Directors' dealings in securities METAIR INVESTMENTS LIMITED (Reg No. 1948/031013/06) (Incorporated in the Republic of South Africa) Share code : MTA ISIN code : ZAE000090692 (“Metair” or “Company”) DIRECTORS’ DEALINGS IN SECURITIES In accordance with paragraph 3.63 of the JSE Limited Listings Requirements (“Listings Requirements”), we hereby advise of the settling of performance shares conditionally granted on 7 December 2009 (“Performance Shares”), to certain of the directors of Metair and its major subsidiaries (“Participants”). The Performance Shares were awarded in terms of The Metair Investments Limited 2009 Share Plan (“Share Plan”). In terms of the provisions of the Share Plan, the Performance Shares are to be settled, following vesting, once the Metair board of directors has determined the extent to which the performance criteria imposed on the award have been achieved. The terms and conditions of the Performance Shares are: Date of award 7 December 2009 Date Performance Shares settled 2 April 2013 Total number of Performance Shares 269,170 settled on 2 April 2013 Price paid per Performance Share Nil Deemed value of the 269,170 R10 066 958.00 Performance Shares on settlement (based on the prevailing market price being the closing price for Metair shares on 28 March 2013 of 3740 cents per share) Class of securities Performance Shares over ordinary shares Nature of transaction Settlement of Performance Shares Vesting date 7 December 2012 Vesting period Performance Shares will vest on the 3rd anniversary of their award to the extent that the Company has met specified performance criteria over the intervening period Transaction completed on market No Clearance obtained in terms of Yes paragraph 3.66 of the Listings Requirements The settlement of the Performance Shares relate to the following Participants: Director Company name No. of Deemed value Nature of Performance of settled interest Shares Performance settled Shares Rand Mr K. Lello Smiths 30,306 1 133 444.40 Direct Manufacturing beneficial (Pty) Ltd Mr J. Smiths 16,077 601 279.80 Direct Esterhuizen Manufacturing beneficial (Pty) Ltd Mr L. Denner Metindustrial 22,376 836 862.40 Direct (Pty) Ltd beneficial Ms H. McLachlan Metindustrial 12,520 468 248.00 Direct (Pty) Ltd beneficial Mr R. Metindustrial 11,804 441 469.60 Direct Bezuidenhout (Pty) Ltd beneficial Mr A. Webb Metindustrial 11,197 418 767.80 Direct (Pty) Ltd beneficial Mr M. Slattery Metindustrial 11,617 434 475.80 Direct (Pty) Ltd beneficial Mr A. Becker Metindustrial 28,675 1 072 445.00 Direct (Pty) Ltd beneficial Mr B. Sivlal Metindustrial 15,994 598 175.60 Direct (Pty) Ltd beneficial Mr C. Ellison Metindustrial 13,705 512 567.00 Direct (Pty) Ltd beneficial Mr M. Barley Metindustrial 15,046 562 720.40 Direct (Pty) Ltd beneficial Mr C.T. Loock Metair 53,074 1 984 967.60 Direct beneficial Mr B.M. Jacobs Metair 26,779 1 001 534.60 Direct beneficial Johannesburg 2 April 2013 Sponsor One Capital Date: 02/04/2013 05:30:00 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.