Trading statement METMAR LIMITED Incorporated in the Republic of South Africa (Registration number 1998/007269/06) Share code: MML ISIN code: ZAE000078747 (“Metmar” or "the Company") TRADING STATEMENT In terms of the JSE Limited Listings Requirements, companies are required to publish a trading statement when satisfied to a reasonable degree that the financial results for the period to be reported upon will differ by 20% or more from the financial results of the previous corresponding period. Shareholders are advised that the Company’s attributable loss per share for the year ended 28 February 2015 is expected to improve to between 58.58 cents and 48.82 cents (2014 : loss per share of 60.9 cents),. while headline loss per share is expected to deteriorate to between 70.04 cents and 58.36 cents (2014 : loss per share of 17.60 cents). This represents a decrease of between 2% to 22% in the Company’s attributable loss per share and an increase of 255% to 275% in the Company’s headline loss per share. During the financial year the Company endured challenging trading conditions characterised by low commodity prices, decreasing margins and reduced demand. The Company’s auditors have not reported on the financial information on which this trading statement is based. Shareholders are advised that the results for the year ended 28 February 2015 will be announced no later than 28 May 2015. 22 May 2015 Bryanston Sponsor Nedbank Date: 22/05/2015 01:05:00 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.