MERAFE RESOURCES LIMITED - Dealings in Securities by Directors of Merafe

Dealings in Securities by Directors of Merafe

MERAFE RESOURCES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1987/003452/06
Share Code: MRF
ISIN: ZAE000060000
(“Merafe”)

DEALINGS IN SECURITIES BY DIRECTORS OF MERAFE

In compliance with paragraphs 3.63 – 3.66 of the Listings Requirements of the
JSE Limited the following information is provided:

Vesting of shares in terms of the Share Incentive Scheme

In terms of the Merafe Share Incentive Scheme (“Scheme”) the following grant
shares vest on 13 June 2015 and the company has the right, at its election,
either to issue new shares or settle in cash. The company has opted to settle
the respective grant shares in cash.

Name of director:                         Zanele Matlala
Transaction date:                         12 June 2015
Nature of transaction:                    Vesting of shares in terms of the
                                          Scheme
Number of shares vested:                  1 488 583
Issued price per share:                   Nil
Strike price per share:                   80.74 cents
Total value of shares vesting:            R1 201 882
Total settlement value:                   R1 201 882
Type of trade:                            Off market
Class of security:                        Ordinary shares
Extent of director's
interest in the transaction:              Direct beneficial

Clearance to deal was granted.

Sandton
17 June 2015

Sponsor:
Merrill Lynch South Africa Proprietary Limited

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