MERAFE RESOURCES LIMITED - Successful conclusion of wage negotiations

Successful conclusion of wage negotiations

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


Successful conclusion of wage negotiations

Shareholders of the Company are advised that the Glencore-Merafe Chrome Venture
(the Venture) has successfully concluded wage negotiations with the majority unions
at all of its operations.

A three year agreement was signed at the Venture’s western and eastern smelters,
effective 1 July 2015.

As previously announced, a three year agreement was signed at the Venture’s western
mines, effective 1 July 2014.

The wage agreements at all the Venture’s operations provide for increases in line
with current industry trends.

8 September 2015

Sponsor:
Merrill Lynch South Africa Proprietary Limited

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