GRANT AND ACCEPTANCE OF OPTIONS TO DIRECTORS AND OFFICERS

GRANT AND ACCEPTANCE OF OPTIONS 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 options in terms of the HCI Employee Share Scheme is disclosed:

Director : Mr J A Copelyn
Designation : Chief Executive Officer
Nature of transaction : Grant and acceptance of option, Off market
Nature of Interest : Direct, Beneficial
Class of Shares : Ordinary shares
Date of grant of option : 29 August 2019
Date of acceptance : 25 September 2019
Number of options : 190 451
Option strike price : R87.71 (10% discount to the 20 day VWAP)
Value of transaction : R 16 704 457.21
Vesting date of options : 29 August 2022
Expiry date of options : 28 February 2023

Director : Mr J R Nicolella
Designation : Financial Director
Nature of transaction : Grant and acceptance of option, Off market
Nature of Interest : Direct, Beneficial
Class of Shares : Ordinary shares
Date of grant of option : 29 August 2019
Date of acceptance : 25 September 2019
Number of options : 116 459
Option strike price : R87.71 (10% discount to the 20 day VWAP)
Value of transaction : R 10 214 618.89
Vesting date of options : 29 August 2022
Expiry date of options : 28 February 2023

Director : Mr T G Govender
Designation : Executive Director
Nature of transaction : Grant and acceptance of option, Off market
Nature of Interest : Direct, Beneficial
Class of Shares : Ordinary shares
Date of grant of option : 29 August 2019
Date of acceptance : 25 September 2019
Number of options : 115 866
Option strike price : R87.71 (10% discount to the 20 day VWAP)
Value of transaction : R 10 162 606.86
Vesting date of options : 29 August 2022
Expiry date of options : 28 February 2023

Director : Mr Y Shaik
Designation : Executive Director
Nature of transaction : Grant and acceptance of option, Off market
Nature of Interest : Direct, Beneficial
Class of Shares : Ordinary shares
Date of grant of option : 29 August 2019
Date of acceptance : 25 September 2019
Number of options : 78 536
Option strike price : R87.71 (10% discount to the 20 day VWAP)
Value of transaction : R 6 888 392.56
Vesting date of options : 29 August 2022
Expiry date of options : 28 February 2023

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

Cape Town
25 September 2019
Sponsor: Investec Bank Limited