METAIR INVESTMENTS LIMITED - 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 Tuesday, 25 February 2014 (being the tenth business day
that the MTO has been open for acceptances), TL 8,724,053.87 nominal share capital representing
61.55% of the shares subject to the MTO and 15.39% of the total outstanding share capital have been
received. As a result, Metair's interest in Mutlu Aku will increase to 90.39%. 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
26 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: 26/02/2014 08:00:00 Supplied by www.sharenet.co.za                     
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