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”)

DIRECTORS’ DEALINGS IN SECURITIES

In accordance with the requirements of paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements (“Listings
Requirements”), the following off-market transactions by directors of Metair and its major subsidiaries (“Participants”) are
hereby disclosed.

1. ALLOCATION OF SHARE APPRECIATION RIGHTS

The terms and conditions of the share appreciation rights (“SARs”) are:

 Date of award                                                      25 November 2016
 Number of SARs awarded to Participants                             402 884
 Price paid per SAR                                                 Nil
 Total value of transaction                                         Nil
 Allocation price per SAR                                           R20.02
 Nature of transaction                                              Acceptance of awards
 First vesting date                                                 25 November 2019
 Vesting period                                                     In equal thirds on 3rd, 4th and 5th anniversaries but need not
                                                                    be exercised until the 6th anniversary
 Transaction completed on market                                    No
 Clearance obtained in terms of paragraph 3.66 of the               Yes
 Listings Requirements

The details of the allocation of the SARs per Participant are set out below. The nature of the interest of all Participants is direct
beneficial.


                                                                           No. of SARs
Director                           Company name
                                                                            accepted

Mr G. Paker                        Mutlu Holding Anonim Sirketi                     71 252
Mr T. Tulgar                       Mutlu Holding Anonim Sirketi                     12 051
Mr M. Aksel Bukagikiran            Mutlu Holding Anonim Sirketi                     12 753
Mr A. Ozutku                       Mutlu Holding Anonim Sirketi                      9 640
Mr H. Demir                        Mutlu Holding Anonim Sirketi                     12 546
Mr Y. Kaptan                       Mutlu Holding Anonim Sirketi                     17 034
Mr H. Okur                         Mutlu Holding Anonim Sirketi                     13 537

Mr O. Ogetbil                      Mutlu Holding Anonim Sirketi                     12 175
Mr E. Tavukcu                      Mutlu Holding Anonim Sirketi                      6 285
Mr O. Bekiroglu                    Mutlu Holding Anonim Sirketi                     13 546
Mr S. Yilmaz                       Mutlu Holding Anonim Sirketi                      9 294
Mr D. Seker                        Mutlu Holding Anonim Sirketi                     14 148
Mr C.T. Loock                      Metair                                          120 124
Mr S. Douwenga                     Metair                                           59 101
Mr A. Jogia                        Metair                                            9 338
Ms S.M. Vermaak                    Metair                                           10 060


2. EXERCISE AND VESTING OF BONUS SHARES

On 26 November 2013, Metair ordinary shares (“Shares”) were conditionally granted (“Bonus Shares”), to Mr Loock in
accordance with the Metair Investments Limited 2009 Share Plan. These Bonus Shares have vested and have been
exercised by Mr Loock pursuant to which Mr Loock received Shares at no cost.

 DETAILS OF EXERCISE OF BONUS SHARES
 Total number of Shares exercised/settled                 150 000
 Deemed value of Bonus Shares on exercise                 20.99 being the closing price on 25 November 2016
                                                          R3 148 500
 Class of securities                                      Ordinary shares
 Nature of transaction                                    Settlement of Bonus Shares at no cost
 Date of award                                            26 November 2013
 Date of Bonus Shares exercised/settled                   28 November 2016
 Vesting period                                           Bonus Shares vest on the 3rd anniversary of the award date
 Clearance obtained in terms of paragraph 3.66 of the     Yes
 Listings Requirements
 Nature of interest                                       Direct beneficial



Johannesburg
29 November 2016

Sponsor
One Capital

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