MERAFE RESOURCES LIMITED - Fourth quarter 2015 ferrochrome price announcement

Fourth 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
("Company")


Fourth quarter 2015 ferrochrome price announcement

Shareholders of the Company are advised that the European benchmark ferrochrome price has been settled at
104USc per pound for the fourth quarter of 2015, a 3.7 percent decrease from the 108USc per pound price in the
third quarter of 2015.

28 September 2015
Sandton

Sponsor:
Merrill Lynch South Africa Proprietary Limited

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