thompson
Office held Managing Director – Paper Manufacturing Division
Company Mpact Operations (Pty) Ltd
Date of transaction 3 April 2017
Nature of transaction Off-market acceptance of conditional performance share
awards vesting in March 2020 subject to the achievement of agreed targets
Class of securities Ordinary shares
Number of bonus shares 138,935
Award price R29.689
Total value of award R4,124,841.22
Nature of interest Direct beneficial
Clearance obtained Yes
Name N Naidoo
Office held Managing Director – Plastics Division
Company Mpact Operations (Pty) Ltd
Date of transaction 3 April 2017
Nature of transaction Off-market acceptance of conditional performance share
awards vesting in March 2020 subject to the achievement of agreed targets
Class of securities Ordinary shares
Number of bonus shares 109,035
Award price R29.689
Total value of award R3,237,140.12
Nature of interest Direct beneficial
Clearance obtained Yes

PRESCRIBED OFFICER

Name JW Hunt
Office held Managing Director
Company Mpact Recycling (Pty) Ltd
Date of transaction 3 April 2017
Nature of transaction Off-market acceptance of conditional performance share
awards vesting in March 2020 subject to the achievement of agreed targets
Class of securities Ordinary shares
Number of bonus shares 89,134
Award price R29.689
Total value of award R2,646,299.33
Nature of interest Direct beneficial
Clearance obtained Yes
Name J Stumpf
Office held Managing Director – Corrugated Division
Company Mpact Operations (Pty) Ltd
Date of transaction 3 April 2017
Nature of transaction Off-market acceptance of conditional performance share
awards vesting in March 2020 subject to the achievement of agreed targets
Class of securities Ordinary shares
Number of bonus shares 127,640
Award price R29.689
Total value of award R3,789,503.96
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.

Melrose Arch
4 April 2017

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