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 transaction by a director of Metair is hereby disclosed.

On 26 September 2011, Metair ordinary shares (“Shares”) were conditionally granted (“Share Appreciation Rights”), to certain
of the directors of Metair and its major subsidiaries (“Participants”) in accordance with The Metair Investments Limited 2009
Share Plan (“Share Plan”). The last third of this grant of Share Appreciation Rights has vested and has been exercised by the
below Participant pursuant to which the Participant received Shares at no cost.

Director                                                       Mr C.T. Loock
Total number of Shares exercised                               3 861
Deemed value of Share Appreciation Rights on exercise          R72 432.36 at a price of R18.76 per Share, being the 20 day
                                                               VWAP as at 26 September 2017
Class of securities                                            Ordinary shares
Nature of transaction                                          Off-market acquisition of Shares pursuant to the exercise of
                                                               Share Appreciation Rights at no cost
Date of award                                                  26 September 2011
Date of Share Appreciation Rights exercised                    26 September 2017
Vesting period                                                 In equal thirds on the 3rd, 4th and 5th anniversaries but need
                                                               not be exercised until the 6th anniversary
Written clearance to deal obtained                             Yes
Nature of interest                                             Direct beneficial


Johannesburg
26 September 2017

Sponsor
One Capital

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