Vesting of Shares in terms of the Metrofile Share Appreciation Rights Scheme (“SAR”) 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") VESTING OF SHARES IN TERMS OF THE METROFILE SHARE APPRECIATION RIGHTS SCHEME (“SAR”) In compliance with Section 3.63 to 3.74 of the JSE Listings Requirements, notice is hereby given of the following off market transactions in terms of the vesting of share awards granted under the Metrofile Share Appreciation Rights scheme (“SAR”) in 2012, having met the relevant performance conditions: Name Wayne Clarke Major subsidiary Metrofile Proprietary Limited Nature of transaction Shares vested and issued Date of transaction 14 November 2017 Number of shares 8 150 Price per share R4.25 Total value of transaction R34 637.50 Class of shares Ordinary Nature of interest Direct beneficial Clearance to deal obtained Yes Name Vera Massyn Major subsidiary Metrofile Proprietary Limited Nature of transaction Shares vested and issued Date of transaction 14 November 2017 Number of shares 15 717 Price per share R4.25 Total value of transaction R66 797.25 Class of shares Ordinary Nature of interest Direct beneficial Clearance to deal obtained Yes Senderwood 15 November 2017 Sponsor The Standard Bank of South Africa Limited Date: 15/11/2017 09:00:00 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.