Disclosure of Beneficial Interests in Securities

Merafe Resources Limited
(Incorporated in the Republic of South Africa)
Registration number 1987 003452 06
Share Code MRF
ISIN ZAE000060000
("the Company")

DISCLOSURE OF BENEFICIAL INTERESTS IN SECURITIES


In terms of paragraph 3.83(b) of the JSE Listings Requirements and section 122(3)(b) of the
Companies Act, No. 71 of 2008, as amended, shareholders are advised that Investec Asset
Management Holdings (Pty) Ltd (a''Investeca'') has notified the Company 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 Investec is now 4.07 percent of the total issued securities of that class.

Sandton
4 July 2012
Sponsor
Merrill Lynch South Africa Proprietary Limited

Date: 04/07/2012 09:15:00 Supplied by www.sharenet.co.za                     
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