METMAR LIMITED - Further postponement of finalisation annoncement

Further postponement of finalisation annoncement

 Metmar Limited                                        Traxys Africa Proprietary Limited
 (Incorporated in the Republic of South Africa)        (Incorporated in the Republic of South Africa)
 (Registration number 1998/007269/06)                  (Registration number 1992/002255/07)
 JSE Share Code: MML ISIN: ZAE000078747                ("Traxys")
 ("Metmar")




FURTHER POSTPONEMENT OF FINALISATION ANNOUNCEMENT




1.    FURTHER POSTPONEMENT OF FINALISATION ANNOUNCEMENT

      Metmar shareholders are referred to the announcement released on SENS on Thursday, 27
      August 2015 advising of a postponement of the finalisation announcement relating to the cash
      offer by Traxys to acquire all the issued shares of Metmar by way of a scheme of arrangement
      in terms of section 114 of the Companies Act 71 of 2008, as amended, (the "Scheme").

      While significant progress has been made with the fulfilment and/or waiver of the remaining
      outstanding conditions precedent to the Scheme, certain of the conditions precedent have not
      yet been fulfilled or waived and therefore Metmar is unfortunately not yet able to publish a
      revised timetable as previously anticipated. Metmar shareholders will be advised of the revised
      timetable as soon as it is possible to do so.        Metmar shareholders are reminded that the
      implementation agreement governing the Scheme provides that certain of the conditions
      precedent are to be satisfied on or before the long-stop date of 30 September 2015, which date
      may be extended by Traxys until 30 October 2015.

2.    TRAXYS RESPONSIBILITY STATEMENT

      Traxys (to the extent that the information relates to Traxys) accepts responsibility for the
      information contained in this announcement and, to the best of its knowledge and belief,
      confirms that the information is true and this announcement does not omit anything likely to
      affect the importance of the information included.

3.    INDEPENDENT BOARD RESPONSIBILITY STATEMENT

      The independent board of Metmar established to consider the Scheme (to the extent that the
      information relates to Metmar) accepts responsibility for the information contained in this
      announcement and, to the best of its knowledge and belief, confirms that the information is true
      and this announcement does not omit anything likely to affect the importance of the information
      included.

Bryanston

15 September 2015



Investment bank, corporate advisor and sponsor to Metmar: Nedbank CIB
Legal advisor to Metmar: Webber Wentzel
Legal advisor to Traxys: Edward Nathan Sonnenbergs Incorporated

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