MRF - Merafe Resources Limited - Disclosure of beneficial interest in

MRF - Merafe Resources Limited - Disclosure of beneficial interest in           
securities                                                                      
Merafe Resources Limited                                                        
(Incorporated in the Republic of South Africa)                                  
Registration number 1987/003452/06                                              
Share Code: MRF                                                                 
ISIN: ZAE000060000                                                              
("Merafe" or the "Company")                                                     
DISCLOSURE OF BENEFICIAL INTEREST IN SECURITIES                                 
In terms of paragraph 3.83(b) of the JSE Limited Listings Requirements and      
section 122(3)(b) of the Companies Act, No. 71 of 2008, as amended,             
shareholders are advised that JP Morgan Asset Management (UK) Limited ("JP      
Morgan") has notified Merafe that it has disposed of a beneficial interest in   
the securities of the Company, such that the total of all beneficial            
interests of the securities of that class held by JP Morgan is now 4.76% of     
the total issued securities of that class.                                      
Sandton                                                                         
10 April 2012                                                                   
Sponsor:                                                                        
Merrill Lynch SA (Pty) Ltd                                                      
Date: 10/04/2012 10:45:01 Supplied by www.sharenet.co.za                     
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