MONTAUK HOLDINGS LIMITED - Change in nature of Directors holdings

Change in nature of Directors’ holdings

MONTAUK HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2010/017811/06)
(Share code: MNK & ISIN: ZAE000197455)
("MNK" or "the company")

CHANGE IN NATURE OF DIRECTORS’ HOLDINGS

Notice is given, in terms of paragraphs 3.63 to 3.74 of the Listings Requirements of the JSE
Limited’s Listing Requirements, of the following transactions in respect of the Company’s shares
by directors:

Name                                                    JA Copelyn
Designation                                             Non-executive Chairman
Class of shares                                         Ordinary
Date of transaction                                     23 December 2020
Transaction price                                       84 42 cps
Number of securities                                    6 705 348
Total value of transaction                              R566 065 478
Nature of transaction                                   Transfer of an interest in an associate
                                                        to another associate of Mr Copelyn (Off
                                                        market transaction)
Extent of director’s interest                           Indirect Beneficial (previously Indirect
                                                        Beneficial)

Name                                                    JA Copelyn
Designation                                             Non-executive Chairman
Class of shares                                         Ordinary
Date of transaction                                     23 December 2020
Transaction price                                       84 42 cps
Number of securities                                    7 154 770
Total value of transaction                              R604 005 683
Nature of transaction                                   Change of interest in a subsidiary of a
                                                        family trust, that was not an associate
                                                        of Mr Copelyn, resulting in it becoming
                                                        an associate (Off market transaction)
Extent of director’s interest                           Indirect Beneficial (previously Indirect
                                                        Non-beneficial)

Name                                                    JA Copelyn
Designation                                             Non-executive Chairman
Class of shares                                         Ordinary
Date of transaction                                     23 December 2020
Transaction price                                       95 50 cps
Number of securities                                    3 000 000
Total value of transaction                              R286 500 000
Nature of transaction                                   Sale of MNK shares held by a
                                                        subsidiary of a family trust which is not
                                                        an associate to an entity which is an
                                                        associate of Mr Copelyn (Off market
                                                        transaction)
Extent of director’s interest                           Indirect Beneficial (previously Indirect
                                                        Non-beneficial)

Name                                                   TG Govender
Designation                                            Non-executive director
Class of shares                                        Ordinary
Date of transaction                                    22 December 2020
Transaction price                                      95 50 cps
Number of securities                                   247 685
Total value of transaction                             R23 653 918
Nature of transaction                                  Sale of MNK shares held on a direct
                                                       beneficial basis by Mr Govender to an
                                                       associate of him (Off market
                                                       transaction)
Extent of director’s interest                          Indirect Beneficial (previously Direct
                                                       Beneficial)

Clearance in respect of par 3.66 of the JSE Listings Requirements was obtained.

Cape Town
24 December 2020

Sponsor:
Investec Bank Limited

Date: 24-12-2020 07:30:00
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