METTLE INVESTMENTS LIMITED - Section 122 Announcement and Dealing in Securities by an Associate of a Director

Section 122 Announcement and Dealing in Securities by an Associate of a Director

Mettle Investments Limited
(formerly Mettle Investments Proprietary Limited)
(Registration number: 2008/002061/06)
Incorporated in the Republic of South Africa
Share code: MLE
ISIN: ZAE000257622
("Mettle Investments" or “the Company”)

SECTION 122 ANNOUNCEMENT AND DEALING IN SECURITIES BY AN ASSOCIATE OF A
DIRECTOR

Section 122 notification

In accordance with Section 3.83(b) of the Listings Requirements of the JSE Limited (“JSE Listings
Requirements”), the Company confirms that is has received notices in terms of Section 122 of the
Companies Act, No.71 of 2008.

Metcap 14 Proprietary Limited (“Metcap 14”) and Cream Magenta 140 Proprietary Limited informed
Mettle Investments that they have each acquired a beneficial interest in the Company, such that their
respective beneficial interests in Mettle Investments shares are 6.57% each of the total issued
ordinary share capital of the Company.

Redbill Holdings Proprietary Limited has informed Mettle Investments that it has disposed of its
beneficial interest in the Company of 11.6%, such that its total beneficial interest in Mettle
Investments, following the disposal is 0% of the total issued ordinary share capital of the Company.

As required in terms of Section 122(3)(a) of the Companies Act, 2008 (Act No. 71 of 2008), as
amended, Mettle Investments will file the required notice with the Takeover Regulation Panel.

Director dealing

In compliance with paragraphs 3.63 of the JSE Listings Requirements, the following additional
director’s dealing information is disclosed in respect of the purchase of ordinary shares in Mettle
Investments by Metcap 14, an associate of a director of the Company:

Name of director:                                    Marco van Zyl Wentzel

Type of director:                                    Independent non-executive director

Name of associate:                                   Metcap 14

Relationship:                                        Marco van Zyl Wentzel and immediate family
                                                     are beneficiaries of a trust which wholly-owns
                                                     Metcap 14

Nature of transaction:                               Off-market purchase of Mettle Investment
                                                     shares, settled through delivery of Tradehold
                                                     Limited shares

Number and class of securities purchased:            14 103 429 ordinary shares

Date of transaction:                                 08 June 2018

Price:                                               178 cents per share

Total value:                                         R25 034 899.11

Nature of interest:                                  Indirect beneficial


11 June 2018
Cape Town

Designated Advisor
Questco Corporate Advisory Proprietary Limited

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