MERAFE RESOURCES LIMITED - Dealings in Securities by a Director of Merafe

Dealings in Securities by a Director 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 A DIRECTOR 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 2017. 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
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                   R1.2217
Total value of shares vesting:           R1 818 602
Total settlement value:                  R1 818 602
Type of trade:                           Off market
Class of security:                       Ordinary shares
Extent of director's
interest in the transaction:             Direct beneficial
Clearance obtained:                      Yes


Sandton
15 June 2017

Sponsor:
Merrill Lynch South Africa Proprietary Limited

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