Dealing in securities by an associate of directors METAIR INVESTMENTS LIMITED (Incorporated in the Republic of South Africa) (Registration Number 1948/031013/06) ISIN: ZAE000090692 Share code: MTA (“Metair” or the “Company”) DEALING IN SECURITIES BY AN ASSOCIATE OF DIRECTORS In compliance with paragraphs 3.63 to 3.66 of the JSE Limited Listings Requirements (“Listings Requirements”), Metair shareholders are hereby advised of the following transactions by an associate of directors of the Company: Name of director(s): Mr S. Sithole and Mr P. Moeketsi, being non-executive directors of Metair Name of associate: Value Capital Partners Proprietary Limited (“VCP”)* Nature of transactions: Purchase of Metair shares Class of securities: Ordinary shares Nature and extent of interest: Indirect beneficial Transaction completed: On-market Clearance given in terms of Yes paragraph 3.66 of the Listings Requirements: Transaction 1 Date of transaction: 24 May 2019 Number of ordinary shares: 1 482 530 Price per ordinary share: R23.4982 Value of transaction: R34 836 786.45 Transaction 2 Date of transaction: 27 May 2019 Number of ordinary shares: 409 721 Price per ordinary share: R23.50 Value of transaction: R9 628 443.50 Transaction 3 Date of transaction: 28 May 2019 Number of ordinary shares: 239 234 Price per ordinary share: R23.50 Value of transaction: R5 621 999.00 * Mr S Sithole and Mr P Moeketsi have an indirect beneficial interest in VCP, which is the advisor to Legae Peresec Fund Platform Proprietary Limited, the registered investment manager for various funds advised by VCP. Johannesburg 29 May 2019 Sponsor One Capital Date: 29/05/2019 09:55:00 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.