Merafe Resources Limited

(Incorporated in the Republic of South Africa) (Registration number: 1987/003452/06)

JSE share code: MRF

ISIN: ZAE000060000 ("Merafe" or the "Company")

Ferrochrome price announcement first quarter 2018

Shareholders of the Company are advised that the European benchmark ferrochrome price has been settled at USD118 cents per pound for the first quarter of 2018, a decrease of 15.1% from the USD139 cents per pound price in the fourth quarter of 2017.

Sandton

15 December 2017

Sponsor

One Capital

Merafe Resources Ltd. published this content on 15 December 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 15 December 2017 09:51:10 UTC.

Original documenthttp://www.overend.co.za/download/meraferesourceslimitedq1201815122017.pdf

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