METAIR INVESTMENTS LIMITED - Post Closing Updates

Post Closing Updates

Metair Investments Limited
(Incorporated in the Republic of South Africa)
Registration number 1948/031013/06
Share code: MTA
ISIN: ZAE000090692
(“Metair”)


POST CLOSING UPDATES


Shareholders of Metair (“Shareholders”) are referred to the announcements released on the
Stock Exchange News Service on 10 October 2013, 29 October 2013, 4 November 2013, 21
November 2013, 3 December 2013, 5 December 2013, 11 December 2013, and 19
December 2013 pertaining to, inter alia, the acquisition by the Metair Group of the Mutlu
Sale Shares and the remaining shares in Mutlu Plastik and Mutlu Aku, a category 1
transaction in terms of the Listings Requirements of the JSE Limited (“Transaction”).


As per the relevant clauses in the Share Purchase Agreement,


    -  based on the final net debt position of the Mutlu Group (comprising of Mutlu
       Holdings, Mutlu Aku, Turker Izabe, Mutlu Plastik, and Metropol), Metair Akü Holding
       A.S. has paid USD 2,000,000 to the sellers of the Mutlu Sale Shares on 27
       December 2013 after the conditions specified for the net debt amounts have been
       met, and


   -   pursuant to the sale of certain non-core real estate assets owned by Mutlu Aku which
       occurred on 31 December 2013, Metair will pay the net proceeds from the sale of the
       real estate assets amounting to USD 6,478,376.17 to the sellers of the Mutlu Sale
       Shares.

Shareholders will be informed of any further updates in relation to the Transaction in due
course.


Johannesburg
2 January 2014


Financial advisor to Metair: Absa Bank Limited (acting through its Corporate and Investment
Banking Division) and Barclays Bank PLC (acting through its investment bank)
Sole bookrunner, sole debt advisor and transaction sponsor to Metair: Absa Bank Limited
(acting through its Corporate and Investment Banking Division)

Independent Sponsor to Metair: One Capital
South African corporate law advisors to Metair: Taback and Associates (Pty) Ltd
Independent reporting accountants: PricewaterhouseCoopers Inc.

Turkish legal advisors to Metair: Taboglu & Demirhan Attorneys at Law
Legal advisors to Absa Bank Limited and Barclays Bank PLC: Bowman Gilfillan Inc.

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