Changes to the board of directors and investment committee Metair Investments Limited (Incorporated in the Republic of South Africa) (Registration number 1948/031013/06) ISIN: ZAE000090692 Share code: MTA (“Metair” or the “Company”) CHANGES TO THE BOARD OF DIRECTORS AND INVESTMENT COMMITTEE In compliance with paragraph 3.59 of the JSE Limited Listings Requirements, Metair shareholders are hereby advised of the following changes to the board of directors of Metair (“Board”) and the investment committee of the Company (“Committee”): - Mr. T.P. Moeketsi, an independent non-executive director of the Company, has resigned from the Board and as a member of the Committee with effect from 26 June 2019; and - Ms N. Mkhondo has been appointed as an independent non-executive director of the Company and as a member of the Committee with effect from 28 June 2019. Ms Mkhondo is an Investment Director at Value Capital Partners (Pty) Limited (“VCP”). Prior to joining VCP, Ms Mkhondo was a seasoned investment banking and corporate finance professional, having spent time at Goldman Sachs International Plc (“Goldman Sachs”) and Anglo American Plc (“Anglo American”) (both based in the United Kingdom) where she was responsible for mergers and acquisition execution, investment evaluation and strategic long-term financial planning. During her time at Goldman Sachs and Anglo American, Ms Mkhondo executed cross-border transactions in the consumer / retail, healthcare, real estate and metals and mining sectors across the United Kingdom, Africa and the Americas. Ms Mkhondo is a Chartered Accountant (SA) by profession, having begun her career in the Audit and Advisory Financial Institutions Services Team at Deloitte & Touche, in Johannesburg. In addition, Ms Mkhondo has a Masters of Business Administration from the London Business School, where she was a Mo Ibrahim Scholar. Ms Mkhondo currently serves on the board of directors of PPC Limited and Novus Holdings Limited. The Board would like to thank Mr Moeketsi for his contribution to the Company and welcomes Ms Mkhondo to the Board. Johannesburg 28 June 2019 Sponsor One Capital Date: 28/06/2019 08:00:00 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.