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’’) BID FOR METROFILE AND FURTHER CAUTIONARY ANNOUNCEMENT Shareholders are referred to the announcement dated 30 April 2020. Shareholders are advised that the Housatonic Consortium and Metrofile are still waiting until the Covid-19 crisis and lockdown in South Africa are over and international travel restrictions have been lifted. The Housatonic Consortium will need to see three months of normal trading and revised projections and debt levels before a firm offer package and funding can be finalised. Shareholders are advised to continue exercising caution in trading in Metrofile shares. 11 June 2020 Johannesburg Sponsor: The Standard Bank of South Africa Limited Date: 11-06-2020 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.