SENS

30-03-2009

Exercise of share options


Tongaat Hulett Limited

Registration number (1892/000610/06)

Share code: TON

ISIN ZAE0000096541

Exercise Of Share Options

In accordance with Rule 3.63 to 3.74 of the JSE Listings Requirements, the following is disclosed:

 

CHAIRMAN: C M L Savage

DATE COMPLETED: 26 March 2009

CLASS OF SECURITY: Ordinary shares

NATURE OF TRANSACTION: Exercise of share options approaching expiry and subsequent sale of shares including the Hulamin component of the original Tongaat-Hulett Group scheme which, following the Hulamin unbundling, is now settled in Tongaat Hulett shares

OPTION PRICE: R30.63 on the Tongaat Hulett component and R9.47 on the Hulamin component

NUMBER OF OPTIONS EXERCISED: 50 000 in respect of the Tongaat Hulett component and 50 000 in respect of the Hulamin component, which together equate to 51 102 Tongaat Hulett options

NUMBER OF SHARES SOLD: 51 102

SELLING PRICE: R 72.15

EXTENT OF INTEREST: Direct and beneficial

CLEARANCE TO TRANSACT: Yes

 

30 March 2009

Tongaat

 

Sponsor: Investec Bank Limited