Investor site visit and presentation METAIR INVESTMENTS LIMITED Incorporated in the Republic of South Africa Registration Number 1948/031013/06 Share Code: MTA ISIN Number: ZAE000090692 (“Metair” or the “Company” or the “Metair Group”) INVESTOR SITE VISIT AND PRESENTATION Shareholders are advised that a site visit took place at Metair’s Mutlu Akü operations in Turkey on Wednesday, 6 December 2017 and the Company will host an investor presentation on Thursday, 7 December 2017. The purpose of the presentation is to provide investors with updated medium-term profit before interest and taxation (“PBIT”) margin guidance of between 7% and 9% in respect of Metair’s Automotive Component Vertical and to provide supplementary information relating to the strategy, financial and operational information of the Company’s previously published results, covering, inter alia, the following: • general strategic path disclosure, including impact and Metair response to disruptive technology; • geographic revenue and margins; • geographic volumes; • local currency operating profit for Turkey (Mutlu Akü) and Romania (Rombat); • invested capital disclosure per business vertical; and • last twelve month financial and operational analyses. Additionally, Metair wishes to advise shareholders of its first vehicle converted from Internal Combustion Engine to a full electric vehicle (“EV”). The EV was produced in cooperation with PrimeMotors in Romania and fitted with in-house Lithium Ion battery technology. The EV conversion showcases Metair’s understanding and adaptation of disruptive technology. A copy of the presentation is available on the Company’s website (www.metair.co.za). A summary of the information to be presented, which is disclosed in further detail in the presentation, is detailed below. Energy Storage Vertical LTM LTM LTM LTM Dec’15 Jun’16 Dec’16 Jun’17 Total revenue by operation (Auto and Industrial) – (R’m) Mutlu Group 2 199 2 486 2 866 2 736 Rombat 988 1 180 1 271 1 203 First National Battery (“FNB”) 1 745 1 720 1 807 1 847 Total 4 932 5 386 5 944 5 786 Auto – Original Equipment (“OE”) revenue by operation – (R’m) Mutlu Group 675 Rombat 358 FNB 199 Total 1 232 LTM – Last twelve month basis LTM LTM LTM LTM Dec’15 Jun’16 Dec’16 Jun’17 Auto - Aftermarket (local and export) revenue by operation – (R’m) Mutlu Group 1 847 Rombat 964 FNB 1 004 Total 3 815 PBIT by operation – (R’m) Mutlu Group 254 279 386 360 Rombat 41 67 94 97 FNB 227 196 88 103 Total 522 542 568 560 Local currency PBIT and margin Mutlu Group PBIT – TRY (‘m) 54 57 79 82 Mutlu Group PBIT margin – TRY (%) 11.5% 11.3% 13.5% 12.6% Rombat PBIT – LEI (‘m) 13 18 26 29 Rombat PBIT margin – LEI (%) 4.2% 5.5% 7.4% 8.1% Total volumes by operation (units sold – Auto and Industrial) – (’m rounded) Mutlu Group 3.2 3.4 3.7 3.8 Rombat 2.2 2.3 2.3 2.2 FNB 2.2 2.1 2.3 2.3 Total 7.6 7.8 8.3 8.3 Automotive volumes by operation and sales channel – (’m rounded) Mutlu Group – OE 0.9 1.0 1.1 1.3 Mutlu Group – Aftermarket local 1.5 1.5 1.6 1.5 Mutlu Group – Aftermarket export 0.7 0.8 1.0 0.9 Rombat – OE 0.4 0.5 0.5 0.4 Rombat – Aftermarket local 0.4 0.4 0.5 0.5 Rombat – Aftermarket export 1.4 1.4 1.3 1.3 FNB – OE 0.5 0.5 0.5 0.5 FNB – Aftermarket local 1.1 1.1 1.1 1.0 FNB – Aftermarket export 0.3 0.3 0.3 0.3 Industrial volumes – (’m rounded) Total industrial volumes 0.4 0.3 0.4 0.5 TRY – Turkish Lira LEI – Romanian Lei LTM – Last twelve month basis Return on Invested Capital (ROIC) LTM LTM LTM LTM Dec’15 Jun’16 Dec’16 Jun’17 Metair Group 9.2% 9.8% 9.2% 11.6% Automotive Components Vertical 28.4% 13.2% 16.2% 28.0% Energy Storage Vertical 14.0% 14.0% 14.1% 14.7% LTM – Last twelve month basis Calculation as per Metair internal basis, defined in 2016 annual report Invested Capital LTM LTM LTM LTM Dec’15 Jun’16 Dec’16 Jun’17 Metair Group – (R’m) Automotive Components Vertical 894 1 253 1 088 1 080 Energy Storage Vertical 3 263 3 129 2 701 3 172 Other 1 830 1 285 2 982 2 867 Total 5 987 5 667 6 771 7 119 LTM – Last twelve month basis Calculation as per Metair internal basis, defined in 2016 annual report This announcement and the presentation should be read with and understood within the context of Metair’s annual integrated report as well as previously published annual and interim results presentations. The financial information contained in this announcement and in the presentation has not been reviewed or reported on by the Company’s external auditors and is the responsibility of the directors of Metair. Johannesburg 7 December 2017 Sponsor One Capital Date: 07/12/2017 10:00:00 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.