Voluntary Announcement: Disposal Of Metrofile Zambia 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’’ or ‘‘the Group’’) VOLUNTARY ANNOUNCEMENT: DISPOSAL OF METROFILE ZAMBIA Shareholders are advised that Metrofile has disposed of its 60% shareholding in Metrofile Zambia but has retained the Metrofile brand there. This disposal is in line with the conclusions of its Strategic Review, as advised to shareholders in 2019, that it will dispose of non-core, non-scalable and underperforming operations to focus on its core activities and geographies to optimise capital allocation and returns to enhance value for shareholders. The disposal is not a categorized transaction in terms of Section 9 of the JSE Limited Listings Requirements and this announcement is made voluntarily. 26 May 2020 Johannesburg Sponsor: The Standard Bank of South Africa Limited Date: 26-05-2020 04:45:00 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.