METAIR INVESTMENTS LIMITED - Update regarding the disposal - Turkish Competition Board deemed approval

Update regarding the disposal - Turkish Competition Board deemed approval

METAIR INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1948/031013/06
ISIN: ZAE000090692
JSE and A2X share code: MTA
("Metair")

UPDATE REGARDING THE DISPOSAL – TURKISH COMPETITION BOARD DEEMED APPROVAL

Unless otherwise defined herein, capitalised words and terms contained in this announcement shall bear the same
meanings ascribed thereto in the circular to shareholders of Metair ("Shareholders") dated
Monday, 30 September 2024 ("Disposal Circular").

1.    INTRODUCTION

      Shareholders are referred to the Disposal Circular as well as the announcements published by Metair on SENS on
      Tuesday, 17 September 2024, Monday, 30 September 2024 and Wednesday, 30 October 2024 pertaining the
      Disposal.

2.    UPDATE REGARDING THE DISPOSAL

      Shareholders are hereby advised that on 7 November 2024, the Turkish Competition Board confirmed that its
      consent is not required for the Disposal. Accordingly, a deemed approval of the Turkish Competition Board for the
      Disposal referred to in paragraph 5.2.1.2 of the Disposal Circular has been received and the relevant Condition
      has been fulfilled.

      Implementation of the Disposal remains subject to the fulfilment or waiver of the remaining Condition, being the
      execution by the relevant Mutlu Group companies of a financing agreement, as referred to in paragraph 5.2.1.3 of
      the Disposal Circular ("Outstanding Condition").

      A further announcement will be published in due course wherein Shareholders will be provided with an update in
      respect of the Outstanding Condition.

      To obtain a thorough understanding of the Disposal, Shareholders are advised to refer to the full terms
      and conditions pertaining thereto as set out in the Disposal Circular.


12 November 2024
Johannesburg

Sponsor and Transaction Sponsor to Metair                     
One Capital                                               

South African Legal Advisor to Metair
Webber Wentzel

Sole Financial Advisor to Metair                               
Rand Merchant Bank (a division of FirstRand Bank Limited) (a partner firm of Clairfield International)

Legal Advisor to Metair
Linklaters

Date: 12-11-2024 02:45:00
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