Posting of Annual Financial Statements, No Change Statement, Notice of AGM and B-BBEE Report Merafe Resources Limited (Incorporated in the Republic of South Africa) (Registration number: 1987/003452/06) JSE share code: MRF ISIN: ZAE000060000 (“Merafe” or the “Company”) POSTING OF SUMMARISED CONSOLIDATED ANNUAL FINANCIAL STATEMENTS, NO CHANGE STATEMENT, NOTICE OF ANNUAL GENERAL MEETING AND AVAILABILITY OF B-BBEE REPORT 1. POSTING OF SUMMARISED ANNUAL FINANCIAL STATEMENTS, NO CHANGE STATEMENT AND AVAILABILITY OF THE INTEGRATED ANNUAL REPORT Shareholders are advised that the summarised consolidated annual financial statements of Merafe for the year ended 31 December 2017 (“AFS”) and the notice of annual general meeting (“AGM”) have been distributed to shareholders today, 27 March 2018. The 2017 Integrated Annual Report (“IAR”) and the full AFS, on which the Company’s external auditor expressed an unqualified audit opinion and which contain no modifications to the audited results published on SENS on 5 March 2018, are available on the Company’s website at www.meraferesources.co.za. In addition, copies of the IAR and the full AFS are available at the Company’s registered office (Building B, 2nd Floor, Ballyoaks Office Park, 35 Ballyclare Drive, Bryanston) or on request from the Company Secretary. 2. NOTICE OF ANNUAL GENERAL MEETING Notice is hereby given that the AGM will be held at the offices of the Company at Building B, 2nd Floor, Ballyoaks Office Park, 35 Ballyclare Drive, Bryanston at 11:00 on Tuesday, 8 May 2018, for the purpose of transacting the business as outlined in the notice of AGM, accompanying the summarised AFS. The record date for shareholders to be recorded as such in the securities register of Merafe in order to be able to attend, participate and vote at the AGM is Thursday, 26 April 2018. Accordingly, the last date to trade to be eligible to attend, participate and vote at the AGM is Monday, 23 April 2018. 3. AVAILABILITY OF THE BROAD-BASED BLACK ECONOMIC EMPOWERMENT (“B-BBEE”) ANNUAL COMPLIANCE REPORT Shareholders are advised that the Company’s annual compliance report prepared pursuant to section 13(G)(2) of the Broad-Based Black Economic Empowerment Act No. 53 of 2003, is available on the Company’s website, www.meraferesources.co.za Sandton 27 March 2018 Sponsor One Capital Date: 27/03/2018 01:45:00 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.