MFL - Metrofile Holdings Limited - Grant and acceptance of rights to

MFL - Metrofile Holdings Limited - Grant and acceptance of rights to            
participants in share plans                                                     
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")                                         
GRANT AND ACCEPTANCE OF RIGHTS TO PARTICIPANTS IN SHARE PLANS                   
In compliance with Rules 3.63 to 3.74 of the Listings Requirements of           
the JSE Limited ("JSE"), the following information is disclosed:                
Directors of the Metrofile Holdings group and the company secretary             
have been granted rights on 9 September 2011 to participate in the              
Company`s share based incentive plans as follows:                               
Share appreciation rights, which are subject to performance conditions          
and vest after three years, at a grant price of R1,96:                          
Graham Wackrill 1,224,490 rights (direct beneficial)                            
Richard Buttle 816,327 rights (direct beneficial)                               
Guy Kimble 816,327 rights (direct beneficial)                                   
Leon Thompson 338,199 rights (direct beneficial)                                
All rights are subject to the rules of the share incentive plan, as             
approved by shareholders at the general meeting held on 9 October 2008          
and amendments thereto approved by shareholders at the annual general           
meeting held on 30 November 2009.                                               
Johannesburg                                                                    
13 September 2011                                                               
Sponsor                                                                         
Standard Bank                                                                   
Date: 13/09/2011 12:15:01 Supplied by www.sharenet.co.za                     
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