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” or the “Company”) 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 transactions by directors of Metair and its major subsidiaries and the company secretary (“Participants”) are hereby disclosed. 1. ALLOCATION OF PERFORMANCE SHARES The terms and conditions of the performance shares (“PS”) are: Date of award 3 April 2019 Number of PS awarded to Participants 180 355 Price paid per PS Nil Total value of transaction Nil Allocation price per PS R22.20 being the closing price on 2 April 2019 Class of securities Ordinary shares Nature of transaction Acceptance of PS Vesting date 3 April 2022 Vesting period PS vest on the third anniversary of the award date to the extent that the Company’s performance criteria during the intervening period has been met. Transaction completed on market No Clearance obtained in terms of paragraph 3.66 of the Listings Yes Requirements The details of the allocation of the PS per Participant are set out below. The nature of the interest of all Participants is direct beneficial. Deemed value of PS Director Company name No. of PS accepted (Rand) Mr A. Lulsdorf Mutlu Holding Anonim Sirketi 22 297 494 993 Mr T. Tulgar Mutlu Holding Anonim Sirketi 5 675 125 985 Mr M. Bukagikiran Mutlu Holding Anonim Sirketi 5 845 129 759 Ms S. Emiroglu Mutlu Holding Anonim Sirketi 4 959 110 090 Mr H. Demir Mutlu Holding Anonim Sirketi 5 788 128 494 Mr Y. Kaptan Mutlu Holding Anonim Sirketi 7 869 174 692 Mr H. Okur Mutlu Holding Anonim Sirketi 6 408 142 258 Mr V. Kizil Mutlu Holding Anonim Sirketi 5 257 116 705 Mr D. Seker Mutlu Holding Anonim Sirketi 6 183 137 263 Mr C.T. Loock Metair 62 615 1 390 053 Mr S. Douwenga Metair 29 247 649 283 Mr A. Jogia Metair 8 516 189 055 Ms S.M. Vermaak Metair 9 696 215 251 2. EXERCISE, VESTING AND SALE OF PERFORMANCE SHARES On 1 April 2016, Metair ordinary shares (“Shares”) were conditionally granted (“Performance Shares”) to certain Participants, in accordance with the Metair Investments Limited 2009 Share Plan. These Performance Shares have vested and have been exercised by the Participants pursuant to which the Participants received Shares at no cost, as per the table below. The nature of the interest of the Participants is direct beneficial. DETAILS OF EXERCISE AND VESTING OF PERFORMANCE SHARES Total number of Shares exercised/settled 117 620 Deemed value of Performance Shares on exercise R2 692 321.80 at a price of R22.89, being the closing price on 29 March 2019 Class of Securities Ordinary shares Nature of transaction Settlement of Performance Shares Date of Award 1 April 2016 Date of Performance Shares exercised/settled 1 April 2019 Vesting period Performance Shares vest on the third anniversary of the award date to the extent that the Company’s performance criteria during the intervening period has been met. Clearance obtained in terms of paragraph 3.66 of the Listings Yes Requirements In order to facilitate the disposal of these Shares received by the Participants in an orderly fashion, the Participants have entered into a pooled sale in terms of which the Participant’s Shares were disposed through a single arranged on-market trade on 1 April 2019, as per the table below: DETAILS OF SALE OF SHARES Date of transaction 1 April 2019 Nature of transaction On-market sale of shares Class of Share Ordinary shares Price per Share R22.6072 Total number of Shares sold 98 436 Total value of Shares sold R2 225 352.50 Clearance obtained in terms of paragraph 3.66 of the Listings Yes Requirements Details of the exercise of the Performance Shares, the related receipt of Shares and sale of Shares per Participant are tabled below: Director Company No. of Deemed value of No. of Shares Value of Shares Name Performance Performance sold sold (Rand) Shares exercised Shares (Rand) Mutlu Holding 4 077 93 322.53 4 077 92 169.55 Mr T. Tulgar Anonim Sirketi Mutlu Holding 4 315 98 770.35 4 315 97 550.07 Mr M. Bukagikiran Anonim Sirketi Mutlu Holding 4 245 97 168.05 4 245 95 967.56 Mr H. Demir Anonim Sirketi Mr Y. Kaptan Mutlu Holding 5 451 124 773.39 5 451 123 231.85 Anonim Sirekti Mr H. Okur Mutlu Holding 4 581 104 859.09 4 581 103 563.58 Anonim Sirketi Mr C.T. Loock Metair 53 654 1 228 140.06 53 654 1 212 966.71 Mr S. Douwenga Metair 26 097 597 360.33 13 049 295 001.35 Mr A. Jogia Metair 7 317 167 486.13 5 122 115 794.08 Ms S.M. Vermaak Metair 7 883 180 441.87 3 942 89 117.58 3. EXERCISE AND VESTING OF RETENTION BONUS SHARES On 1 April 2016, Shares were conditionally granted (“Bonus Shares”), to Mr Loock in accordance with the Metair Investments Limited 2009 Share Plan. The Bonus Shares have vested and have been exercised by Mr Loock pursuant to which Mr Loock received Shares at no cost, as per the table below. The nature of the interest of Mr Loock is direct beneficial. DETAILS OF EXERCISE AND VESTING OF BONUS SHARES Total number of Shares exercised/settled 800 000 Deemed value of Bonus Shares on exercise R18 312 000 at a price of R22.89 per Share, being the closing price on 29 March 2019 Class of Securities Ordinary shares Nature of transaction Settlement of Bonus Shares Date of Award 1 April 2016 Date of Bonus Shares exercised/settled 1 April 2019 Vesting period Bonus Shares vest on the third anniversary of the award date. Clearance obtained in terms of paragraph 3.66 of the Listings Yes Requirements 4. SALE OF SHARES BY A DIRECTOR Metair Shareholders are further advised that Mr Loock sold Shares, as per the table below. The nature of the interest of Mr Loock is direct beneficial. DETAILS OF SALE OF SHARES Date of transaction 1 April 2019 Nature of transaction On-market sale of shares Class of Share Ordinary shares Price per Share R22.6072 Total number of Shares sold 130 846 Total value of Shares sold R2 958 061.69 Clearance obtained in terms of paragraph 3.66 of the Listings Yes Requirements and in accordance with the Company’s Remuneration Policy Johannesburg 3 April 2019 Sponsor One Capital Date: 03/04/2019 04:45:00 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.