METAIR INVESTMENTS LIMITED - Launch of the MTO to the minority shareholders of Mutlu Aku

Launch of the MTO to the minority shareholders of Mutlu Aku

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

LAUNCH OF THE MTO TO THE MINORITY SHAREHOLDERS OF MUTLU AKU

Shareholders of Metair (“Shareholders”) are referred to the following announcements
released on the Stock Exchange News Service on:

    -   19 December 2013 pertaining to Metair’s application (acting through its subsidiary
        Metair Aku Holding A.S), in terms of Turkish regulations, to the Capital Markets
        Board of Turkey (“CMB”) in respect of a mandatory tender offer (“MTO”) to the
        minority shareholders of Mutlu Aku (“MTO Transaction”), and

    -   10 February 2014 pertaining to the CMB’s approval of the MTO Transaction.

Shareholders are hereby notified that the MTO Transaction launched                     today,
12 February 2014 and will remain open for 20 business days until 11 March 2014.

The offer price per share for the MTO Transaction has been fixed by the CMB at
TRY 9.0706 per share for the duration of the MTO Transaction. Additional information
pertaining to the determination of the offer price and the independent valuation report can be
found in Turkish on the Turkish Public Disclosure Platform and at the following websites:
www.mutlu.com.tr and www.isyatirim.com.tr.

Shareholders will be provided with a weekly update on SENS during the period of the MTO
Transaction.
Johannesburg
12 February 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.
Turkish broker to Metair on the MTO: Is Yatirim Menkul Degerler AS

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