Metmar Limited\Traxys Africa Proprietary Limited - Postponement of finalisation announcement Metmar Limited Traxys Africa Proprietary Limited (Incorporated in the Republic of South Africa) (Incorporated in the Republic of South Africa) (Registration number 1998/007269/06) (Registration number 1992/002255/07) JSE Share Code: MML ISIN: ZAE000078747 ("Traxys") ("Metmar") POSTPONEMENT OF FINALISATION ANNOUNCEMENT 1. POSTPONEMENT OF FINALISATION ANNOUNCEMENT Metmar shareholders are referred to the announcement released on SENS on Thursday, 2 July 2015 advising that the cash offer by Traxys to acquire all the issued shares of Metmar by way of a scheme of arrangement in terms of section 114 of the Companies Act 71 of 2008, as amended, (the "Scheme") was approved by the requisite majority of Metmar shareholders. Metmar shareholders are advised that certain conditions precedent pertaining to the Scheme have not yet been fulfilled or waived and, accordingly, Metmar will not be in a position to publish a finalisation announcement on Friday, 28 August 2015 as envisaged in the circular posted to shareholders. As a result the timetable set out in the circular will no longer apply and Metmar shareholders will be advised of the revised timetable by no later than Monday, 14 September 2015. 2. TRAXYS RESPONSIBILITY STATEMENT Traxys (to the extent that the information relates to Traxys) accepts responsibility for the information contained in this announcement and, to the best of its knowledge and belief, confirms that the information is true and this announcement does not omit anything likely to affect the importance of the information included. 3. INDEPENDENT BOARD RESPONSIBILITY STATEMENT The independent board of Metmar established to consider the Scheme (to the extent that the information relates to Metmar) accepts responsibility for the information contained in this announcement and, to the best of its knowledge and belief, confirms that the information is true and this announcement does not omit anything likely to affect the importance of the information included. Bryanston 27 August 2015 Investment bank, corporate advisor and sponsor to Metmar: Nedbank CIB Legal advisor to Metmar: Webber Wentzel Legal advisor to Traxys: Edward Nathan Sonnenbergs Incorporated Date: 27/08/2015 05:30:00 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.