METTLE INVESTMENTS LIMITED - Availability of the Independent Experts Opinion in respect of a Small Related Party Transaction

Availability of the Independent Expert’s Opinion in respect of a Small Related Party Transaction

METTLE INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2008/002061/06)
JSE share code: MLE
ISIN: ZAE000257622
("Mettle” or "the Company")

AVAILABILITY OF THE INDEPENDENT EXPERT’S OPINION IN RESPECT OF A SMALL RELATED PARTY TRANSACTION

 Shareholders are referred to the announcement released on SENS on 8 April 2020 in which
 shareholders were advised that Reward Investments (No. 2) Limited (“Reward”), a subsidiary of the
 Company, had concluded an agreement with Truly Alternative Limited (“TAL”) in terms of which Reward
 would acquire from TAL 100 Reward Finance Group Limited (“RFG”) “B” shares, equating to an effective
 10% of the issued share capital of RFG, for an aggregate cash consideration of GBP 2 000 000 (“the
 Transaction”). After the implementation of the Transaction, Reward will have an effective 82.5% interest
 in the issued share capital of RFG.

 Nodus Capital TS (Proprietary) Limited was appointed as Independent Professional Expert in
 accordance with the Listings Requirements of the JSE Limited and has concluded that the terms of the
 Transaction are fair to Mettle shareholders. Such report is available for inspection on Mettle’s website
 for 28 days from today at the following link: https://mettleinvestments.com/investor-
 information/sens-announcements

 Cape Town
 04 May 2020

 Designated Advisor
 Questco Corporate Advisory (Pty) Ltd

 Independent Expert
 Nodus Capital TS (Proprietary) Limited

Date: 04-05-2020 12:27:00
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.