METAIR INVESTMENTS LIMITED - Results of the general meeting and update regarding the disposal

Results of the general meeting and update regarding the disposal

METAIR INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1948/031013/06
ISIN: ZAE000090692
JSE and A2X share code: MTA
("Metair")

RESULTS OF THE GENERAL MEETING AND UPDATE REGARDING THE DISPOSAL

Unless otherwise defined herein, capitalised words and terms contained in this announcement shall bear the same
meanings ascribed thereto in the circular to shareholders of Metair ("Shareholders") dated
Monday, 30 September 2024 ("Disposal Circular").

1.   INTRODUCTION

     Shareholders are referred to the Disposal Circular as well as the announcements published by Metair on SENS on
     Tuesday, 17 September 2024 and Monday, 30 September 2024 pertaining to the Disposal.

2.   RESULTS OF THE GENERAL MEETING

     Shareholders are advised that at the General Meeting held on Tuesday, 29 October 2024, the Ordinary Resolution
     as set out in the Notice of General Meeting was approved and adopted by the requisite majority of Shareholders.

     The Ordinary Resolution proposed at the General Meeting, together with the percentage of Metair Shares
     abstained, as well as the percentage of votes carried for and against the Ordinary Resolution, are as follows:

     Ordinary Resolution 1: Approval of the Disposal in terms of the JSE Listings Requirements

      Shares Voted                 Abstained                  For                          Against

      173 669 278                  0%                         100%                         0%
      (87.28%)

     Notes:
     - Percentage of Shares voted is calculated in relation to the total issued Share capital of Metair.
     - Percentage of Shares voted for and against are calculated in relation to the total number of Shares voted in
       respect of the Ordinary Resolution.
     - Abstentions are calculated as a percentage in relation to the total issued Share capital of Metair.

3.   UPDATE REGARDING THE DISPOSAL

     Implementation of the Disposal remains subject to the fulfilment or waiver of the remaining Conditions, being the
     unconditional approval or deemed approval of the Turkish Competition Board in respect of the Disposal and the
     execution by the relevant Mutlu Group companies of a financing agreement with a Turkish bank to be agreed
     between the Seller and the Purchaser ("Outstanding Conditions").

     A further announcement will be published in due course wherein Shareholders will be provided with an update in
     respect of the Outstanding Conditions.

     To obtain a thorough understanding of the Disposal, Shareholders are advised to refer to the full terms
     and conditions pertaining thereto as set out in the Disposal Circular.


30 October 2024
Johannesburg
 
Sponsor and Transaction Sponsor to Metair               
One Capital                                         

South African Legal Advisor to Metair
Webber Wentzel

Sole Financial Advisor to Metair                        
Rand Merchant Bank (a division of FirstRand Bank Limited) (a partner firm of Clairfield International)

Legal Advisor to Metair
Linklaters



Date: 30-10-2024 07:05:00
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.