MRF - Merafe Resources Limited - Directors Share Dealings

MRF - Merafe Resources Limited  - Directors Share Dealings                      
Merafe Resources Limited                                                        
(Incorporated in the Republic of South Africa)                                  
Registration number 1987/003452/06                                              
Share Code: MRF                                                                 
ISIN: ZAE000060000                                                              
("Merafe" or the "Company")                                                     
DIRECTORS 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                       SP Elliot                                        
Nature of transaction          Zero cost collar to expire as scheduled below    
Nature of interest             Direct beneficial                                
Class of shares                Merafe Ordinary Shares                           
Date of transaction            7 May 2012                                       
Put Strike price per share     R0.90                                            
Call Strike price per share    R0.93                                            
Number of shares               10,000,000                                       
Expiry date                    8 November 2012                                  
On/Off Market Trade                   On Market Trade                           
Clearance obtained             Yes                                              
Sandton                                                                         
8 May 2012                                                                      
Sponsor:                                                                        
Merrill Lynch South Africa Proprietary Limited                                  
Date: 08/05/2012 16:37:11 Supplied by www.sharenet.co.za                     
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