Unaudited Condensed Consolidated Interim Results for the six months ended 31 August 2019 METTLE INVESTMENTS LIMITED (Registration Number: 2008/002061/06) Incorporated in the Republic of South Africa JSE share code: MLE ISIN: ZAE000257622 (“Mettle” or “the Company”) UNAUDITED CONDENSED CONSOLIDATED INTERIM RESULTS FOR THE SIX MONTHS ENDED 31 AUGUST 2019 The board of directors of Mettle (the “Board”) are pleased to present the unaudited condensed consolidated interim results of the Company and its subsidiaries (“the Group”) for the six months ended 31 August 2019 (the “Interim Results”). The highlights of the Interim Results, as compared to the last comparative period ended 31 August 2018, are set out below: • Revenue increased by 68% from R84.1 million to R141.5 million due to Reward Investments (No. 2) Limited being consolidated for the full six month period compared to only three and a half months in the comparative period; • Basic earnings per share increased by 65% from 5.08 cents per share to 8.38 cents per share; • Headline earnings per share increased by 124% from 4.65 cents per share to 10.41 cents per share; and • Net asset value per share increased by 5% to 208 cents. No dividend has been declared or paid during the period. Short form announcement This short form announcement is the responsibility of the Board and is only a summary of the complete unaudited condensed consolidated interim results for the six months ended 31 August 2019 (“Full Announcement”) which may be downloaded from: https://senspdf.jse.co.za/documents/2019/JSE/ISSE/MLEE/AugInt19.pdf; or https://mettleinvestments.com/investor-information/sens-announcements. Any investment decisions by investors and/or shareholders should be based on consideration of the Full Announcement at the links set out above. The Full Announcement may also be viewed, at no cost, at the registered office of the Company and the Johannesburg office of its Designated Advisor, during ordinary business hours, for a period of 30 calendar days following the date of this announcement. Registered office: 1st Floor, FedGroup Place, Willie van Schoor Avenue, Bellville, Western Cape Cape Town 29 November 2019 Designated Advisor Questco Corporate Advisory (Pty) Ltd First Floor, Yellowwood House, Ballywoods Office Park, 33 Ballyclare Drive, Bryanston Date: 29-11-2019 09:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.