MASTER DRILLING GROUP LIMITED - Acceptance of Awards by Executive Director and Prescribed Officer

Acceptance of Awards by Executive Director and Prescribed Officer

Master Drilling Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 2011/008265/06)
JSE share code: MDI
ISIN: ZAE000171948
("Master Drilling" or the "Company")

Acceptance of Awards by Executive Director and Prescribed Officer

In compliance with rules 3.63 and 3.66 of the Listings Requirements of the JSE Limited the following is
disclosed:

Name:                                    Daniel Coenraad Pretorius – Executive Director
Nature of transaction:                   Off-market acceptance of options granted on 4 December
                                         2023 in respect of the Master Drilling Share Option Plan
Acceptance date:                         18 January 2024
Number of Shares allocated:              500 000 ordinary shares
Grant Price:                             R1,27
Vesting:                                 To commence no earlier than 1 December 2026 but no later
                                         than 1 December 2033.
Deemed value*:                           R5 715 000.00
Nature of Interest:                      Direct, Beneficial
Clearance received:                      Yes

Name:                                    Roelof Johannes Swanepoel – Prescribed Officer
Nature of transaction:                   Off-market acceptance of options granted on 4 December
                                         2023 in respect of the Master Drilling Share Option Plan
Acceptance date:                         18 January 2024
Number of Shares allocated:              209 758 ordinary shares
Grant Price:                             R1,27
Vesting:                                 To commence no earlier than 1 December 2026 but no later
                                         than 1 December 2033.
Deemed value*:                           R2 397 533.94
Nature of Interest:                      Direct, Beneficial
Clearance received:                      Yes

*Deemed value is based on the market price as at the date preceding the Company's Remuneration
Committee approval. The final award value will be based on the share price at the time of vesting.


Fochville
19 January 2024

Sponsor
Investec Bank Limited

Date: 19-01-2024 04:30:00
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