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Dealings in securities
METAIR INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1948/031013/06
ISIN: ZAE000090692
JSE and A2X share code: MTA
("Metair" or the "Company")
DEALINGS IN SECURITIES
In accordance with the requirements of paragraphs 6.77 to 6.89 of the JSE Listings Requirements ("Listings Requirements"),
the following transactions by directors, prescribed officers and the company secretary of Metair, as well as directors of the
Company's major subsidiary (collectively, the "Participants") are hereby disclosed.
1. ALLOCATION AND ACCEPTANCE OF PERFORMANCE SHARES IN TERMS OF THE METAIR INVESTMENTS
LIMITED 2009 SHARE PLAN
The terms and conditions of the performance shares ("Performance Shares") are:
Date of award 1 April 2026
Number of Performance Shares awarded to Participants 4 632 028
Price paid per Performance Share Nil
Total value of transaction Nil
Allocation price per Performance Share R4.4213, being the 20-day volume weighted average
price ("VWAP") on 31 March 2026
Class of securities Ordinary shares
Nature of transaction Acceptance of Performance Shares
Date of acceptance 1 April 2026
Vesting date 1 April 2029
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 have
been met
Transaction completed Off-market
Clearance obtained in terms of paragraph 6.83 of the Listings
Requirements Yes
The details of the allocation of the Performance Shares per Participant are set out below. The nature and extent of the interest
of all Participants is direct beneficial.
Number of Performance Deemed value of Performance
Participants Shares accepted Shares (Rand)
Executive Directors, prescribed officers and Company Secretary of Metair
Mr P.S. O'Flaherty – Chief Executive Officer 1 737 215 7 680 749
Mr A.J. Walker – Chief Financial Officer 561 345 2 481 875
Mr G. Braun – Chief Operating Officer 447 832 1 980 000
Mr J. Mouton – Chief Operating Officer 446 713 1 975 052
Ms L. Otto – Human Resources Executive 136 495 603 485
Ms S.M. Vermaak – Company Secretary 219 835 971 956
Executive Directors of Hesto Harnesses Proprietary Limited ("Hesto")
Mr A. Holmes 444 585 1 965 644
Mr C. Bothma 219 811 971 850
Mr P. Vermaak 218 415 965 678
Mr S. Govender 199 782 883 296
2. VESTING AND EXERCISE OF PERFORMANCE SHARES
On 1 April 2023, Performance Shares were conditionally granted 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 Metair ordinary shares ("Shares") at no cost, as per the table below.
The nature and extent of the interest of the Participants is direct beneficial.
DETAILS OF VESTING AND EXERCISE OF PERFORMANCE SHARES
Total number of Shares exercised/settled 28 634
Deemed value of Performance Shares on exercise R126 600 at a price of R4.4213, being the 20-day VWAP
on 31 March 2026
Class of Securities Ordinary shares
Nature of transaction Settlement of Performance Shares
Date of Award 1 April 2023
Date of exercise/settlement of Performance Shares 1 April 2026
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 have
been met
Transaction completed Off-market
Clearance obtained in terms of paragraph 6.83 of the Listings Yes
Requirements
Details of the exercise of the Performance Shares and the related receipt of Shares per Participant are tabled below:
Participants Number of Performance Deemed value of Performance
Shares exercised Shares (Rand)
Ms S.M. Vermaak – Company Secretary of Metair 10 764 47 591
Executive Directors of Hesto
Mr P. Vermaak 9 903 43 784
Mr S. Govender 7 967 35 225
Johannesburg
2 April 2026
Sponsor
One Capital
Date: 02-04-2026 04:30:00
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