THE BIDVEST GROUP LIMITED ("Bidvest" or "The Group")

(Incorporated in the Republic of South Africa) (Registration number 1946/021180/06)

JSE Share code: BVT

ISIN: ZAE000117321

ACCEPTANCE OF SHARE APPRECIATION RIGHTS ("SAR") BY THE COMPANY SECRETARY

In compliance with Rules 3.63 - 3.74 of the JSE Listing Requirements, the following information is disclosed:

The Company Secretary has accepted an allocation of SAR's in terms of the 2016 Bidvest Share Appreciation Rights Scheme as follows:

Company Secretary:

Ilze Roux

Number of Share Appreciation Rights:

75 000

Strike Price of Share Appreciation Rights:

R148.75

Total value:

R11 156 250

Date of Acceptance:

7 December 2020

Nature of transaction:

Acceptance of rights - off market; vesting from year

three onwards

Nature of interest:

Direct beneficial

Clearance in terms of para 3.66 of the listings requirements was obtained from the Remuneration Committee of The Bidvest Group Limited.

Date: 8 December 2020

Johannesburg

Sponsor: Investec Bank Limited

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The Bidvest Group Limited published this content on 08 December 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 December 2020 16:18:01 UTC