Changes to the board of directors and various committees Metair Investments Limited (Incorporated in the Republic of South Africa) (Registration number 1948/031013/06) Share code: MTA ISIN: ZAE000090692 (“Metair” or the “Company”) CHANGES TO THE BOARD OF DIRECTORS AND VARIOUS COMMITTEES In compliance with paragraph 3.59 of the JSE Limited Listings Requirements, Metair shareholders are advised that Messrs RS Broadley and L Soanes, independent non- executive directors of the Company, will be retiring from the board of directors of Metair (“Board”), with effect from 31 December 2018. Accordingly, the Board has resolved that, with effect from 31 December 2018: - Mr B Mawasha and Ms PPJ Derby, independent non-executive directors of the Company, will replace Messrs Broadley and Soanes on the remuneration committee; and - Mr S Douwenga, an executive director of the Company, will resign from the social and ethics committee, to ensure that the respective committees are properly constituted. The Board would like to thank Messrs Broadley and Soanes for their valuable service and contribution to the Company during their tenure. As two of the longest serving Board members, Messrs Broadley and Soanes have been instrumental in the success of Metair. Johannesburg 14 December 2018 Sponsor One Capital Date: 14/12/2018 10:05:00 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.