METROFILE HOLDINGS LIMITED - Changes to the Board of Directors and Board Committees

Changes to the Board of Directors and Board Committees

Metrofile Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1983/012697/06)
Share code: MFL
ISIN Code: ZAE000061727
("Metrofile")


CHANGES TO THE BOARD OF DIRECTORS AND BOARD COMMITTEES

In compliance with paragraph 3.59 of the JSE Limited Listings Requirements, the Board of
Directors of Metrofile (the "Board") wishes to advise shareholders of the following changes to the
Board and its committees, effective 1 January 2025:

   1. Shareholders are advised that Ms Phumzile Langeni, currently independent non-
      executive chairman of Metrofile and a material shareholder in Metrofile, will relinquish
      that position and be appointed Executive Deputy Chairman of Metrofile. The new role has
      a defined scope of responsibilities focused on strategy and business development
      opportunities locally and in Africa. The CEO will continue to report directly to the Board
      and both parties are comfortable with the delineation of responsibilities in their roles. The
      need for the new position will be reviewed annually.

       Phumzile will also resign as the Chairman of the Nominations Committee and as a
       member of the Remuneration Committee. Phumzile will remain in her role as a member
       of the Social, Ethics and Transformation Committee and the Strategy and Investment
       Committee.

   2. Ms Lindiwe Mthimunye, an existing independent non-executive director of Metrofile will
      be appointed as independent non-executive Chairman of the Board. Lindiwe will also be
      appointed as Chairman of the Nominations Committee, resign as the Chairman of the
      Remuneration Committee, but will remain a member, and resign as a member of the
      Audit, Governance and Risk Committee. Lindiwe will remain a member of the Social,
      Ethics and Transformation Committee.

   3. Mr Chris Seabrooke will be appointed as Chairman of the Remuneration Committee and
      a member of the Audit, Governance and Risk Committee. Chris' appointment to the
      Audit, Governance and Risk Committee will be ratified by the shareholders at Metrofile's
      next annual general meeting.

   4. Ms Sindi Zilwa will resign as a member of the Nominations Committee.

   5. Shareholders are also advised that additional independent non-executive director
      appointments are being considered.

Illovo
25 November 2024

Sponsor

The Standard Bank of South Africa Limited

Date: 25-11-2024 02:36:00
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