MML - Metmar Limited - Metmar secures increased trade lines

MML - Metmar Limited - Metmar secures increased trade lines                     
METMAR LIMITED                                                                  
(Incorporated in the Republic of South Africa)                                  
(Registration number 1998/007269/06)                                            
Share code: MML                                                                 
ISIN code: ZAE000078747                                                         
("Metmar" or "the Company")                                                     
METMAR SECURES INCREASED TRADE LINES                                            
Metmar shareholders are advised that despite challenging markets and a          
tight global credit environment, the Trading division of the Company has        
increased its trade lines in line with anticipated volume growth.               
Metmar Trading (Proprietary) Limited ("Metmar Trading") is the subsidiary       
that houses the metals, minerals, polymer and rubber trading activities         
upon which Metmar was originally founded in 1985. It has extended its           
portfolio across the commodity trading spectrum and is today also involved      
in off-take agreements as a result of the successful investments made by        
Metmar Investments and Resources (Proprietary) Limited, which are gaining       
considerable traction.                                                          
The Company met the stringent credit committee requirements of several          
South African and international banks who showed their confidence in            
Metmar`s prospects and risk averse model by extending its total trading         
lines by almost $100 million.                                                   
The business has shown substantial growth in recent years, in relation to       
both volumes and the range of commodities traded. The increased lines will      
provide the capacity to meet the Company`s anticipated volume growth            
resulting from several off-take agreements and increased flows in Metmar        
Trading.                                                                        
Johannesburg                                                                    
28 February 2012                                                                
Sponsor                                                                         
One Capital                                                                     
Date: 28/02/2012 15:50:14 Supplied by www.sharenet.co.za                     
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