TONGAAT-HULETT – GRANTING OF RIGHTS TO PARTICIPATE IN SHARE INCENTIVE PLANS
Executive directors have been granted rights to participate in the Group’s share incentive plans as follows:
Share appreciation rights, which are subject to performance conditions and vest after three years, at a grant price of R57.58.
|P H Staude||92 810 rights|
|B G Dunlop||40 597 rights|
|A Fourie||37 381 rights|
|G R Hibbert||30 776 rights|
|G P N Kruger||32 610 rights|
|M H Munro||32 185 rights|
|S J Saunders||31 003 rights|
|M Serfontein||24 942 rights|
Long term incentive plan awards, which are subject to performance conditions and vest after three years.
|P H Staude||50 720 conditional awards|
|B G Dunlop||20 126 conditional awards|
|A Fourie||18 528 conditional awards|
|G R Hibbert||15 730 conditional awards|
|G P N Kruger||17 825 conditional awards|
|M H Munro||15 955 conditional awards|
|S J Saunders||17 308 conditional awards|
|M Serfontein||13 925 conditional awards|
All rights and awards are subject to the rules of the respective share incentive plans, as approved by shareholders at the annual general meeting held on 26 April 2005.
Approval for the individual allocations and clearance to transact has been given.
12 May 2005
Sponsor: Investec Bank limited