MERAFE RESOURCES LIMITED - First quarter 2015 ferrochrome price announcement

First quarter 2015 ferrochrome price announcement

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

First quarter 2015 ferrochrome price announcement

Shareholders of the Company are advised that the European benchmark ferrochrome price has been
settled at 108USc per pound for the first quarter of 2015, a decrease of 6% from the 115USc per pound
price in the fourth quarter of 2014.

19 December 2014
Sandton

Sponsor
Merrill Lynch South Africa Proprietary Limited

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