METAIR INVESTMENTS LIMITED - Director's Dealings In Securities

Director's 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 are hereby disclosed.

On 7 December 2009 and 25 November 2010, 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. These Share Appreciation Rights have now vested with and been exercised by the
Participants pursuant to which the Participants received Shares at no cost.

In order to facilitate the disposal of these Shares received by the Participants in an orderly fashion, the Participants have entered
into a pooled sale in terms of which the Participant's Shares were disposed through a single arranged off-market trade on
9 December 2013.

Further details of the exercise of the Share Appreciation Rights, the related receipt of Shares and sale of Shares are provided
below:

 DETAILS OF EXERCISE OF SHARE APPRECIATION RIGHTS
 Total number of Shares acquired                 1,140,527
 Deemed value of the transaction on exercise     R43,191,757.49 at a price of R37.87 per Share being the 20
                                                 day VWAP of Shares as at the exercise date
 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 transaction                             9 December 2013
 Written clearance to deal obtained              Yes

 DETAILS OF SALE OF SHARES
 Total number of Shares sold by directors        1,052,327
 Date of transaction                             9 December 2013
 Nature of transaction                           Off-market sale of Shares
 Class of Share                                  Ordinary shares
 Price per Share                                 R36.55
 Total number of Shares sold                     1,052,327
 Total value of Shares sold                      R38,462,551.85
 Written clearance to deal obtained              Yes


Details of the exercise of the Share Appreciation Rights, the related receipt of Shares and sale of Shares by directors of Metair
and its major subsidiaries who were Participants are tabled below:

 Director                  Company name                  No. of Share Deemed value      No. of       Value of          Nature of
                                                         Appreciation     of Share     Shares         Shares            interest
                                                               Rights Appreciation       sold            sold
                                                           exercised        Rights                    (Rand)
                                                                         exercised
                                                                            (Rand)
 Mr L. Denner              Metindustrial (Pty) Ltd           106 581     4 036 222     106 581       895 536     Direct beneficial
 Mr A. Webb                Metindustrial (Pty) Ltd             9 166       347 116       9 166       335 017     Direct beneficial
 Mr M. Slattery            Metindustrial (Pty) Ltd             9 593       363 287       9 593       350 624     Direct beneficial
 Mr R.                     Metindustrial (Pty) Ltd
                                                               9 719       368 059       9 719       355 229     Direct beneficial
 Bezuidenhout
 Ms H. McLachlan           Metindustrial (Pty) Ltd            10 210       386 653           -             -     Direct beneficial
 Mr A. Becker              Metindustrial (Pty) Ltd
                                                             113 030     4 280 446                 4 131 247     Direct beneficial
                                                                                       113 030
 Mr B. Sivlal              Metindustrial (Pty) Ltd            50 990     1 930 991           -             -     Direct beneficial
 Mr C. Ellison             Metindustrial (Pty) Ltd
                                                              12 925       489 470                   472 409     Direct beneficial
                                                                                        12 925
 Mr M. Barley              Metindustrial (Pty) Ltd
                                                              50 085     1 896 719                 1 830 607     Direct beneficial
                                                                                        50 085
 Mr J. Esterhuizen         Smiths Manufacturing
                                                              57 488     2 177 071      57 488     2 101 186     Direct beneficial
                           (Pty) Ltd
 Mr K. Lello               Smiths Manufacturing
                                                             115 519     4 374 705     115 519     4 222 219     Direct beneficial
                           (Pty) Ltd
 Mr C.T. Loock             Metair                            197 016     7 460 996     170 016     6 214 085     Direct beneficial
 Mr B.M. Jacobs            Metair                            398 205    15 080 023     398 205    14 554 393     Direct beneficial




Johannesburg
10 December 2013

Sponsor
One Capital

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