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MRF - Merafe Resources Limited - Director`s share dealings MERAFE RESOURCES LIMITED (Incorporated in the Republic of South Africa) (Registration number 1987/003452/06 Share Code: MRF ISIN: ZAE000060000 ("Merafe Resources" or "the Company") DIRECTOR`S SHARE DEALINGS In accordance with the requirements of paragraph 3.63 to 3.74 of the JSE Listings Requirements the following information is disclosed: Director Stuart Elliot Company Merafe Resources Limited Date of transaction 18 November 2011 Nature of transaction Exercise of options and sale of shares Class of securities Ordinary shares
Exercise of Options Number of securities 8 736 Strike price 45 cents Strike date 3 October 2002 Vesting date 31 December 2007 Number of securities 10 072 398 Strike price 55 cents Strike date 1 December 2005 Vesting dates 31 December 2008 - 3 357 466 31 December 2009 - 3 357 466
31 December 2010 - 3 357 466 Number of securities 884 217 Strike price 56.5 cents Strike date 30 June 2006 Vesting dates 30 June 2009 - 294 739 30 June 2010 - 294 739 30 June 2011 - 294 739
Total value of transactions R 6 043 332.71 Nature of interest Direct beneficial Clearance obtained Yes Traded on/off market Off market trade Sale of Shares Number of securities 10 965 351 shares Selling price per share R1.00 Total value of transactions R 10 965 351.00 Net Proceeds R 4 922 018.29 Nature of interest Direct beneficial Clearance obtained Yes Traded on/off market On market trade Sandton 21 November 2011 Sponsor: Deutsche Securities SA (Proprietary) Limited Date: 21/11/2011 14:28:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.
