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GraceKennedy Limited -Trading in Shares under the Cashless Settlement Option

GraceKennedy Limited (GK) has advised that 229, 170 GK shares were acquired by Senior Officers of the Company pursuant to the exercise of stock options.

GraceKennedy further advised that the trades were effected on November 15, 2016 and settled on November 18, 2016 pursuant to the participants’ indication of the exercise of their stock options.

The options exercised were under the cashless settlement option method under which participants were allocated stock units representative of the gain that they would have had on the sale of the shares at the strike price and current market values.

The 229, 170 shares represent 0.023% of the issued securities of the Company.