Directors' dealings METAIR INVESTMENTS LIMITED Reg No. 1948/031013/06 JSE code: MTA ISIN: ZAE 000090692 (Incorporated in the Republic of South Africa) (“Metair” or “the Company”) DIRECTORS’ DEALINGS In accordance with the requirements of paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the following off-market transactions are hereby disclosed: Metair shareholders are referred the announcement published by the Company on 28 November 2012 wherein details of a scrip lending arrangement were provided (“Announcement”). As more fully described in the Announcement, certain of the directors of Metair and its major subsidiaries (“Option Holders”) entered into a scrip lending arrangement with a third party (“Lender”) in terms of which the Option Holders received Metair ordinary shares (“Shares”) which they disposed of immediately in an arranged off-market trade. On 7 December 2012, the Option Holders received Shares through the vesting and contemporaneous exercise of instruments (“Options”) held by them in accordance with the Metair 2009 Share Plan (“Share Plan”) at no cost. All or a portion of the Shares received through the exercise of Options were utilised to return Shares to the Lender in terms of the scrip lending arrangement. Details of the Shares received by the Option Holders through the exercise of Options and the related return of Shares by Option Holders to the Lender are provided below: Date of transaction: 7 December 2012 Nature of transaction: Exercise of Options at no cost and return of Shares to the Lender Class of security: Shares Written clearance to deal: Yes No. of Shares Value of Shares No. of Shares received received Extent of Director Company name returned to through the through the interest Lender exercise of exercise of Options at no Options * cost Dr Louis Denner Metindustrial (Pty) Ltd 198 627 200 372 R6 125 372.04 Direct beneficial Mr Andrew Clement 59 808 59 915 R1 831 601.55 Direct Gordon Webb Metindustrial (Pty) Ltd beneficial Mr Gerard Louis 149 024 151 908 R4 643 827.56 Direct Laubscher Metindustrial (Pty) Ltd beneficial Mr Martin John 62 049 62 160 R1 900 231.20 Direct Slattery Metindustrial (Pty) Ltd beneficial Mr Russell Fredrick 63 047 63 160 R1 930 801.20 Direct Bezuidenhout Metindustrial (Pty) Ltd beneficial Mrs Hayley Donne 66 870 66 989 R2 047 853.73 Direct Mclachlan Metindustrial (Pty) Ltd beneficial Mr Andre Johann 235 474 237 341 R7 255 514.37 Direct Becker Metindustrial (Pty) Ltd beneficial Mr Bunwarie Sivlal Metindustrial (Pty) Ltd 121 921 122 780 R3 753 384.60 Direct beneficial Mr Colin Robert 37 725 75 624 R2 311 825.68 Direct Ellison Metindustrial (Pty) Ltd beneficial Mr Mark Eric Barley 116 704 117 551 R3 593 534.07 Direct Metindustrial (Pty) Ltd beneficial Mr Brian Michael 305 668 309 071 R9 448 300.47 Direct Jacobs Metair beneficial Mr Cornelius 611 165 618 014 R18 892 687.98 Direct Theodorus Loock Metair beneficial Mr Jean Esterhuizen Smiths Manufacturing 127 909 128 876 R3 939 739.32 Direct (Pty) Ltd beneficial Mr Kenneth Edward Smiths Manufacturing 245 010 246 908 R7 547 977.56 Direct Lello (Pty) Ltd beneficial Mr Timothy James Smiths Manufacturing 130 448 131 327 R4 0146 66.39 Direct Lane (Pty) Ltd beneficial * : As a result of no consideration being payable for the Shares received through the exercise of Options, this amount has been calculated using the closing price of a Share as at 6 December 2012 being R30.57 per Share. Johannesburg 10 December 2012 Sponsor: One Capital Date: 10/12/2012 05:46:00 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.