MERAFE RESOURCES LIMITED - Posting of AFS, no change statement, notice of AGM, availability of the B-BBEE report and changes to the board

Posting of AFS, no change statement, notice of AGM, availability of the B-BBEE report and changes to the board

Merafe Resources Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1987/003452/06)
JSE share code: MRF
ISIN: ZAE000060000
(“Merafe” or the “Company”)

POSTING OF SUMMARISED CONSOLIDATED ANNUAL FINANCIAL STATEMENTS, NO CHANGE
STATEMENT, NOTICE OF ANNUAL GENERAL MEETING, AVAILABILITY OF B-BBEE REPORT AND
CHANGES TO THE BOARD OF DIRECTORS

1. POSTING OF SUMMARISED CONSOLIDATED ANNUAL FINANCIAL STATEMENTS, NO CHANGE
   STATEMENT AND AVAILABILITY OF THE INTEGRATED ANNUAL REPORT
   Shareholders of Merafe (“Shareholders”) are advised that the summarised consolidated annual
   financial statements of Merafe for the year ended 31 December 2018, accompanied by the notice of
   annual general meeting (“AGM”) have been distributed to Shareholders today, 28 March 2019.

   The annual financial statements (“AFS”) and the unmodified auditor’s report thereon contain no
   modifications to the summarised consolidated annual financial statements published on SENS on
   11 March 2019.

   The AFS and the 2018 Integrated Annual Report (“IAR”) are available on the Company’s website at
   http://www.meraferesources.co.za/stake-annual-results.php and copies may be obtained at the
   Company’s registered office (Building B, 2nd Floor, Ballyoaks Office Park, 35 Ballyclare Drive,
   Bryanston), on request from the Company Secretary.

2. NOTICE OF ANNUAL GENERAL MEETING
   Notice is hereby given that the AGM will be held at the offices of the Company at Building B, 2nd Floor,
   Ballyoaks Office Park, 35 Ballyclare Drive, Bryanston at 11:00 on Wednesday, 15 May 2019, for the
   purpose of transacting the business as outlined in the notice of AGM.

   The record date for Shareholders to be recorded as such in the securities register of Merafe in order to
   be able to attend, participate and vote at the AGM is Friday, 10 May 2019. Accordingly, the last date to
   trade to be eligible to attend, participate and vote at the AGM is Monday, 6 May 2019.

3. AVAILABILITY OF THE BROAD-BASED BLACK ECONOMIC EMPOWERMENT (“B-BBEE”)
   ANNUAL COMPLIANCE REPORT
   Shareholders are advised that the Company’s annual compliance report prepared pursuant to section
   13(G)(2) of the Broad-Based Black Economic Empowerment Act No. 53 of 2003, is available on the
   Company’s website at http://www.meraferesources.co.za/pdf/policies/2019/b-bbee-certificate.pdf.

4. CHANGES TO THE BOARD OF DIRECTORS
   In compliance with paragraph 3.59 of the JSE Limited Listings Requirements, Shareholders are
   advised that Mr Chris Molefe will retire from the Merafe board of directors (“Board”) at the AGM and has
   not offered himself for re-election. The Board would like to thank Mr Molefe for his invaluable service to
   the Company during his tenure and wishes him every success in his future endeavours.
   
   Shareholders are further advised that Mr Abiel Mngomezulu, an independent non-executive director of
   the Company, will succeed Mr Molefe as Chairperson of the Board and the Nomination Committee
   following the conclusion of the AGM and will consequently step down as Chairperson of the
   Remuneration Committee and as a member of the Audit and Risk Committee. Mr Mngomezulu will
   remain a member of the Remuneration Committee.

   The Board wishes Mr Mngomezulu well in his new role.

   The appointment of the Chairperson of the Remuneration Committee and member of the Nomination
   Committee will be made in due course, to ensure that the Remuneration and Nomination Committee is
   properly constituted, and Shareholders will be informed accordingly.



Sandton
28 March 2019

Sponsor
One Capital

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