MERAFE RESOURCES LIMITED - Disclosure of Beneficial Interests in Securities

Disclosure of Beneficial Interests in Securities

Merafe Resources Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1987/003452/06)
JSE share code: MRF
ISIN: ZAE000060000
(“Merafe” or “the Company”)

Disclosure of Beneficial Interests in Securities

In terms of paragraph 3.83(b) of the JSE Listings Requirements and section 122(3)(b) of the
Companies Act, No. 71 of 2008, as amended, shareholders are advised that Regarding Capital
Management (Pty) Ltd (RE.CM) has notified the Company that it has disposed of a beneficial
interest in the securities of the Company, on behalf of its clients, such that the total of all
beneficial interests of the securities of that class held is currently 8.86 percent of the total
issued securities of that class.

Sandton
12 May 2014

Sponsor:
Merrill Lynch South Africa Proprietary Limited

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