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Thu 18 Mar 2004, 9:39 DECLARATION OF ORDINARY DIVIDEND NO 54
METAIR INVESTMENTS LIMITED - DECLARATION OF ORDINARY DIVIDEND NO 54 AND         
  ANNOUNCEMENT                                                                    
  METAIR INVESTMENTS LIMITED                                                      
  (Registration number 1948/031013/06)                                            
  Share code: MTA  ISIN code: ZAE000004743                                        
  (Incorporated in the Republic of South Africa)                                  
  DECLARATION OF ORDINARY DIVIDEND NO 54 AND ANNOUNCEMENT                         
  NOTICE IS HEREBY GIVEN that a final ordinary dividend of 700 cents per ordinary 
  share has been declared in respect of the year ended 31 December 2003. The last 
  date to trade cum dividend will be Thursday 1 April 2004. Trading will commence 
  ex dividend from Friday 2 April 2004 and the record date will be Thursday 8     
  April 2004. Date of payment will be Tuesday 13 April 2004.                      
  Share certificates may not be dematerialised or rematerialised between Friday 2 
  April 2004 and Thursday 8 April 2004, both days inclusive. The audited          
  consolidated profit before taxation of the company and its subsidiaries for the 
  year ended 31 December 2003 amounts to R189 902 000 from which source this      
  dividend will be fully funded.                                                  
  BY ORDER OF THE BOARD                                                           
  Registrars                                    Registered Office                 
  Computershare Limited                         10 Anerley Road                   
  Investor Services Division                    Parktown                          
  70 Marshall Street                            2193                              
  Johannesburg                                                                    
  2001                                                                            
  17 March 2004                                                                   
  Date: 18/03/2004 09:16:16 AM Produced by the JSE SENS Department
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