MERAFE RESOURCES LIMITED - Ferrochrome price announcement for the fourth quarter of 2018

Ferrochrome price announcement for the fourth quarter of 2018

Merafe Resources Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1987/003452/06)
JSE share code: MRF
ISIN: ZAE000060000
(“Company”)

Ferrochrome price announcement for the fourth quarter of 2018

Shareholders of the Company are advised that the European benchmark ferrochrome price has been
settled at USD124 cents per pound for the fourth quarter of 2018, a decrease of 10.1% from the
USD138 cents per pound price in the third quarter of 2018.


Sandton
03 October 2018

Sponsor
One Capital

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