Further cautionary announcement Metrofile Holdings Limited (Incorporated in the Republic of South Africa) Registration number 1983/012697/06 JSE ordinary share code: MFL ISIN: ZAE000061727 (‘‘Metrofile’’ or the “Company’’) FURTHER CAUTIONARY ANNOUNCEMENT Metrofile's shareholders are referred to the cautionary announcement dated 24 January 2020 relating to the ongoing discussions between the Company and the Housatonic Consortium regarding the potential acquisition of the entire issued share capital of Metrofile. The Housatonic Consortium has advised Metrofile that its funding arrangements are near-final, however, arrangements with a BEE partner are taking longer than expected to finalise. The Housatonic Consortium expects to finalise arrangements with a BEE partner by 31 March 2020. Shareholders are advised to continue to exercise caution when dealing in the Company's securities until a further announcement is made in this regard. 4 March 2020 Johannesburg Sponsor: The Standard Bank of South Africa Limited Date: 04-03-2020 11:30:00 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.