METROFILE HOLDINGS LIMITED - Dividend and Gearing Policies

Dividend and Gearing Policies

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


DIVIDEND AND GEARING POLICIES


The Board of Directors of Metrofile is pleased to advise
Shareholders that the following policy decisions have been
taken:

  -   dividend cover is reduced to 2,25 times with effect for the
      financial year ending 30 June 2013 due to the group’s
      continued strong generation of free cash flow; and
  -   as a guideline a minimum level of debt of 1,5 times EBITDA
      will be maintained to continue to leverage shareholder
      returns.

The above information has not been reviewed by our auditors and
does not reflect any forecast of our earnings.


Johannesburg
5 June 2013


Sponsor
The Standard Bank of South Africa Limited

Date: 05/06/2013 07:57:00 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.