Directors' Dealings

    RNS Number : 3820H
  Petmin Limited
  04 November 2008
   


 For Immediate Release  4 November 2008

        
    JSE: PET
    AIM: PTMN
                        
    Petmin Limited
    ('Petmin', 'the company' or 'the group')

    DEALING IN SECURITIES BY DIRECTORS

    In compliance with rule 3.63 of the JSE Limited Listings Requirements, the following information is disclosed Petmin having been
notified of these transactions on 30 October 2008:

 Name of director:               Mr JA Strijdom (Non Executive Director)
 Name of company of which he is  Petmin Limited
 a director:
 Date transaction was effected:  The options were granted on 29 November
                                 2004 and expire in August 2009 and
                                 exercised on 30 October 2008
 Nature of transaction:          Exercise of options in terms of an option
                                 agreement.
 Class of security:              Option to acquire ordinary shares
 Number of securities:           250,000
 Strike price (cents):           45
 Payment terms:                  On or prior to 4 November 2008
 Dates of release of the shares  7 November 2008
 (assuming payment has been
 made):
 Total value of transaction:     R112,500
 Nature of director's interest   Direct beneficial

 Name of director:               Mr E de Villiers Greyling (Non Executive
                                 Director)
 Name of company of which he is  Petmin Limited
 a director:
 Date transaction was effected:  The options were granted on 29 November
                                 2004 and expire in August 2009  and
                                 exercised on 30 October 2008
 Nature of transaction:          Exercise of options in terms of an option
                                 agreement
 Class of security:              Option to acquire ordinary shares
 Number of securities:           250,000
 Strike price (cents):           45
 Payment terms:                  On or prior to 4 November 2008
 Dates of release of the shares  7 November 2008
 (assuming payment has been
 made):
 Total value of transaction:     R112,500
 Nature of director's interest   Direct beneficial

 Name of director:               L Mogotsi (Executive Director)
 Name of company of which he is  Petmin Limited
 a director:
 Date transaction was effected:  The options were granted on 29 November
                                 2004 and expire in August 2009 and
                                 exercised on 30 October 2008
 Nature of transaction:          Exercise of options in terms of an option
                                 agreement
 Class of security:              Option to acquire ordinary shares
 Number of securities:           250,000
 Strike price (cents):           45
 Payment terms:                  On or prior to 4 November 2008
 Dates of release of the shares  7 November 2008
 (assuming payment has been
 made):
 Total value of transaction:     R112,500
 Nature of director's interest   Direct beneficial

 Name of director:               A Martin (Non-Executive Director) through
                                 his interest in Dark Capital (Pty) Ltd,
                                 Petmin's anchor BEE shareholder.
 Name of company of which he is  Petmin Limited
 a director:
 Date transaction was effected:  The options were granted on 30 November
                                 2005 as published in the circular to
                                 shareholders dated 7 November 2005 and
                                 expire on 31 October 2008 and were
                                 exercised on 30 October 2008
 Nature of transaction:          Grant of options in terms of a specific
                                 issue of shares approved by shareholders
                                 on 30 November 2005
 Class of security:              Option to acquire ordinary shares
 Number of securities:           7,000,000
 Strike price (cents):           65
 Payment terms:                  On or prior to 6 November 2008
 Dates of release of the shares  7 November 2008
 (assuming payment has been
 made):
 Total value of transaction:     R4,550,000
 Nature of director's interest   Indirect and non-benefical

 Name of director:               MR Snelling (Executive Director of Springlake Holdings
                                 Proprietary Limited ("Springlake"), a wholly owned subsidiary
                                 of Petmin Limited)
 Name of company of which he is  Springlake
 a director:
 Date transaction was effected:  On 30 November 2005 as part of the Springlake acquisition as
                                 published in the Circular to Shareholders dated 7 November 2005
 Nature of transaction:          Issue of shares in terms of a resolution approved by
                                 shareholders on 30 November 2005. The shares are issued for the
                                 finalization of the acquisition of Springlake Holdings
                                 Proprietary Limited Shares. The shares are issued in final
                                 settlement and was subject to the achievement of certain
                                 milestones. Petmin has no further obligations to issue shares
                                 pursuant to the Springlake Transaction. 
 Class of security:              Ordinary shares
 Number of securities:           1 000 000
 Issue price (cents):            60

