Glenrand M I B Limited
(Incorporated in the Republic of South Africa)
(Registration number 1997/008001/06)
Share Code: GMB ISIN : ZAE000018529
(`Glenrand M I B`)
GRANTING AND ACCEPTANCE OF SHARE OPTIONS
In compliance with rule 3.63 to 3.74 of the JSE Securities Exchange South Africa
Listing Requirements, the following information relating to the granting and
acceptance of share options is disclosed:
Name: Mr E S G von Roretz
Designation: Chief Operating Officer of
Glenrand M I B
Date of transaction: 18 October 2004
Nature of transaction: Granting and acceptance of share
options
Strike price: R3,17 per option
Number of options granted and accepted: 400 000
Value of options granted and accepted: R1 268 000
Vesting period: Options are exercisable as follows: 35%
of the options after three years, up to
70% after four years, and up to 100%
after five years, with any unexercised
options expiring after seven years.
Nature and extent of interest: Direct beneficial
Name: Mrs T Boesch
Designation: Financial Director of Glenrand M I B
Date of transaction: 18 October 2004
Nature of transaction: Granting and acceptance of options
Strike price: R3,17 per option
Number of options granted and accepted: 200 000
Value of options granted and accepted: R634 000
Vesting period: Options are exercisable as follows: 35%
of the options after three years, up to
70% after four years, and up to 100%
after five years, with any unexercised
options expiring after seven years.
Nature and extent of interest: Direct beneficial
Johannesburg
20 October 2004
Sponsor
Nedbank Capital
Date: 20/10/2004 02:15:05 PM
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