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Tue 19 Dec 2006, 11:43 MRF - Merafe Resources Limited - Dealing in securi
MRF
 MRF                                                                             
MRF - Merafe Resources Limited - Dealing in securities by a director            
MERAFE RESOURCES LIMITED                                                        
(Incorporated in the Republic of South Africa)                                  
(Registration number 1987/003452/06                                             
Share Code: MRF & ISIN NO: ZAE000060000                                         
DEALING IN SECURITIES BY A DIRECTOR                                             
In compliance with paragraphs 3.63 to 3.74 of the Listings Requirements of the  
JSE Limited, the following information is disclosed:                            
Director                      : Stuart Elliot                                   
Company                       : Merafe Resources Limited                        
Date of transaction           : 18 December 2006                                
Nature of transaction         : Sale of securities                              
Class of securities           : Single stock futures                            
Number of securities               : 12 300 contracts (each contract consists of
100                                                                             
shares, and the contracts expire on 21 December  
                               2006)                                            
Sale price                         : 74 cents per share                         
Total value of transactions   : R910 200                                        
Nature of interest            : Direct beneficial                               
Clearance obtained            : Yes                                             
This sale represents 6.7% of the director`s effective shareholding in Merafe    
Resources Limited.                                                              
Sandton                                                                         
19 December 2006                                                                
Sponsor                                                                         
ABSA Capital                                                                    
Date: 19/12/2006 11:43:10 Produced by the JSE SENS Department.                  
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