MERAFE RESOURCES LIMITED - Dealing in Securities by Directors and Company Secretary of Merafe

Dealing in Securities by Directors and Company Secretary of Merafe

MERAFE RESOURCES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1987/003452/06
Share Code: MRF
ISIN: ZAE000060000
(“Merafe”)

DEALING IN SECURITIES BY DIRECTORS AND COMPANY SECRETARY
OF MERAFE

In compliance with paragraphs 3.63 – 3.66 of the Listings
Requirements of the JSE Limited the following information
is provided:

In terms of the group Share Incentive Scheme (“Scheme”)
the following grant shares vest on 29 April 2014 and the
company has the right, at its election, either to issue
new shares or settle in cash. The company has opted to
settle the respective grant shares in cash.

Name of director:                  Zanele Matlala
Transaction date:                  29 April 2014
Nature of transaction:             Vesting of shares in
                                   terms of the Scheme
Number of shares vested:           74 593
Issued price per share:            Nil
Strike price per share             R1.1367
Total value of shares vesting:     R84 790
Total settlement value:            R84 790
Type of trade:                     Off market
Class of security:                 Ordinary shares
Extent of director's
interest in the transaction:       Direct beneficial



Name of director:                  Bruce McBride
Transaction date:                  29 April 2014
Nature of transaction:             Vesting of shares in
                                   terms of the Scheme
Number of shares vested:           568 465
Issued price per share:            Nil
Strike price per share             R1.1367
Total value of shares vesting:     R646 174
Total settlement value:            R646 174
Type of trade:                     Off market
Class of security:                 Ordinary shares
Extent of director's
interest in the transaction:       Direct beneficial
Name of company secretary:         Amritha Mahendranath
Transaction date:                  29 April 2014
Nature of transaction:             Vesting of shares in
                                   terms of the Scheme
Number of shares vested:           101 651
Issued price per share:            Nil
Strike price per share:            R1.1367
Total value of shares vesting:     R115 547
Total settlement value:            R115 547
Type of trade:                     Off market
Class of security:                 Ordinary shares
Extent of company secretary’s
interest in the transaction:       Direct beneficial


Prior written approval was obtained.

Sandton
2 May 2014

Sponsor:
Merrill Lynch South Africa Proprietary Limited

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