Update to the MTO transaction Metair Investments Limited (Incorporated in the Republic of South Africa) Registration number 1948/031013/06 Share code: MTA ISIN: ZAE000090692 (“Metair”) UPDATE TO THE MTO TRANSACTION 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 ve Malzemeleri Sanayii Anonim Sirketi ("Mutlu Aku") (“MTO Transaction”); - 10 February 2014 pertaining to the CMB’s approval of the MTO Transaction; and - 12 February 2014 pertaining to Metair’s launch of the MTO Transaction. Shareholders are hereby notified that as of today, 18 February 2014 (being the fifth business day that the MTO has been open for acceptances), TL 8,498,656.87 nominal share capital representing 59.96% of the shares subject to the MTO and 14.99% of the total outstanding share capital have been received. As a result, Metair’s interest in Mutlu Aku will increase to 89.99%. The MTO will remain open for acceptance until 11 March 2014. Shareholders will be provided with a weekly update on SENS during the period of the MTO Transaction. Johannesburg 18 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. Date: 19/02/2014 07:05:00 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.