Finalisation Announcement in respect of the Scheme 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”) Mantessa Equities Proprietary Limited Granadino Investments Proprietary Limited (Incorporated in the Republic of South Africa) (Incorporated in the Republic of South Africa) (Registration number: 2015/358994/07) (Registration number: 1984/002514/07) (“Mantessa”) (“Granadino”) The Trustees of the Peridot Trust Master’s Reference Number IT432/2010 (“Peridot”) (Mantessa, Granadino and Peridot collectively the “Offerors”) FINALISATION ANNOUNCEMENT IN RESPECT OF THE SCHEME 1. Introduction 1.1. Shareholders are referred to the circular issued to Shareholders on 19 October 2020 (the “Circular”) and the announcements released on the Stock Exchange News Service (“SENS”) by Mettle and the Offerors on 11 September 2020, 19 October 2020 and 24 November 2020 in relation to the Scheme. 1.2. Capitalised words and phrases in this announcement shall, unless the context indicates otherwise, bear the same meanings ascribed thereto in the Circular. 2. Conditions Precedent to the Scheme Mettle and the Offerors are pleased to announce that all remaining conditions precedent to the Scheme, as detailed in the Circular, have now been fulfilled or, where applicable, waived, and that the Scheme has, accordingly, become unconditional. 3. Important Dates and Times The important dates and times in relation to the Scheme are set out in the table below. Finalisation announcement published on SENS Friday, 11 December 2020 Scheme LDT to be recorded in the Register on the Scheme Monday, 28 December 2020 Record Date on Suspension of listing of Shares on the Altx on Tuesday, 29 December 2020 Scheme Record Date to receive settlement of the Scheme Thursday, 31 December 2020 Consideration in terms of the Scheme on Operative Date on Monday, 4 January 2021 Dematerialised Scheme Participants expected to have their Monday, 4 January 2021 accounts held at their Broker or CSDP debited with the Scheme Consideration on Settlement of the Scheme Consideration to be paid Monday, 4 January 2021 electronically or posted by cheque to certificated Scheme Participants on Termination of listing of the Shares on the Altx at the Tuesday, 5 January 2021 commencement of trade on 4. Dissenting Shareholders Further to the SENS announcement published on 24 November 2020, the Company has received Valid Appraisal Demands from Dissenting Shareholders in respect of 802 799 Mettle Shares (comprising approximately 0.32% of Mettle’s total issued share capital) in terms of section 164 of the Companies Act. The appraisal rights process will be followed, to the extent applicable and required, in accordance with section 164 of the Companies Act, and will not affect the implementation of the Scheme. 5. Responsibility Statement 5.1. The board of directors of Mettle accepts responsibility for the information contained in this announcement as it pertains to Mettle. To the best of the Independent Board's knowledge and belief, the information contained in this announcement as it pertains to Mettle is true and nothing has been omitted which is likely to affect the importance of such information. 5.2. The Offerors accept responsibility for the information contained in this announcement as it pertains to the Offerors. To the best of the Offerors’ knowledge and belief, the information contained in this announcement is true and nothing has been omitted which is likely to affect the importance of such information. Cape Town 11 December 2020 Joint Corporate Advisor and Designated Advisor Joint Corporate Advisor Questco Proprietary Limited Mettle Corporate Finance Proprietary Limited Legal Advisor to the Company Legal Advisor to the Offerors RH Legal Edward Nathan Sonnenbergs Inc t/a ENSafrica Independent Expert Nodus Capital TS Proprietary Limited Date: 11-12-2020 09:38:00 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.