Directors dealing in securities SABLE METALS AND MINERALS LIMITED (Incorporated in the Republic of South Africa) (Registration number: 2001/006539/06) (Share Code: SMM ISIN Code: ZAE000185674) (“Sable” or “the company”) Directors dealing in securities In terms of paragraphs 3.63 to 3.65 of the JSE Limited Listings Requirements, the following information relating to dealings in securities of Sable are disclosed. These shares have been issued in terms of a resolution approved by shareholders on 25 January 2016. Company: Sable Metal and Minerals Limited Director name: James Allan Date of transaction: 19 February 2016 Number of shares: 3 847 845 Price of shares: 52 cents Total value: R 2 000 879.40 Class of shares: Ordinary shares Nature of transaction: Issue in terms of the Sable Platinum Performance Share Rights Scheme (Off-market) Nature of interest: Direct beneficial Clearance: Yes Company: Sable Metal and Minerals Limited Director name: Rene Hochreiter Date of transaction: 19 February 2016 Number of shares: 1 683 432 Price of shares: 52 cents Total value: R 875 384.64 Class of shares: Ordinary shares Nature of transaction: Issue in terms of the Sable Platinum Performance Share Rights Scheme (Off-market) Nature of interest: Direct beneficial Clearance: Yes Company: Sable Metal and Minerals Limited Director name: David Levithan Date of transaction: 19 February 2016 Number of shares: 1 683 432 Price of shares: 52 cents Total value: R 875 384.64 Class of shares: Ordinary shares Nature of transaction: Issue in terms of the Sable Platinum Performance Share Rights Scheme (Off-market) Nature of interest: Direct beneficial Clearance: Yes Johannesburg 22 February 2016 Sponsor Exchange Sponsors Date: 22/02/2016 03:35:00 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.