Metmar and Kalagadi Manganese enter into a toll treatment agreement METMAR LIMITED Incorporated in the Republic of South Africa (Registration number 1998/007269/06) Share code: MML ISIN code: ZAE000078747 (“Metmar” or “the Company”) METMAR AND KALAGADI MANGANESE ENTER INTO A TOLL TREATMENT AGREEMENT Metmar has entered into a toll treatment agreement (“Toll Agreement”) with Kalagadi Manganese Proprietary Limited (“Kalagadi”), through its wholly-owned subsidiary, Metmar Trading Proprietary Limited. In terms of the Toll Agreement, Kalagadi has been appointed as an independent contractor to process manganese ore fines and coke breeze in the Kalagadi sinter plant to produce sintered manganese for and on behalf of Metmar in return for a fixed tolling consideration. The arrangement is expected to be mutually beneficial as Kalagadi will have the opportunity to commission and operate its sinter plant prior to completion of its fully integrated manganese project, and will also benefit from the cash flows generated through the tolling consideration. Metmar will derive benefit from the valorisation of portion of its existing coke breeze stockpile, increased marketing volumes, and the cash flows generated through the sale of the sintered manganese. The Toll Agreement will endure for an initial period of approximately nine months in order to convert a maximum of 800 000 tonnes of manganese ore fines into sintered manganese. Thereafter, and by mutual agreement, Metmar and Kalagadi may agree to extend the Toll Agreement for a further agreed term. Metmar owns 11.66% of Kalahari Resources, which owns 40% of Kalagadi, the developer of the manganese project in the Kalahari basin. Bryanston 13 June 2013 Sponsor One Capital Date: 13/06/2013 05:43:00 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.