METAIR INVESTMENTS LIMITED - Directors dealings in securities

Directors’ dealings in securities

METAIR INVESTMENTS LIMITED
Reg No. 1948/031013/06
(Incorporated in the Republic of South Africa)
Share code : MTA
ISIN code : ZAE000090692
(“Metair” or “the Company”)

DIRECTORS’ DEALINGS IN SECURITIES

In terms of paragraph 3.63 of the Listings Requirements of the JSE Limited
(“Listings Requirements”), we hereby advise of the following acceptances of
the share appreciation rights (“SARs”), which may be settled in cash or
Metair shares, in terms of The Metair Investments Limited 2009 Share Plan by
directors of the Company and its major subsidiaries.

The terms and conditions of the SARs are:

Date of allocation                     13 November 2012
Number of SARs                         224 542
Price paid per SAR                     Nil
Total value of transaction             Nil
Allocation price per SAR               R30.79
Nature of transaction                  Acceptance of SAR awards
First vesting date                     13 November 2015
Vesting period                         In equal thirds on the 3rd, 4th and
                                       5th anniversaries but need not be
                                       exercised until the 6th anniversary
Transaction completed on market        No
Clearance   obtained   in   terms   of Yes
paragraph   3.66   of   the   Listings
Requirements

The SARs were accepted by the following directors of Metair and its major
subsidiaries:

                                                  No. of SARs    Nature of
Director          Company name                    accepted       interest
                  Smiths Manufacturing   (Pty)                   Direct
Mr K. Lello       Ltd                                  22,110    beneficial
                  Smiths Manufacturing   (Pty)                   Direct
Mr S. Camphor     Ltd                                   4,523    beneficial
Mr F.             Smiths Manufacturing   (Pty)                   Direct
Ziemkendorf       Ltd                                   4,538    beneficial
Mr J.             Smiths Manufacturing   (Pty)                   Direct
Esterhuizen       Ltd                                   8,749    beneficial
                  Smiths Manufacturing   (Pty)                   Direct
Mr S. Konar       Ltd                                   4,809    beneficial
                                                 No. of SARs   Nature of
Director           Company name                  accepted      interest
                   Smiths Manufacturing (Pty)                  Direct
Mr N. Oxenham      Ltd                                 4,652   beneficial
                   Smiths Manufacturing (Pty)                  Direct
Mr P. Vermaak      Ltd                                 4,236   beneficial
                                                               Direct
Mr L. Denner       Metindustrial (Pty) Ltd            22,004   beneficial
                                                               Direct
Ms H. McLachlan    Metindustrial (Pty) Ltd             6,889   beneficial
Mr R.                                                          Direct
Bezuidenhout       Metindustrial (Pty) Ltd             6,665   beneficial
                                                               Direct
Mr J. Ward         Metindustrial (Pty) Ltd             3,571   beneficial
                                                               Direct
Mr A. Webb         Metindustrial (Pty) Ltd             6,218   beneficial
                                                               Direct
Mr M. Slattery     Metindustrial (Pty) Ltd             6,614   beneficial
                                                               Direct
Mr N. Mavhungu     Metindustrial (Pty) Ltd             6,751   beneficial
                                                               Direct
Mr A. Becker       Metindustrial (Pty) Ltd            19,793   beneficial
                                                               Direct
Mr B. Sivlal       Metindustrial (Pty) Ltd             7,392   beneficial
                                                               Direct
Mr C. Ellison      Metindustrial (Pty) Ltd             6,144   beneficial
                                                               Direct
Mr M. de Lange     Metindustrial (Pty) Ltd             7,857   beneficial
                                                               Direct
Mr M. Barley       Metindustrial (Pty) Ltd             6,834   beneficial
                                                               Direct
Mr C.T. Loock      Metair                             44,277   beneficial
                                                               Direct
Mr B.M. Jacobs     Metair                             19,916   beneficial



Johannesburg
14 November 2012

Sponsor:
One Capital

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