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Wed 4 Mar 2009, 12:42 SBV / SVN - Sabvest - Acceptance Of Share Appreciation Rights By Directors
SBV   SVN
SBV                                                                             
SBV / SVN - Sabvest - Acceptance Of Share Appreciation Rights By Directors      
SABVEST LIMITED                                                                 
(Incorporated in the Republic of South Africa)                                  
Registration number 1987/003753/06                                              
ISIN: ZAE000006417 - ordinary shares                                            
ISIN: ZAE000012043 - "N" ordinary shares                                        
Share code: SBV - ordinary shares                                               
Share code: SVN - "N" ordinary shares                                           
("Sabvest" or "the company")                                                    
ACCEPTANCE OF SHARE APPRECIATION RIGHTS BY DIRECTORS                            
Director:              Carl Philip Coutts-Trotter                               
Date of                3 March 2009                                             
transaction:                                                                    
Nature of              Acceptance of 150,000 share                              
transaction:           appreciation rights on 150,000                           
phantom `N` shares in Sabvest granted                     
                      in terms of the Sabvest Share                             
                      Appreciation Rights Scheme                                
Ultimate               `N` ordinary shares or cash or a                         
settlement method:     combination at the company`s election                    
Dates to vest and      One-third after 3, 4, 5 years                            
to be exercised:       respectively from date of grant to be                    
                      exercised up to 10 years from date of                     
grant                                                     
VWAP phantom           500 cents per share                                      
price:                                                                          
Nature of              Direct beneficial                                        
interest:                                                                       
Clearance              Yes                                                      
Obtained:                                                                       
                                                                                
Director:              Raymond Pleaner                                          
Date of                3 March 2009                                             
transaction:                                                                    
Nature of              Acceptance of 150,000 share                              
transaction:           appreciation rights on 150,000                           
                      phantom `N` shares in Sabvest granted                     
                      in terms of the Sabvest Share                             
                      Appreciation Rights Scheme                                
Ultimate               `N` ordinary shares or cash or a                         
settlement method:     combination at the company`s election                    
Dates to vest and      One-third after 3, 4, 5 years                            
to be exercised:       respectively from date of grant to be                    
exercised up to 10 years from date of                     
                      grant                                                     
VWAP phantom           500 cents per share                                      
price:                                                                          
Nature of              Direct beneficial                                        
interest:                                                                       
Clearance              Yes                                                      
Obtained:                                                                       
Sandton                                                                         
4 March 2009                                                                    
Sponsor                                                                         
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
Date: 04/03/2009 12:42:31 Produced by the JSE SENS Department.                  
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