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 4 March 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 uncertainty arising from the COVID-19 pandemic, as well as the ongoing lockdown in South Africa, has resulted in the Housatonic Consortium not being in a position to be able to finalise its arrangements with potential funding and BEE partners by 31 March 2020 and, accordingly, both parties have agreed to extend the date by which the Housatonic Consortium needs to finalise its arrangements with potential funding and BEE partners to 31 May 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. 30 March 2020 Johannesburg Sponsor: The Standard Bank of South Africa Limited Date: 30-03-2020 08:15:00 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.