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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 Bruce McBride Company Merafe Resources Limited Date of transaction 02 December 2011 Nature of transaction Exercise of options and sale of shares Class of securities Ordinary shares
Exercise of Options Number of securities 566 202 Strike price 55 cents Strike date 1 December 2005 Vesting date 31 December 2008 Number of securities 2 233 798 Strike price 55 cents Strike date 1 December 2005 Vesting date 31 December 2009 Total value of transactions R 1 540 000.00 Nature of interest Direct beneficial Clearance obtained Yes Traded on/off market Off market trade Sale of Shares Number of securities 2 800 000 shares Selling price per share R0.9414 Total value of transaction R 2 635 920.00 Net Proceeds R1 095 920.00 Nature of interest Direct beneficial Clearance obtained Yes Traded on/off market On market trade Sandton 05 December 2011 Sponsor: Deutsche Securities SA (Proprietary) Limited Date: 05/12/2011 16:00:01 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.
