METAIR INVESTMENTS LIMITED - Dealings in securities

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”)

DEALINGS IN SECURITIES

In accordance with the requirements of paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements
(“Listings Requirements”), the following off-market transactions by directors of Metair and its major subsidiaries
and the company secretary (“Participants”) are hereby disclosed.

ALLOCATION OF SHARE APPRECIATION RIGHTS

The terms and conditions of the share appreciation rights (“SARs”) are:

 Date of award                                 27 November 2017
 Number of SARs awarded to Participants        410 965
 Price paid per SAR                            Nil
 Total value of transaction                    Nil
 Allocation price per SAR                      R19.12
 Nature of transaction                         Acceptance of awards
 First vesting date                            27 November 2020
 Vesting period                                In equal thirds on the 3rd, 4th and 5th anniversaries but need not
                                               be exercised until the 6th anniversary
 Transaction completed on market               No
 Clearance obtained in terms of paragraph      Yes
 3.66 of the Listings Requirements

The details of the allocation of the SARs per Participant are set out below. The nature of the interest of all
Participants is direct beneficial.


 Participant                           Company name                                      No. of SARs accepted

 Mr G. Paker                           Mutlu Holding Anonim Sirketi                                    66 844
 Mr T. Tulgar                          Mutlu Holding Anonim Sirketi                                    11 305
 Mr M. Aksel Bukagikiran               Mutlu Holding Anonim Sirketi                                    11 964
 Mr A. Ozutku                          Mutlu Holding Anonim Sirketi                                     8 369
 Mr H. Demir                           Mutlu Holding Anonim Sirketi                                    11 770
 Mr Y. Kaptan                          Mutlu Holding Anonim Sirketi                                    15 980
 Mr H. Okur                            Mutlu Holding Anonim Sirketi                                    12 700
 Mr V. Kizil                           Mutlu Holding Anonim Sirketi                                     9 292
 Mr O. Ogetbil                         Mutlu Holding Anonim Sirketi                                    11 422
 Mr E. Tavukcu                         Mutlu Holding Anonim Sirketi                                     5 456
 Mr O. Bekiroglu                       Mutlu Holding Anonim Sirketi                                    12 708
 Mr D. Seker                           Mutlu Holding Anonim Sirketi                                    12 282
 Mr C.T. Loock                         Metair                                                         133 326
 Mr S. Douwenga                        Metair                                                          65 596
 Mr A. Jogia                           Metair                                                          10 364
 Ms S.M. Vermaak                       Metair                                                          11 587


Johannesburg
28 November 2017

Sponsor
One Capital

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