Deneb Investments Limited (JSE:DNB) News - Acceptance Of Options Granted In Terms Of The Deneb Investments Employee Share Scheme DENEB INVESTMENTS LIMITED Registration number: 2013/091290/06 (Incorporated in the Republic of South Africa) JSE share code: DNB ISIN: ZAE000197398 (“Deneb” or the “Company”) ACCEPTANCE OF OPTIONS GRANTED IN TERMS OF THE DENEB INVESTMENTS EMPLOYEE SHARE SCHEME In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the following information is disclosed: 1. NAME OF DIRECTOR S A Queen COMPANY OF WHICH I AM A DIRECTOR Deneb STATUS: EXECUTIVE/NON-EXECUTIVE Executive TYPE OF SECURITIES Options to subscribe for ordinary shares CLASS OF SECURITIES Ordinary DATE OF SHARE OPTION ACCEPTANCE 29 June 2022 OPTION STRIKE PRICE (CENTS) 211 NUMBER OF OPTIONS ALLOCATED 2,116,260 TOTAL RAND VALUE OF OPTIONS R4,465,308.60 VESTING DATES OF OPTIONS The options will vest in 4 tranches, on the following dates: 10% from 29 June 2023 20% from 29 June 2024 30% from 29 June 2025 40% from 29 June 2026 PERIOD OF EXERCISE 5 years from grant of options NATURE AND EXTENT OF INTEREST IN Direct, beneficial TRANSACTION NATURE OF TRANSACTION Acceptance of options to subscribe for ordinary shares in terms of a share incentive scheme (off-market transaction) CLEARANCE OBTAINED Yes 2. NAME OF DIRECTOR G D T Wege COMPANY OF WHICH I AM A DIRECTOR Deneb STATUS: EXECUTIVE/NON-EXECUTIVE Executive TYPE OF SECURITIES Options to subscribe for ordinary shares CLASS OF SECURITIES Ordinary DATE OF SHARE OPTION ACCEPTANCE 29 June 2022 OPTION STRIKE PRICE (CENTS) 211 NUMBER OF OPTIONS ALLOCATED 966,126 TOTAL RAND VALUE OF OPTIONS R2,038,525.86 VESTING DATES OF OPTIONS The options will vest in 4 tranches, on the following dates: 10% from 29 June 2023 20% from 29 June 2024 30% from 29 June 2025 40% from 29 June 2026 PERIOD OF EXERCISE 5 years from grant of options NATURE AND EXTENT OF INTEREST IN Direct, beneficial TRANSACTION NATURE OF TRANSACTION Acceptance of options to subscribe for ordinary shares in terms of a share incentive scheme (off-market transaction) CLEARANCE OBTAINED Yes Cape Town 30 June 2022 Sponsor PSG Capital Date: 30-06-2022 04:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.