Operational update Metair Investments Limited (Incorporated in the Republic of South Africa) Registration number 1948/031013/06 Share code: MTA ISIN: ZAE000090692 (“Metair” or “the Group”, including any subsidiaries of Metair) OPERATIONAL UPDATE This serves as a general communication to Metair shareholders (“Shareholders”) with regard to: 1. the status of the local automotive industry’s business environment; 2. the recently publicised investigation by the Competition Commission of alleged collusion within the South African automotive component industry (“the Investigation”); and 3. the award of new Start-Stop battery supply contracts to the Group in South Africa and Turkey. Business environment The Group has experienced improved stability in the Local Original Equipment market since the cessation of labour disruptions in July 2014.Catch-up plans to recover volumes lost during the strike have been introduced by the Group’s OEM customers and are progressing in line with expectations. The Investigation Shareholders are advised that no member of the Group has been implicated with regards to or listed in connection with the Investigation. Although we cannot predict the course that the Investigation will follow, it is our understanding that the products produced by the Group do not fall within the scope of the Investigation. Start-Stop tenders Metair is pleased to advise Shareholders that it has successfully secured a number of Start-Stop related OEM contracts. In Turkey, the Group secured a contract to supply Renault with Enhanced Flooded Battery Start-Stop batteries. Metair has also secured a contract to supply Enhanced Flooded Batteries for the first time to a major South African OEM. The Group has also entered into an international brand distribution agreement for the supply of Start-Stop starter batteries. Through this brand’s international distribution network Metair will be able to access a large portion of the central European vehicle aftermarket. Conclusion Metair is confident that we should be able to produce and deliver quality cost-competitive products to the South Automotive Industry in a sustainable manner. All industry stakeholders are cognisant of the challenges they face and are focused and committed to collectively resolving these challenges. The industry is further supported by the South African Government’s inclusion of the automotive industry as a key industry in the Industrial Policy Action Plan (IPAP) and by the adoption of the Automotive Production and Development Programme (APDP). Metair remains committed to executing its strategy and achieving it key performance criteria. Johannesburg 20 October 2014 Sponsor One Capital Date: 20/10/2014 12:50:00 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.