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 transactions by directors of Metair and its major subsidiaries are 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”). These Share Appreciation Rights have partially vested and have 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 on-market trade on
29 September 2015.

 DETAILS OF SALE OF SHARES
 Date of transaction                                               29 September 2015
 Nature of transaction                                             On-market sale of Shares
 Class of Share                                                    Ordinary shares
 Price per Share                                                   R29.1480
 Total number of Shares sold                                       20 558
 Total value of Shares sold                                        R599 224.58
 Written clearance to deal obtained                                Yes

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 exercised                      20 558
 Deemed value of Share Appreciation Rights on exercise R639 559.38 at a price of R31.11 per Share, being the 20 day
                                                       volume weighted average price as at 25 September 2015
 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           28 September 2015
 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

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. The nature of the interest of all Participants is direct
beneficial.

 Director             Company name           No. of Share       Deemed value         No. of          Value of
                                             Appreciation           of Share         Shares       Shares sold
                                                   Rights       Appreciation           sold            (Rand)
                                               exercised              Rights
                                                                   exercised
                                                                      (Rand)
 
 Dr L. Denner         Mutlu Holding                  6 362        197 921.82          6 362        185 439.58
                      Anonim Sirketi
 
 Mr C.J. Janse van    Mutlu Holding                  1 296         40 318.56          1 296         37 775.80 
 Rensburg             Anonim Sirketi                 
              
 Mr C.T. Loock        Metair                        12 900        401 319.00         12 900        376 009.20


Johannesburg
30 September 2015

Sponsor
One Capital

Date: 30/09/2015 04:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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