Availability of investor presentation, update regarding the potential acquisition of TAB and renewal of cautionary
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”)
AVAILABILITY OF INVESTOR PRESENTATION, UPDATE REGARDING THE POTENTIAL
ACQUISITION OF TAB AND RENEWAL OF CAUTIONARY
Shareholders are advised that Metair will be participating in and presenting at the Avior Corporate
Summit 2018, to be held on 26, 27 and 28 June 2018 (“Summit”).
The presentation that will be delivered by Metair at the Summit will contain, inter alia, information
regarding the potential acquisition by Metair of Tovarna Akumulatorskih Baterij d.d. (“TAB”),
(the “Potential Transaction”), as detailed in the cautionary announcement published on SENS on
Friday, 1 June 2018 (“Cautionary Announcement”). A copy of the presentation will be available on
Metair’s website (www.metair.co.za) from Tuesday, 26 June 2018.
Additionally, further to the Cautionary Announcement, Shareholders are advised that the Company and
its advisors, through the due diligence process, were in the process of assessing the efficiency of
funding the purchase consideration in regard to the Potential Transaction (“Purchase Consideration”)
through forms of debt or equity or a combination thereof. The Company has determined that, in light of
the recent decline in the share price of Metair, the equity funding alternative may not be the most
beneficial and efficient manner in which to further the objectives of the Potential Transaction.
Accordingly, the Company and its advisors are currently focussing their assessment on the most
effective and efficient debt funding alternatives for purposes of settling the Purchase Consideration.
Shareholders are reminded that the Potential Transaction is still in its early stages and is subject to a
number of conditions including, inter alia, satisfactory completion of a detailed full scope due diligence,
negotiating the final terms of the Potential Transaction with the shareholders of TAB, Metair securing
the required financial and shareholder support and other conditions customary to a transaction of this
nature, such as regulatory and shareholder approvals.
Shareholders are advised to continue to exercise caution when dealing in the Company’s securities
until a further announcement regarding the Potential Transaction and the Potential BEE Transaction
(as defined in the Cautionary Announcement) is published.
25 June 2018
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