Director's dealings in securities METAIR INVESTMENTS LIMITED Reg No. 1948/031013/06 (Incorporated in the Republic of South Africa) Share code : MTA ISIN code : ZAE 000090692 (“Metair” or “the Company”) DIRECTORS’DEALING IN SECURITIES In terms of paragraph 3.63 of the Listings Requirements of the JSE Limited (“Listings Requirements”), we hereby advise that Mr C.T. Loock accepted Share Appreciation Rights (“SARs”), performance shares and bonus shares, which may be settled in cash or Metair shares, in terms of The Metair Investments Limited 2009 Share Plan. The terms and conditions of the SARs are: Date of allocation 26 November 2013 Total number of SARs 800 000 Price paid per SAR Nil Total value of transaction Nil Allocation price per SAR R37.33 Nature of transaction Acceptance of SAR awards First vesting date 26 November 2016 Vesting period 20% at the end of the 3rd anniversary and then 20% per annum over the next 5 years after 26 November 2016 Transaction completed on market No Clearance obtained in terms of Yes paragraph 3.66 of the Listings Requirements The terms and conditions of the bonus shares are: Date of award 26 November 2013 Total number of bonus shares 150 000 Price paid per bonus share Nil Total value of transaction Nil Nature of transaction Acceptance of awards First vesting date 26 November 2016 Vesting Period Equal thirds vesting on the 3rd, 4th and 5th anniversary of the award Transaction completed on market No Clearance obtained in terms of Yes paragraph 3.66 of the Listings Requirements Terms and conditions of the performance shares are: Share Plan Allocations Share Awards – November 2013 Date of award 26 November 2013 Total number of performance shares 50 000 Price paid per performance share Nil Total value of transaction Nil Class of securities Performance shares over ordinary shares Nature of transaction Acceptance of awards First vesting date 26 November 2016 Vesting period Equal thirds will vest on the 3rd, 4th and 5th anniversary of the 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 Johannesburg 27 November 2013 Sponsor: One Capital Share Plan Allocations Share Awards – November 2013 Date: 27/11/2013 05:15:00 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.