Changes to the board of directors and board committee Metair Investments Limited (Incorporated in the Republic of South Africa) (Registration number 1948/031013/06) Share code: MTA ISIN: ZAE000090692 (“Metair” or the “Company”) CHANGES TO THE BOARD OF DIRECTORS AND BOARD COMMITTEE In accordance with paragraph 3.59 of the Listings Requirements of the JSE Limited, Metair shareholders are hereby advised of the following changes to the directors of the Metair board (the “Board”) and the Company’s audit and risk committee. 1. Resignation from the Board and audit and risk committee Mr David Wilson has decided to resign as non-executive director of the Company and as a member of the Company’s audit and risk committee with effect from 1 November 2016 as a result of increased executive responsibilities at Royal Bafokeng Holdings (Pty) Limited (“RBH”). The Board would like to thank Mr Wilson for his valuable contribution to the Company over the past two and a half years and wishes him well as he pursues his career at RBH. 2. Appointment to the Board and audit and risk committee Ms Grathel Motau has been appointed as an independent non-executive director and as a member of the Company’s audit and risk committee with effect from 1 November 2016. Ms Motau is a Chartered Accountant and also holds an MPhil in Development Finance from the University of Stellenbosch. She has almost 20 years of experience from both the public and private sectors. Until March 2015, she was an Audit Partner at KPMG’s Energy and Natural Resources Division. Ms Motau is currently Chief Executive Officer at Mmoni Advisory Services. She has worked for organisations that include Blue IQ Investments, National Treasury, Industrial Development Corporation and Amabubesi Investments. She serves as a Commissioner of International Trade Administration Commission of South Africa, Council member and Finance Committee Chairperson of the University of the Western Cape as well as non-executive director of International Women’s Forum of South Africa. Johannesburg 14 October 2016 Sponsor One Capital Date: 14/10/2016 10:35:00 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.