 Dates of release of the         7 November 2008
 shares: 
 Total value of transaction:     R600 000,00
 Nature of director's interest   Direct and benefical

 Name of director:               BT Tanner (Executive Director of
                                 Springlake Holdings Proprietary Limited,
                                 a wholly owned subsidiary of Petmin
                                 Limited)
 Name of company of which he is  Springlake Holdings Proprietary Limited
 a director:
 Date transaction was effected:  On 30 November 2005 as part of the
                                 Springlake Holdings Ltd acquisition as
                                 published in the Circular to Shareholders
                                 dated 7 November 2005
 Nature of transaction:          Issue of shares in terms of a resolution
                                 approved by shareholders on 30 November
                                 2005. The shares are issued for the
                                 finalization of the acquisition of
                                 Springlake Holdings Proprietary Limited
                                 Shares. The shares are issued in final
                                 settlement and was subject to the
                                 achievement of certain milestones. Petmin
                                 has no further obligations to issue
                                 shares pursuant to the Springlake
                                 Transaction. 
 Class of security:              Ordinary shares
 Number of securities:           730 000
 Issue price (cents):            60

 Dates of release of the shares  7 November 2008
 (assuming payment has been
 made):
 Total value of transaction:     R438 000,00
 Nature of director's interest   Direct and benefical


 Name of director:               R Pinheiro (Executive Director of
                                 Springlake Holdings Proprietary Limited, a
                                 wholly owned subsidiary of Petmin Limited)
 Name of company of which he is  Springlake Holdings Proprietary Limited
 a director:
 Date transaction was effected:  On 30 November 2005 as part of the
                                 Springlake Holdings Ltd acquisition as
                                 published in the Circular to Shareholders
                                 dated 7 November 2005
 Nature of transaction:          Issue of shares in terms of a resolution
                                 approved by shareholders on 30 November
                                 2005. The shares are issued for the
                                 finalization of the acquisition of
                                 Springlake Holdings Proprietary Limited
                                 Shares. The shares are issued in final
                                 settlement and was subject to the
                                 achievement of certain milestones. Petmin
                                 has no further obligations to issue shares
                                 pursuant to the Springlake Transaction. 
 Class of security:              Ordinary shares
 Number of securities:           500 000
 Issue price (cents):            60
 Dates of release of the shares  7 November 2008
 assuming payment has been
 made):
 Total value of transaction:     R300 000,00
 Nature of director's interest   Direct and benefical


    Shareholders are further advised that an employee of the Company has exercised 30 000 Petmin share options at 65 cents per share in
terms of the Petmin Share Option Scheme and a further 237 000 ordinary shares are to be issued to N. Rampago  at 60 cents per share in final
settlement of the Springlake Holdings (Pty) Ltd acquisition.

    2 000 000 Petmin shares currently held as treasury stock will be utilized to partially fulfill the abovementioned obligation. New shares
will be listed for the balance.

    Clearance for these transactions was provided in terms of section 3.66 of the JSE Listings Requirements.

    04 November 2008
    Johannesburg

    Sponsor
    River Group

    www.petmin.co.za

    Enquiries:

 Petmin Limited                          [phone]
 Bradley Doig, Chief Operating Officer

 Nominated Adviser 
 Numis Securities Limited               [phone]
 John Harrison

 Sponsor
 River Group                             [phone]
 Casper van Wyk

 Parkgreen Communications               [phone]
 Sue Scott / Leah Kramer



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