Director’s dealings in securities METAIR INVESTMENTS LIMITED (Reg No. 1948/031013/06) (Incorporated in the Republic of South Africa) Share code : MTA ISIN code : ZAE000090692 (“Metair” or “Company”) DIRECTOR’S DEALINGS IN SECURITIES In accordance with the requirements of paragraph 3.63 to 3.66 of the JSE Limited Listings Requirements (“Listings Requirements”), we hereby advise of the following acceptance of bonus shares (“Bonus Shares”), which may be settled in cash or Metair ordinary shares, in terms of The Metair Investments Limited 2009 Share Plan, by a director of the Company. Name of director Mr S Douwenga Date of award 19 June 2017 Number of Bonus Shares awarded 250 000 Price paid per Bonus Share Nil Total value of transaction Nil Deemed value of Bonus Shares on acceptance R 4 925 000.00 based on the closing price on 15 June 2017, being R19.70 Nature of transaction Acceptance of Bonus Shares Vesting date 19 June 2020 Performance conditions The Bonus Shares were awarded as retention bonus shares. Board mandated performance conditions have been attached to the allocated Bonus Shares Nature and extent of interest Indirect beneficial Transaction completed on market No Clearance obtained in terms of paragraph 3.66 of Yes the Listings Requirements Johannesburg 21 June 2017 Sponsor One Capital Date: 21/06/2017 11:15:00 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.