Share repurchase programme Metair Investments Limited (Incorporated in the Republic of South Africa) (Registration number 1948/031013/06) Share code: MTA ISIN: ZAE000090692 (“Metair” or the “Company”) SHARE REPURCHASE PROGRAMME Metair shareholders (“Shareholders”) are advised that the Company has established a share repurchase programme in terms of which the Company and / or its subsidiaries may repurchase up to 9 949 294 ordinary shares (“Metair Shares”), being 5% of the Company’s issued share capital, pursuant to and in accordance with the authority granted by Shareholders at the Company’s annual general meeting held on Wednesday, 2 May 2018 (“Repurchase Programme”). The total capital allocated by Metair for the Repurchase Programme is R150 million. The Repurchase Programme will commence on 22 October 2018 and will extend to 15 March 2019. Metair Shares purchased in terms of the Repurchase Programme may not be made at a price greater than 10% above the volume weighted average trading price of Metair Shares over the five trading days immediately preceding any particular repurchase and will be effected through the order book operated by the JSE Limited, without any prior understanding or arrangement between the Company and / or its subsidiaries and the counterparties. The Repurchase Programme may be discontinued at any time and the Company and / or its subsidiaries have no obligation to repurchase any amount of Metair Shares under the Repurchase Programme. Johannesburg 22 October 2018 Sponsor One Capital Date: 22/10/2018 07:12:00 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.
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