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 released on the Johannesburg Stock Exchange News Service (“SENS”) on 11 June 2020. Shareholders are advised that the Housatonic Consortium and Metrofile are still waiting until further clarity emerges on the impact of the Covid-19 crisis and lockdown on Metrofile’s business and until international travel restrictions are lifted. The Housatonic Consortium has indicated that they 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. Metrofile expects to release its results for the year ended 30 June 2020 on SENS on or about 14 September 2020. Shareholders are advised to continue exercising caution in trading in Metrofile shares. Illovo 23 July 2020 Sponsor: The Standard Bank of South Africa Limited Date: 23-07-2020 11:00:00 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.