Metmar shareholders are referred to the announcement released on SENS on Tuesday, 15 September 2015 advising of a further postponement of the finalisation announcement relating to the cash offer by Traxys to acquire all the issued shares of Metmar by way of a scheme of arrangement in terms of section 114 of the Companies Act 71 of 2008, as amended, (the 'Scheme').

Metmar shareholders are advised that Traxys has exercised its right to extend the date by which certain of the conditions precedent to the Scheme are required to be fulfilled or waived from 30 September 2015 to 30 October 2015 ('Long Stop Date').

Metmar shareholders are further advised that Traxys has waived all the conditions precedent to the Scheme which have not yet been fulfilled, and which are capable of waiver by Traxys.

The only remaining conditions precedent to be fulfilled for the Scheme to become unconditional are thus receipt of JSE approval for the delisting of Metmar's shares and the issue of a compliance certificate by the Takeover Regulation Panel in relation to the Scheme. These conditions are expected to be fulfilled by Friday, 9 October 2015.

Metmar shareholders are therefore advised of the revised important dates and times pertaining to the Scheme as set out below:


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