METROFILE HOLDINGS LIMITED - Acceptance of Conditional Shares in terms of the Metrofile Holdings Limited Conditional Share Plan

Acceptance of Conditional Shares in terms of the Metrofile Holdings Limited Conditional Share Plan

Metrofile Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1983/012697/06)
Share code: MFL
ISIN Code: ZAE000061727
("Metrofile Holdings" or "the Company")

ACCEPTANCE OF CONDITIONAL SHARES IN TERMS OF THE METROFILE HOLDINGS
LIMITED CONDITIONAL SHARE PLAN

In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, notification is
hereby given that the following directors of the Company and directors of major subsidiaries of the
Company have accepted a conditional right to Metrofile Holdings Shares issued in terms of the
Conditional Share Plan (“CSP”).

CSP awards have a strike price of Rnil, however are subject to the relevant criteria as approved at
the November 2019 Annual General Meeting, namely they are linked to pre-defined performance
criteria and vest in full after 4 years. The awards outlined below are in relation to the standard annual
allocations as per the Company’s remuneration policy and relate to the annual allocations for 2019
and 2020. The 2019 award was delayed due to the ongoing cautionary announcement since
September 2019.

Name of director                        Pfungwa G Serima
Name of company                         Metrofile Holdings Limited
Date of transaction                     19 October 2020
Number of CSP awards                    2 904 275
Total value of securities               R7 445 508
Class of security                       CSP awards in respect of ordinary shares
Nature of transaction                   Off market acceptance of allocation of CSP awards
Nature of interest                      Direct beneficial

Name of director                        Shivan Mansingh
Name of company                         Metrofile Holdings Limited
Date of transaction                     19 October 2020
Number of CSP awards                    1 614 893
Total value of securities               R4 140 000
Class of security                       CSP awards in respect of ordinary shares
Nature of transaction                   Off market acceptance of allocation of CSP awards
Nature of interest                      Direct beneficial

Name of director                        Wayne K Clarke
Name of company                         Metrofile Proprietary Limited
Date of transaction                     19 October 2020
Number of CSP awards                    1 156 170
Total value of securities               R2 964 000
Class of security                       CSP awards in respect of ordinary shares
Nature of transaction                   Off market acceptance of allocation of CSP awards
Nature of interest                      Direct beneficial

Name of director                     Vera Massyn
Name of company                      Metrofile Proprietary Limited
Date of transaction                  19 October 2020
Number of CSP awards                 279 291
Total value of securities            R716 000
Class of security                    CSP awards in respect of ordinary shares
Nature of transaction                Off market acceptance of allocation of CSP awards
Nature of interest                   Direct beneficial

Name of director                     Ashley IJ De Klerk
Name of company                      Metrofile Proprietary Limited
Date of transaction                  19 October 2020
Number of CSP awards                 1 104 681
Total value of securities            R2 832 000
Class of security                    CSP awards in respect of ordinary shares
Nature of transaction                Off market acceptance of allocation of CSP awards
Nature of interest                   Direct beneficial

Clearance to deal was obtained in terms of the JSE Limited Listings Requirements.

Illovo
19 October 2020

Sponsor
The Standard Bank of South Africa Limited

Date: 19-10-2020 05:30:00
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