METAIR INVESTMENTS LIMITED - Annual General Meeting Announcement: Modification To Ordinary Resolution Number 6

Annual General Meeting Announcement: Modification To Ordinary Resolution Number 6

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


ANNUAL GENERAL MEETING ANNOUNCEMENT: MODIFICATION TO ORDINARY RESOLUTION NUMBER 6

Metair shareholders (“Shareholders”) are referred to the notice that has been distributed to
Shareholders regarding the annual general meeting of Shareholders (“AGM”) dated 24 March 2014
(the “Notice”), which meeting is to be held on Monday, 5 May 2014, at 14:00, at Metair's registered
office, 10 Anerley Road, Parktown, Johannesburg.

Reference in particular is made to the proposed ordinary resolution number 6 contained in the Notice
relating to the authority to be granted to the directors to allot and issue 29 184 969 ordinary shares,
representing 15% of the Company’s listed equity (excluding treasury shares) as at the date of the
Notice until the next annual general meeting (the “Resolution”).

Certain Shareholders have indicated that they feel the authority sought by the Resolution is too
extensive and that the authority granted should be limited to 19 456 645 ordinary shares, representing
10% of the Company’s listed equity (excluding treasury shares). The Company acknowledges the
concern raised by these Shareholders.

Accordingly, the Company hereby proposes and will at the AGM on 5 May 2014 propose, a
modification to the Resolution by replacing the words contained in the Resolution:

      “…to allot and issue 29 184 969 ordinary shares, representing 15% of the Company’s listed
      equity (excluding treasury shares)…”

with the following words:

      “…to allot and issue 19 456 645 ordinary shares, representing 10% of the Company’s listed
      equity (excluding treasury shares)…”.

Any existing proxy forms lodged by Shareholders for the AGM will remain valid and binding, unless
the holder elects to withdraw same and submit a revised proxy form (which Shareholders are entitled
to do) in accordance with the procedures set out in the Notice.

The record date for the meeting remains unchanged.

Johannesburg
25 April 2014

Sponsor:
One Capital

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