CANCELLATION OF S413485 Appointment of an independent non-executive director MERAFE RESOURCES LIMITED (Incorporated in the Republic of South Africa) (Registration number 1987/003452/06) Share Code: MRF ISIN: ZAE000060000 (“Merafe” or the “Company”) APPOINTMENT OF AN INDEPENDENT NON-EXECUTIVE DIRECTOR In terms of paragraph 3.59 of the JSE Limited Listings Requirements, Merafe shareholders are advised that Mr Jeff McClaughlan has been appointed as an independent non-executive director of Merafe board of directors (“Board”) with effect from 1 April 2019. Mr McClaughlan holds a Master’s degree in Business Administration and Finance from the Open University, an Advanced Professional Management Programme from the University of South Africa (Unisa) and a National Diploma in Electrical and Instrumentation. He has more than 38 years’ experience in the South African mining sector including various roles at Middelburg Steel and Alloys Proprietary Limited, Consolidated Metallurgical Industries Limited, Xstrata South Africa Proprietary Limited and Glencore Operations South Africa Proprietary Limited. Mr McClaughlan is President of the International Chrome Development Association and is a member of the Institute of Electrical and Mechanical Engineers, South Africa. The Board welcomes Mr McClaughlan and wishes him well in his role at Merafe. Sandton 9 April 2019 Sponsor One Capital Date: 09/04/2019 12:31:59 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.