MERAFE RESOURCES LIMITED - Second quarter 2016 ferrochrome price announcement

Second quarter 2016 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”)

Second quarter 2016 ferrochrome price announcement

Shareholders of the Company are advised that the European benchmark ferrochrome price has been
settled at 82USc per pound for the second quarter of 2016, a decrease of 10.87% from the 92USc
per pound price in the first quarter of 2016.

18 March 2016

Sponsor
Merrill Lynch South Africa Proprietary Limited

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