METAIR INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
Registration Number: 1948/031013/06
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.

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                                                 3 April 2023
  Number of Performance Shares awarded to Participants          680 780
  Price paid per Performance Share                              Nil
  Total value of transaction                                    Nil
  Allocation price per Performance Share                        R22.86 being the 20-day volume weighted average price as at
                                                                31 March 2023
  Class of securities                                           Ordinary shares
  Nature of transaction                                         Acceptance of Performance Shares
  Date of acceptance                                            3 April 2023
  Vesting date                                                  3 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 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 and extent of interest of
all Participants is direct beneficial.

                                                                                                              Deemed value of
                                                                              No. of Performance
  Director                         Company name                                                            Performance Shares
                                                                                Shares accepted                         (Rand)
  Mr D. Seker                      Mutlu Holding Anonim Sirketi                             68 804                1 572 859.44
  Mr B. Eser                       Mutlu Holding Anonim Sirketi                             28 932                  661 385.52
  Ms S. Emiroglu                   Mutlu Holding Anonim Sirketi                             29 899                  683 491.14
  Mr Y. Kaptan                     Mutlu Holding Anonim Sirketi                             24 776                  566 379.36
  Mr M. Isiltan                    Mutlu Holding Anonim Sirketi                             27 265                  623 277.90
 Mr D. Gunes          Mutlu Holding Anonim Sirketi    29 657     677 959.02
 Mr T. Korlu          Mutlu Holding Anonim Sirketi    29 236     668 334.96
 Mr B. Sen            Mutlu Holding Anonim Sirketi    28 570     653 110.20
 Mr B. Erol           Mutlu Holding Anonim Sirketi    27 019     617 654.34
 Mr I. Atay Rodoplu   Mutlu Holding Anonim Sirketi    19 046     435 391.56
 Mr S. Douwenga       Metair                         175 227   4 005 689.22
 Mr A. Jogia          Metair                          89 178   2 038 609.08
 Ms T. Marcus         Metair                          35 105     802 500.30
 Ms S.M. Vermaak      Metair                          35 879     820 193.94
 Ms M. Mail           Metair                          20 109     459 691.74
 Ms S. Banda          Metair                          12 078     276 103.08

Johannesburg
4 April 2023

Sponsor
One Capital