MERAFE RESOURCES LIMITED - Dealings in Securities by Directors of Merafe

Dealings in Securities by Directors of Merafe

MERAFE RESOURCES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1987/003452/06
Share Code: MRF
ISIN: ZAE000060000
(“Merafe”)


DEALINGS IN SECURITIES BY DIRECTORS OF MERAFE

In compliance with paragraphs 3.63 – 3.66 of the Listings Requirements of
the JSE Limited the following information is provided:

Vesting of shares in terms of the Share Incentive Scheme

In terms of the Merafe Share Incentive Scheme (“scheme”) the following
grant shares vest on 6 March 2016. The company has the right, at its
election, either to issue new shares or settle in cash. The company has
opted to settle the respective grant shares in cash.


Name of director:                        Kajal Bissessor
Nature of transaction:                   Vesting of shares in terms of the
                                         Scheme
Number of shares vested:                 166 600
Issued price per share:                  Nil
Strike price per share                   79 cents
Total value of shares vesting:           R131 614
Total settlement value:                  R131 614
Type of trade:                           Off market
Class of security:                       Ordinary shares
Extent of director's
interest in the transaction:             Direct beneficial
Clearance obtained:                      Yes


Name of director:                        Zanele Matlala
Nature of transaction:                   Vesting of shares in terms of the
                                         Scheme
Number of shares vested:                 759 575
Issued price per share:                  Nil
Strike price per share                   79 cents
Total value of shares vesting:           R600 064
Total settlement value:                  R600 064
Type of trade:                           Off market
Class of security:                       Ordinary shares
Extent of director's
interest in the transaction:             Direct beneficial
Clearance obtained:                      Yes


Sandton
8 March 2016

Sponsor:
Merrill Lynch South Africa Proprietary Limited

Date: 08/03/2016 01:45:00 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.