METAIR INVESTMENTS LIMITED - Changes to the board of directors and board committee

Changes to the board of directors and board committee

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

CHANGES TO THE BOARD OF DIRECTORS AND BOARD COMMITTEE

In accordance with paragraph 3.59 of the Listings Requirements of the JSE Limited, Metair
shareholders are hereby advised of the following changes to the directors of the Metair board
(the “Board”) and members of the Company’s audit and risk committee.

1. Appointment to the Board and audit and risk committee

    Mr Billy Mawasha has been appointed as an independent non-executive director of the Board
    and member of the Company’s audit and risk committee with effect from
    1 March 2018.

    Mr Mawasha holds a Bachelor of Science in Electrical Engineering from the University of
    Cape Town and Government Certificates of Competency for Engineers both in Factories and
    Mines. He completed the Management Development Programme and the Accelerated
    Development Programme at the Gordon Institute of Business Science. He is the Richards
    Bay Managing Director and Rio Tinto Country Head for South Africa. He joined the Rio Tinto
    Group in July 2017. Mr Mawasha was previously the Executive Head of Operations and
    Integration at Kumba Iron Ore Limited (an Anglo American Company). He previously worked
    for the De Beers Group and AngloGold Ashanti Limited in South Africa and Ghana in
    leadership, operational and technical roles.

    Mr Mawasha serves on the board of Foskor (Pty) Limited and is passionate about education
    and the development of others. He is a member of the University of Witwatersrand Mining
    School Industry Advisory Council and the Sol Plaatje University Finance and Investment
    Committee. He is also serves on the board of Symphonia for South Africa, a national
    non-profit organization promoting quality education for children. In 2017, Mr Mawasha was
    selected as a Young Global Leader of the World Economic Forum.

2. Resignation from the audit and risk committee

    Mr Leslie Soanes will resign as a member of the Company’s audit and risk committee with
    effect from 1 March 2018.

    The Board would like to thank Mr Soanes for his valuable contribution to the audit and risk
    committee.


Johannesburg
22 February 2016

Sponsor
One Capital

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