METAIR INVESTMENTS LIMITED - Directors' dealings in securities

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”)

DIRECTORS’ DEALINGS IN SECURITIES

In accordance with paragraph 3.63 of the JSE Limited Listings Requirements
(“Listings Requirements”), we hereby advise of the vesting of shares
conditionally granted (“Bonus Shares”), to certain of the directors of Metair
and its major subsidiaries (“Participants”), on 8 April 2010. The Bonus
Shares were awarded in terms of The Metair Investments Limited 2009 Share
Plan (“Share Plan”).

The terms and conditions of the Bonus Shares are:

Date of award                            8 April 2010
Total number of bonus shares awarded     210,438
to Participants
Price paid per Bonus Share               Nil
Deemed value of the transaction on       7,786,206
vesting (based on the prevailing
market price being Metair’s closing
price on 5 April 2013 of 3700 cents
per share)
Class of securities                      Bonus Shares over ordinary shares
Nature of transaction                    Vesting of Bonus Shares
Vesting date                             8 April 2013
Vesting period                           100% vesting on 3rd anniversary of the
                                         award
Transaction completed on market          No
Clearance   obtained   in   terms   of   Yes
paragraph   3.66   of   the   Listings
Requirements

The vested Bonus Shares relate to the following Participants:

Director        Company name    No. of vested        Deemed value   Nature of
                                Bonus Shares         of vested      interest
                                                     Bonus Shares
                                                     Rand
Mr K. Lello     Smiths          18,110               670,070        Direct
                Manufacturing                                       beneficial
                (Pty) Ltd
Mr J.           Smiths          13,403               495,911        Direct
Esterhuizen     Manufacturing                                       beneficial
Director         Company name    No. of vested   Deemed value   Nature of
                                 Bonus Shares    of vested      interest
                                                 Bonus Shares
                                                 Rand
                 (Pty) Ltd

Mr L. Denner     Metindustrial   20,402          754,874        Direct
                 (Pty) Ltd                                      beneficial
Ms H.            Metindustrial   14,793          547,341        Direct
McLachlan        (Pty) Ltd                                      beneficial
Mr R.            Metindustrial   14,859          549,783        Direct
Bezuidenhout     (Pty) Ltd                                      beneficial
Mr A. Webb       Metindustrial   12,322          455,914        Direct
                 (Pty) Ltd                                      beneficial
Mr M. Slattery   Metindustrial   12,973          480,001        Direct
                 (Pty) Ltd                                      beneficial
Mr A. Becker     Metindustrial   11,737          434,269        Direct
                 (Pty) Ltd                                      beneficial
Mr B. Sivlal     Metindustrial   8,121           300,477        Direct
                 (Pty) Ltd                                      beneficial
Mr C. Ellison    Metindustrial   7,007           259,259        Direct
                 (Pty) Ltd                                      beneficial
Mr M. Barley     Metindustrial   7,537           278,869        Direct
                 (Pty) Ltd                                      beneficial
Mr C.T. Loock    Metair          54,061          2,000,257      Direct
                                                                beneficial
Mr B.M. Jacobs   Metair          15,113          559,181        Direct
                                                                beneficial



Johannesburg
9 April 2013

Sponsor
One Capital

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