Initiation of the squeeze-out transaction pursuant 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”) INITIATION OF THE SQUEEZE-OUT TRANSACTION PURSUANT TO THE MTO TRANSACTION Shareholders of Metair (“Shareholders”) are referred to the announcement published by Metair on 12 March 2014 on the Stock Exchange News Service (“SENS”) regarding the closing of a mandatory tender offer (“MTO”) to the minority shareholders of Mutlu Aku ve Malzemeleri Sanayii Anonim Sirketi ("Mutlu Aku") (“MTO Transaction”). Metair is pleased to notify Shareholders that, following the successful conclusion of the MTO Transaction, Metair, acting through its subsidiary Metair Aku Holding A.S (“Metair Aku”), has commenced with the initiation of a squeeze out transaction, pursuant to which Metair Aku shall acquire all the remaining shares in Mutlu Aku (“Squeeze Out”). The successful implementation of the Squeeze Out will result in Mutlu Aku becoming a wholly-owned subsidiary of Metair. The Squeeze Out remains, in terms of Turkish regulations, subject to the approval of the Capital Markets Board of Turkey. Johannesburg 14 July 2014 Sponsor: One Capital Date: 14/07/2014 03:36:00 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.