ELB GROUP LIMITED - Acceptance and Exercise of Options by a Director of a Major Subsidiary

Acceptance and Exercise of Options by a Director of a Major Subsidiary

ELB GROUP LIMITED
Incorporated in the Republic of South Africa
(Registration number 1930/002553/06)
ISIN: ZAE000035101
JSE Code: ELR
(“the Company”)

ACCEPTANCE AND EXERCISE OF OPTIONS BY A DIRECTOR OF A MAJOR SUBSIDIARY

In compliance with paragraph 3.63 of the Listings Requirements of
the JSE Limited, the following information is disclosed in respect
of the acceptance and exercise of options in terms of The ELB Share
Incentive Scheme:


Name of director:                 SJ Meijers

Name of company:                  ELB Engineering Services
                                  Proprietary Limited and ELB
                                  Group Limited

Date of acceptance:               16 April 2018

Number of options accepted and    500 000
exercised:
Option strike price:              R18.69

Total value of transaction:       R9 345 000

Grant date of option:             13 March 2018

Strike date:                      Within 10 years from grant date

Nature of transaction:            Off-market acceptance and
                                  exercise of options granted in
                                  terms of The ELB Share Incentive
                                  Scheme

Class of securities:              Ordinary shares of the Company

Type of interest:                 Direct beneficial

Clearance to deal obtained:       Yes



Boksburg
19 April 2018

Sponsor
Questco Corporate Advisory (Proprietary) Limited

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