MERAFE RESOURCES LIMITED - Notice of an acquisition of a beneficial interest

Notice of an acquisition of a beneficial interest

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”)

NOTICE OF AN ACQUISITION OF A BENEFICIAL INTEREST

In accordance with section 122(3)(b) of the Companies Act, No. 71 of 2008, as amended and
paragraph 3.83(b) of the JSE Limited Listings Requirements, Merafe shareholders are advised that
the Company has received a notification that PSG Asset Management (Pty) Ltd (“PSG”) has acquired
a beneficial interest in Merafe securities (“Acquisition”).

Following the Acquisition, PSG now holds 5.02% of the issued ordinary share capital of the Company.


Sandton
28 March 2018

Sponsor
One Capital

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