METAIR INVESTMENTS LIMITED - Change to the board and director's dealings in securities

Change to the board and director's dealings in securities

METAIR INVESTMENTS LIMITED
Incorporated in the Republic of South Africa
Registration number: 1948/031013/06
Share code: MTA
ISIN code: ZAE000090692
(“Metair” or the “Company”)

CHANGE TO THE BOARD AND DIRECTOR’S DEALINGS IN SECURITIES

CHANGE TO THE BOARD

In compliance with paragraph 3.59 of the JSE Limited Listings Requirements, shareholders of Metair
(“Shareholders”) are hereby advised that Ms Nondumiso Medupe has been appointed as an independent
non-executive director of the Company and chairperson of the audit and risk committee with immediate
effect.

Ms Medupe is a qualified Chartered Accountant (South Africa) and holds a Bachelor of Accountancy from
the University of Durban Westville, a postgraduate diploma in Accountancy from the University of Kwa-Zulu
Natal and a certificate in Sustainability Leadership and Corporate Governance from the London Business
School.

Ms Medupe has over 15 years of non-executive director experience and is currently serving on a number
of boards including City Lodge Hotels Limited, Alexander Forbes Group Holdings Limited and Exxaro
Resources Limited. She also has experience chairing committees such as audit and risk, social and ethics
and remuneration. Ms Medupe has served in numerous executive roles including chief operating officer of
Nedbank Group Internal Audit, executive chairperson and partner of Nexia SAB&T, chief executive officer
of Indyebo Incorporated and she was also the co-founder and joint chief executive officer of Xabiso CA.

The board of directors of Metair welcomes Ms Medupe and looks forward to her contribution to the
Company.

DIRECTOR’S DEALINGS IN SECURITIES

In accordance with the requirements of paragraphs 3.63 to 3.66 of the JSE Limited Listings Requirements
(“Listings Requirements”), Metair hereby advises of the following acceptance of bonus shares in terms of
the Metair Investments Limited 2009 Share Plan, by a director of the Company.

  Director                                                       Mr S. Douwenga
  Date of award and date of acceptance of award                  12 June 2023
  Number of bonus shares awarded                                 433 369
  Deemed value of bonus shares on acceptance                     R7 999 991.74, at a price of R18.46
                                                                 per bonus share, being the previous
                                                                 day’s closing price as at 9 June 2023
  Total value of transaction                                     RNil
  Class of securities                                            Bonus shares awarded as retention
                                                                 bonus shares, which may be settled in
                                                                 cash or Metair ordinary shares on
                                                                 vesting
  Nature of transaction                                          Acceptance of bonus shares, for no
                                                                 consideration
  Nature of interest                                             Direct beneficial
  Vesting date                                                   12 June 2026
  Vesting period                                                 Bonus shares vest on the third
                                                                 anniversary of the award date, to the
                                                                 extent that any conditions attaching to
                                                                 the bonus shares have been met
  Transaction completed                                          Off-market
  Clearance obtained in terms of paragraph 3.66 of the Listings  Yes
  Requirements


Johannesburg
13 June 2023

Sponsor
One Capital

Date: 13-06-2023 04:45:00
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