Further postponement of finalisation annoncement 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") FURTHER POSTPONEMENT OF FINALISATION ANNOUNCEMENT 1. FURTHER POSTPONEMENT OF FINALISATION ANNOUNCEMENT Metmar shareholders are referred to the announcement released on SENS on Thursday, 27 August 2015 advising of a postponement of the finalisation announcement relating to 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"). While significant progress has been made with the fulfilment and/or waiver of the remaining outstanding conditions precedent to the Scheme, certain of the conditions precedent have not yet been fulfilled or waived and therefore Metmar is unfortunately not yet able to publish a revised timetable as previously anticipated. Metmar shareholders will be advised of the revised timetable as soon as it is possible to do so. Metmar shareholders are reminded that the implementation agreement governing the Scheme provides that certain of the conditions precedent are to be satisfied on or before the long-stop date of 30 September 2015, which date may be extended by Traxys until 30 October 2015. 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 15 September 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: 15/09/2015 10:12:00 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.