Directors Dealings METAIR INVESTMENTS LIMITED (Reg No. 1948/031013/06) (Incorporated in the Republic of South Africa) Share code : MTA ISIN code : ZAE000090692 (“Metair” or “Company”) DIRECTORS’ DEALINGS IN SECURITIES 1. Settlement of Performance and Bonus Shares In accordance with paragraph 3.63 to 3.66 of the JSE Limited Listings Requirements (“Listings Requirements”), Metair herewith advises of the settlement of performance shares (“Performance Shares”) and bonus shares (“Bonus Shares”) conditionally granted on 17 March 2011 to certain of the directors of Metair and directors of its major subsidiaries (“Participants”). The Performance Shares and Bonus Shares were awarded in terms of The Metair Investments Limited 2009 Share Plan (“Share Plan”). In terms of the provisions of the Share Plan, the Bonus Shares are to be settled following vesting and the Performance Shares are to be settled following vesting and once the Metair board of directors has determined the extent to which the performance criteria imposed on the award have been achieved. The terms and conditions of the Performance Shares are: Date of award 17 March 2011 Date Performance Shares settled 27 March 2014 Total number of Performance Shares 321 606 settled on 27 March 2014 Price paid per Performance Share Nil Deemed value of the Performance Shares R13 430 266.56 on settlement (based on the prevailing market price being the closing price for Metair shares on 26 March 2014 of 4 176 cents per share) Class of securities Ordinary shares Nature of transaction Settlement of Performance Shares Vesting date 27 March 2014 Vesting period Performance Shares vest on the third anniversary of the award date to the extent that the Company has met specified performance criteria during the intervening period Transaction completed on market No Clearance obtained in terms of paragraph Yes 3.66 of the Listings Requirements The terms and conditions of the Bonus Shares are: Date of award 17 March 2011 Date Bonus Shares settled 27 March 2014 Total number of Bonus Shares settled on 107 416 27 March 2014 Price paid per Bonus Share Nil Deemed value of the Bonus Shares on R4 485 692.16 settlement (based on the prevailing market price being the closing price for Metair shares on 26 March 2014 of 4 176 cents per share) Class of securities Ordinary shares Nature of transaction Settlement of Bonus Shares Vesting date 27 March 2014 Vesting period Bonus Shares vest on the third anniversary of the award date Transaction completed on market No Clearance obtained in terms of paragraph Yes 3.66 of the Listings Requirements The details of the settlement of the Performance Shares per Participant are set out below. The nature of the interest of all Participants is direct beneficial. Director Company name No. of Deemed value Performance of settled Shares settled Performance Shares (Rand) Mr L. Denner Mutlu Holding Anonim 37 051 1 547 249.76 Sirketi (“Mutlu Holding”) Mr C.J. Janse van Mutlu Holding 14 555 607 816.80 Rensburg Ms H. McLachlan Metindustrial (Pty) Ltd 17 518 731 551.68 (“Metindustrial”) Mr R. Bezuidenhout Metindustrial 16 956 708 082.56 Mr A. Webb Metindustrial 15 835 661 269.60 Mr M. Slattery Metindustrial 16 825 702 612.00 Mr A. Becker Metindustrial 36 263 1 514 342.88 Mr B. Sivlal Metindustrial 18 859 787 551.84 Mr C. Ellison Metindustrial 16 141 674 048.16 Mr M. Barley Metindustrial 17 683 738 442.08 Mr B.M. Jacobs Metair 35 708 1 491 166.08 Mr C.T. Loock Metair 78 212 3 266 133.12 The details of the settlement of the Bonus Shares per Participant are set out below. The nature of the interest of all Participants is direct beneficial. Director Company name No. of Bonus Deemed value Shares of settled settled Bonus Shares (Rand) Mr L. Denner Mutlu Holding 11 283 471 178.08 Mr C.J. Janse van Mutlu Holding 8 186 341 847.36 Rensburg Ms H. McLachlan Metindustrial 7 826 326 813.76 Mr R. Bezuidenhout Metindustrial 7 211 301 131.36 Mr A. Webb Metindustrial 6 638 277 202.88 Mr M. Slattery Metindustrial 7 177 299 711.52 Mr A. Becker Metindustrial 5 383 224 794.08 Mr B. Sivlal Metindustrial 3 762 157 101.12 Mr C. Ellison Metindustrial 3 246 135 552.96 Mr M. Barley Metindustrial 3 492 145 825.92 Mr B.M. Jacobs Metair 17 251 720 401.76 Mr C.T. Loock Metair 25 961 1 084 131.36 2. Disposal of Performance and Bonus Shares Following the settlement of the Performance Shares and Bonus Shares, Participants disposed of their Metair ordinary shares off-market on 27 March 2014 at a share price of R40.50 (“Disposal”) as detailed in the table below. The nature of the interest of all Participants in the Disposal is direct beneficial and clearance in terms of paragraph 3.66 of the Listings Requirements was obtained in all instances. Proceeds from No. of ordinary Director Company name Disposal shares disposed (Rand) Mr L. Denner Mutlu Holding 48 334 1 957 527.00 Mr C.J. Janse van Mutlu Holding 22 741 921 010.50 Rensburg Ms H. McLachlan Metindustrial 25 344 1 026 432.00 Mr R. Bezuidenhout Metindustrial 24 167 978 763.50 Mr A. Webb Metindustrial 22 473 910 156.50 Mr M. Slattery Metindustrial 24 002 972 081.00 Mr A. Becker Metindustrial 41 646 1 686 663.00 Mr B. Sivlal Metindustrial 22 621 916 150.50 Mr C. Ellison Metindustrial 9 694 392 607.00 Mr M. Barley Metindustrial 10 587 428 773.50 Mr B.M. Jacobs Metair 52 959 2 144 839.50 Mr C.T. Loock Metair 104 173 4 219 006.50 Johannesburg 28 March 2014 Sponsor One Capital Date: 28/03/2014 02:15:00 Produced by the JSE SENS Department. 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