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Wed 9 Dec 2015, 8:00 MERAFE RESOURCES LIMITED - First quarter 2016 ferrochrome price announcement
MRF 201512090002A
First quarter 2016 ferrochrome price announcement

Merafe Resources Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1987/003452/06)
JSE share code: MRF
ISIN: ZAE000060000

First quarter 2016 ferrochrome price announcement

Shareholders of the Company are advised that the European benchmark ferrochrome
price has been settled at 92USc per pound for the first quarter of 2016, a decrease
of 11.5% from the price in the fourth quarter of 2015.

9 December 2015
Sandton

Sponsor:
Merrill Lynch South Africa Proprietary Limited

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