METMAR LIMITED - Finalisation announcement

Finalisation announcement

 Metmar Limited                                        Traxys Africa Proprietary Limited
 (Incorporated in the Republic of South Africa)        (Incorporated in the Republic of South Africa)
 (Registration number 1998/007269/06)                  (Registration number 1992/002255/07)
 JSE Share Code: MML ISIN: ZAE000078747                ("Traxys")
 ("Metmar")


FINALISATION ANNOUNCEMENT

1.    FINALISATION OF THE SCHEME

      Metmar shareholders are referred to the announcement released on SENS on Wednesday, 30
      September 2015 providing an update on progress in the finalisation of the cash offer by Traxys
      to acquire all the issued shares of Metmar by way of a scheme of arrangement in terms of
      section 114 of the Companies Act 71 of 2008, as amended, (the "Scheme").

      Metmar shareholders are advised that the previously outstanding conditions precedent
      pertaining to the Scheme, being receipt of JSE approval for the delisting of Metmar's shares
      and the issuance of a compliance certificate by the Takeover Regulation Panel in relation to the
      Scheme, have been fulfilled and accordingly the Scheme is now unconditional. Metmar
      shareholders are further advised that the important dates and times pertaining to the Scheme
      set out in the SENS announcement of Wednesday, 30 September 2015 remain unchanged.

2.    TRAXYS RESPONSIBILITY STATEMENT

      Traxys (to the extent that the information relates to Traxys) accepts responsibility for the
      information contained in this announcement and, to the best of its knowledge and belief,
      confirms that the information is true and this announcement does not omit anything likely to
      affect the importance of the information included.

3.    INDEPENDENT BOARD RESPONSIBILITY STATEMENT

      The independent board of Metmar established to consider the Scheme (to the extent that the
      information relates to Metmar) accepts responsibility for the information contained in this
      announcement and, to the best of its knowledge and belief, confirms that the information is true
      and this announcement does not omit anything likely to affect the importance of the information
      included.

Bryanston

9 October 2015


Investment bank, corporate advisor and sponsor to Metmar: Nedbank CIB
Legal advisor to Metmar: Webber Wentzel
Legal advisor to Traxys: Edward Nathan Sonnenbergs Incorporated

Date: 09/10/2015 10:00:00 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.