Company Directors Report

COMPANY: SEARDEL INVESTMENTS

-The primariy analysis is in USD. Remuneration is also shown in ZAR to accurately reflect felt increases.

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CEO Biography - USD:

Year End:Director Surname:Director Name:Director Gender:Full Year on Board?:Full year in position?:
2012 Queen Stuart Male Yes Yes
2013 Queen Stuart Male Yes Yes
2014 Queen Stuart Male Yes Yes
2015 Queen Stuart Male No No
2015 Govender TG (Kevin) Male Yes Yes
2016 Govender TG (Kevin) Male Yes Yes
2017 Govender TG (Kevin) Male Yes Yes

CEO Remuneration - USD:

Financial Year:Salary:Benefits:Cash BonusOther:Total Annual:LTI Payment:Total Including LTI:
2012 403,639 0 0 0 403,639 0 403,639
2013 370,907 0 139,694 0 510,601 265,253 775,854
2014 331,188 0 0 0 331,188 0 331,188
2015 483,906 4,521 421,700 45,389 955,515 188,336 1,143,852
2016 216,090 7,604 35,642 41,208 300,543 101,833 402,376
2017 251,488 0 125,744 43,527 420,759 143,899 564,658

Executive Director Remuneration - USD:

Financial Year:No. of EDs:Total Salary:Cash BonusOther:Total Annual:
2012 3 683,288 746,631 227,763 248,877
2013 3 634,865 895,995 211,622 298,665
2014 4 805,545 880,000 201,386 220,000
2015 6 851,175 1,684,268 141,863 280,711
2016 2 368,432 476,714 184,216 238,357
2017 2 426,786 725,967 213,393 362,984

Non-Executive Director Remuneration - USD:

Financial Year:No. of NEDs:Total Fees:Average Fees
2012 7 96,631 13,804
2013 6 82,803 13,801
2014 6 67,921 11,320
2015 5 625,678 125,136
2016 4 517,244 129,311
2017 4 576,042 144,010

CEO Remuneration - ZAR:

Financial Year:Salary:Benefits:Cash BonusOtherTotal AnnualLTI PaymentTotal Including LTI
2012 2,995,000 0 0 0 2,995,000 0 2,995,000
2013 3,149,000 0 1,186,000 0 4,335,000 2,252,000 6,587,000
2014 3,345,000 0 0 0 3,345,000 0 3,345,000
2015 5,352,000 50,000 4,664,000 502,000 10,568,000 2,083,000 12,651,000
2016 3,183,000 112,000 525,000 607,000 4,427,000 1,500,000 5,927,000
2017 3,380,000 0 1,690,000 585,000 5,655,000 1,934,000 7,589,000

Executive Director Remuneration - ZAR:

Financial Year:No. of EDs:Total Salary:Total Annual RemunerationAverage SalaryAverage Remuneration
2012 3 5,070,000 5,540,000 1,690,000 1,846,667
2013 3 5,390,000 7,607,000 1,796,667 2,535,667
2014 4 8,136,000 8,888,000 2,034,000 2,222,000
2015 6 9,414,000 18,628,000 1,569,000 3,104,667
2016 2 5,427,000 7,022,000 2,713,500 3,511,000
2017 2 5,736,000 9,757,000 2,868,000 4,878,500