Extension of long stop date, waiver of conditions precedent by Traxys and revised timetable 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") EXTENSION OF LONG STOP DATE, WAIVER OF CONDITIONS PRECEDENT BY TRAXYS AND REVISED TIMETABLE 1. EXTENSION OF LONG STOP DATE, WAIVER OF CONDITIONS PRECEDENT BY TRAXYS AND REVISED TIMETABLE Metmar shareholders are referred to the announcement released on SENS on Tuesday, 15 September 2015 advising of a further postponement of the finalisation announcement relating to 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"). Metmar shareholders are advised that Traxys has exercised its right to extend the date by which certain of the conditions precedent to the Scheme are required to be fulfilled or waived from 30 September 2015 to 30 October 2015 (“Long Stop Date”). Metmar shareholders are further advised that Traxys has waived all the conditions precedent to the Scheme which have not yet been fulfilled, and which are capable of waiver by Traxys. The only remaining conditions precedent to be fulfilled for the Scheme to become unconditional are thus receipt of JSE approval for the delisting of Metmar's shares and the issue of a compliance certificate by the Takeover Regulation Panel in relation to the Scheme. These conditions are expected to be fulfilled by Friday, 9 October 2015. Metmar shareholders are therefore advised of the revised important dates and times pertaining to the Scheme as set out below: 2015 Expected Scheme finalisation date Friday, 9 October Finalisation announcement expected to be released on SENS Friday, 9 October Finalisation announcement expected to be published in the South Monday, 12 October African press Expected last day to trade in order to be recorded in the securities Friday, 16 October register of Metmar on the Scheme record date Suspension of trading on the JSE expected from the Monday, 19 October commencement of trade Expected Scheme record date on which shareholders must be Friday, 23 October recorded in the securities register of Metmar to receive the scheme consideration Expected Scheme implementation date Monday, 26 October Scheme consideration expected to be posted/paid to Scheme Monday, 26 October participants holding certificated shares (provided their forms of surrender and transfer are received on or prior to 12:00 on the Scheme record date) CSDP or broker accounts of Scheme participants holding Monday, 26 October dematerialised shares expected to be credited with the Scheme consideration Expected termination of listing on the JSE at the commencement Tuesday, 27 October of trade Notes: 1. All dates and times indicated are South African dates and times. 2. Shares may not be dematerialised or rematerialised after the last day to trade. 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 30 September 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: 30/09/2015 03:40:00 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.