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EDGARS CONSOLIDATED STORES LIMITED - DEALING IN SECURITIES BY A DIRECTOR
EDGARS CONSOLIDATED STORES LIMITED
`Edcon`
(Reg. No. 1946/022751/06)
(Incorporated in the Republic of South Africa)
Share Code : ECO ISIN Code : ZAE000018388
DEALING IN SECURITIES BY A DIRECTOR
For financial planning purposes Mr S.M. Ross, Executive Director and Chief
Executive Officer of Edcon, has sold 108 500 Edcon shares and purchased 41 500
Edcon shares over which he had options issued to him on 1 October 1998, the
final tranche of which vested on 1 September 2002. We hereby advise the
following details of these transactions in compliance with paragraph 3.63 of the
Listings Requirements of the JSE Securities Exchange South Africa (`the Listings
Requirements`):
Transaction Date : 16 August 2004
Number of shares : 108 500
Nature of Transaction : Sale on the open market
Class of security : Ordinary shares of 10 cents
each
Price per share : 16024 cents
Total Value : R17 386 040.00
Option Strike Price : 2061 cents per share
Option Strike Date : 1 October 1998
Vesting Periods : 20% on option strike date and a further 20% per annum
until 1 September 2002, provided all options are
purchased by no later than 10 years after the option
strike date
Nature of Interest : Directly beneficial
Transaction Date : 16 August 2004
Number of shares : 41 500
Nature of Transaction : Purchase of options
Class of security : Ordinary shares of 10 cents
each
Price per share : R20.61 cents
Total Value : R855 315.00
Option Strike Price : 2061 cents per share
Option Strike Date : 1 October 1998
Vesting Periods : 20% on option strike date and a further 20% per annum
until 1 September 2002, provided all options are
purchased by no later than 10 years after the option
strike date
Nature of Interest : Directly beneficial
The above options constitute approximately 18.75% of Mr Ross` total remaining
options.
In terms of paragraph 3.66 of the Listings Requirements prior clearance to deal
in the above securities has been obtained from Mr W S MacFarlane, Chairman of
the Board of Edcon.
17 August 2004
Johannesburg
Sponsor
Cazenove
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