METAIR INVESTMENTS LIMITED - Dealings in securities

Dealings in securities

METAIR INVESTMENTS LIMITED
(Reg No. 1948/031013/06)
(Incorporated in the Republic of South Africa)
Share code : MTA
ISIN code : ZAE000090692
(“Metair”)

DEALINGS IN SECURITIES

In accordance with the requirements of paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements
(“Listings Requirements”), the following off-market transactions by directors of Metair and its major subsidiaries
and the company secretary (“Participants”) are hereby disclosed.

ALLOCATION OF SHARE APPRECIATION RIGHTS

The terms and conditions of the share appreciation rights (“SARs”) are:

 Date of award                                 27 November 2018
 Number of SARs awarded to Participants        414 025
 Price paid per SAR                            Nil
 Total value of transaction                    Nil
 Allocation price per SAR                      R17.70
 Nature of transaction                         Acceptance of awards
 First vesting date                            27 November 2021
 Vesting period                                In equal thirds on the 3rd, 4th and 5th anniversaries but need not
                                               be exercised until the 6th anniversary
 Clearance obtained in terms of paragraph      Yes
 3.66 of the Listings Requirements

The details of the allocation of the SARs per Participant are set out below. The nature of the interest of all
Participants is direct beneficial.

 Participant                           Company name                                      No. of SARs accepted
 Mr A. Lulsdorf                        Mutlu Holding Anonim Sirketi                                    49 681
 Mr T. Tulgar                          Mutlu Holding Anonim Sirketi                                    13 751
 Mr M. Aksel Bukagikiran               Mutlu Holding Anonim Sirketi                                    14 163
 Mr H. Demir                           Mutlu Holding Anonim Sirketi                                    14 026
 Mr Y. Kaptan                          Mutlu Holding Anonim Sirketi                                    19 067
 Mr H. Okur                            Mutlu Holding Anonim Sirketi                                    15 527
 Mr V. Kizil                           Mutlu Holding Anonim Sirketi                                    10 250
 Ms S. Emiroglu                        Mutlu Holding Anonim Sirketi                                     9 670
 Mr D. Seker                           Mutlu Holding Anonim Sirketi                                    14 982
 Mr C.T. Loock                         Metair                                                         152 663
 Mr S. Douwenga                        Metair                                                          75 110
 Mr A. Jogia                           Metair                                                          11 868
 Ms S.M. Vermaak                       Metair                                                          13 267

Johannesburg
27 November 2018

Sponsor
One Capital

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