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 Metair’s company secretary (“Participants”) are hereby disclosed. 1. ALLOCATION OF PERFORMANCE SHARES The terms and conditions of the performance shares (“Performance Shares”) are: Date of award 1 April 2021 Number of Performance Shares awarded to Participants 540 932 Price paid per Performance Share Nil Total value of transaction Nil Allocation price per Performance Share R19.15 being the 20-day volume weighted average price (“VWAP”) as at 31 March 2021 Class of securities Ordinary shares Nature of transaction Acceptance of Performance Shares Vesting date 1 April 2024 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. Transaction completed: Off-market Clearance obtained in terms of paragraph 3.66 of the Listings Yes Requirements The details of the allocation of the Performance Shares per Participant are set out below. The nature of the interest of all Participants is direct beneficial. Deemed value of Director Company name No. of Performance Performance Shares Shares accepted (Rand) Mr D. Seker Mutlu Holding Anonim Sirketi 51 231 981 074 Mr B. Eser Mutlu Holding Anonim Sirketi 17 171 328 825 Ms S. Emiroglu Mutlu Holding Anonim Sirketi 19 157 366 857 Mr Y. Kaptan Mutlu Holding Anonim Sirketi 25 514 488 593 Mr T. Korlu Mutlu Holding Anonim Sirketi 15 512 297 055 Mr B. Sen Mutlu Holding Anonim Sirketi 13 404 256 687 Mr B. Erol Mutlu Holding Anonim Sirketi 10 476 200 615 Mr I. Atay Rodoplu Mutlu Holding Anonim Sirketi 7 573 145 023 Mr E. Berber Mutlu Holding Anonim Sirketi 6 912 132 365 Mr R. Haffejee Metair 187 990 3 600 009 Mr S. Douwenga Metair 123 766 2 370 119 Mr A. Jogia Metair 28 234 540 681 Ms S.M. Vermaak Metair 33 992 650 947 2. VESTING, EXERCISE AND SALE OF PERFORMANCE SHARES On 3 April 2018, 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 of the interest of the Participants is direct beneficial. DETAILS OF VESTING AND EXERCISE OF PERFORMANCE SHARES Total number of Shares exercised/settled 76 514 Deemed value of Performance Shares on exercise R1 467 538.52 at a price of R19.18, being the 20-day VWAP as at 5 April 2021 Class of Securities Ordinary shares Nature of transaction Settlement of Performance Shares Date of Award 3 April 2018 Date of Performance Shares exercised/settled 6 April 2021 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. Transaction completed: Off-market 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 7 April 2021, 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 with the following price information: - VWAP of R21.0801; - highest price of R21.50; and - lowest price of R21.00. Total number of Shares sold 47 268 Total value of Shares sold R993 422.10 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 5 026 96 399 5 026 105 630 Mr D. Seker Anonim Sirketi Mutlu Holding 6 396 122 675 6 396 134 424 Mr Y. Kaptan Anonim Sirketi Mr S. Douwenga Metair 40 913 784 711 20 465 430 109 Mr A. Jogia Metair 11 417 218 978 9 000 189 151 Ms S.M. Vermaak Metair 12 762 244 775 6 381 134 108 Johannesburg 8 April 2021 Sponsor One Capital Date: 08-04-2021 02:40:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 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