Acceptance of Conditional Shares in terms of the Metrofile Holdings Limited Conditional Share Plan Metrofile Holdings Limited (Incorporated in the Republic of South Africa) (Registration number 1983/012697/06) Share code: MFL ISIN Code: ZAE000061727 ("Metrofile Holdings" or "the Company") ACCEPTANCE OF CONDITIONAL SHARES IN TERMS OF THE METROFILE HOLDINGS LIMITED CONDITIONAL SHARE PLAN In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, notification is hereby given that the following directors of the Company and directors of major subsidiaries of the Company have accepted a conditional right to Metrofile Holdings Shares issued in terms of the Conditional Share Plan (“CSP”). CSP awards have a strike price of Rnil, however are subject to the relevant criteria as approved at the November 2019 Annual General Meeting, namely they are linked to pre-defined performance criteria and vest in full after 4 years. The awards outlined below are in relation to the standard annual allocations as per the Company’s remuneration policy and relate to the annual allocations for 2019 and 2020. The 2019 award was delayed due to the ongoing cautionary announcement since September 2019. Name of director Pfungwa G Serima Name of company Metrofile Holdings Limited Date of transaction 19 October 2020 Number of CSP awards 2 904 275 Total value of securities R7 445 508 Class of security CSP awards in respect of ordinary shares Nature of transaction Off market acceptance of allocation of CSP awards Nature of interest Direct beneficial Name of director Shivan Mansingh Name of company Metrofile Holdings Limited Date of transaction 19 October 2020 Number of CSP awards 1 614 893 Total value of securities R4 140 000 Class of security CSP awards in respect of ordinary shares Nature of transaction Off market acceptance of allocation of CSP awards Nature of interest Direct beneficial Name of director Wayne K Clarke Name of company Metrofile Proprietary Limited Date of transaction 19 October 2020 Number of CSP awards 1 156 170 Total value of securities R2 964 000 Class of security CSP awards in respect of ordinary shares Nature of transaction Off market acceptance of allocation of CSP awards Nature of interest Direct beneficial Name of director Vera Massyn Name of company Metrofile Proprietary Limited Date of transaction 19 October 2020 Number of CSP awards 279 291 Total value of securities R716 000 Class of security CSP awards in respect of ordinary shares Nature of transaction Off market acceptance of allocation of CSP awards Nature of interest Direct beneficial Name of director Ashley IJ De Klerk Name of company Metrofile Proprietary Limited Date of transaction 19 October 2020 Number of CSP awards 1 104 681 Total value of securities R2 832 000 Class of security CSP awards in respect of ordinary shares Nature of transaction Off market acceptance of allocation of CSP awards Nature of interest Direct beneficial Clearance to deal was obtained in terms of the JSE Limited Listings Requirements. Illovo 19 October 2020 Sponsor The Standard Bank of South Africa Limited Date: 19-10-2020 05:30:00 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.