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 2020 Number of PS awarded to Participants 786 224 Price paid per PS Nil Total value of transaction Nil Allocation price per PS R14.35 being the closing price on 2 April 2020 Class of securities Ordinary shares Nature of transaction Acceptance of PS Vesting date 3 April 2023 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 T. Tulgar Mutlu Holding Anonim Sirketi 113 779 1 632 729 Mr M. Bukagikiran Mutlu Holding Anonim Sirketi 25 454 365 265 Ms S. Emiroglu Mutlu Holding Anonim Sirketi 24 270 348 275 Mr Y. Kaptan Mutlu Holding Anonim Sirketi 30 346 435 465 Mr D. Seker Mutlu Holding Anonim Sirketi 31 081 446 012 Mr C.T. Loock Metair 324 251 4 653 002 Mr S. Douwenga Metair 158 812 2 278 952 Mr A. Jogia Metair 36 229 519 886 Ms S.M. Vermaak Metair 42 002 602 729 2. VESTING, EXERCISE AND SALE OF PERFORMANCE SHARES On 3 April 2017, 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 VESTING AND EXERCISE OF PERFORMANCE SHARES Total number of Shares exercised/settled 215 487 Deemed value of Performance Shares on exercise R3 092 238 at a price of R14.35, being the closing price on 2 April 2020 Class of Securities Ordinary shares Nature of transaction Settlement of Performance Shares Date of Award 3 April 2017 Date of Performance Shares exercised/settled 3 April 2020 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 arranged on-market trades on 6 April 2020 to 8 April, both days inclusive (“Sale Period”), as per the table below: DETAILS OF SALE OF SHARES Nature of transaction On-market sale of shares Class of Share Ordinary shares Price per Share Various different trades during the Sale Period with the following price information: - volume weighted average price of R14.3396; - highest price of R15.00; and - lowest price of R14.20 Total number of Shares sold 176 939 Total value of Shares sold R2 537 234.48 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 Performance Deemed value of No. of Value of Shares Name Shares exercised Performance Shares (Rand) Shares sold sold (Rand) Mutlu Holding 8 715 125 060 8 715 124 970 Mr T. Tulgar Anonim Sirketi Mutlu Holding 9 223 132 350 0 0 Mr M. Bukagikiran Anonim Sirketi Mutlu Holding 12 319 176 778 0 0 Mr Y. Kaptan Anonim Sirekti Mr D. Seker Mutlu Holding 9 468 135 866 0 0 Anonim Sirketi Mr C.T. Loock Metair 98 876 1 418 871 98 876 1 417 842 Mr S. Douwenga Metair 48 326 693 478 48 326 692 976 Mr A. Jogia Metair 13 484 193 495 13 484 193 355 Ms S.M. Vermaak Metair 15 076 216 341 7 538 108 092 Johannesburg 9 April 2020 Sponsor One Capital Date: 09-04-2020 01:05:00 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. 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