Acceptance of Conditional Share Awards 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 SHARE AWARDS 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 of a major subsidiary of the Company have accepted conditional rights to Metrofile Holdings shares issued in terms of the Conditional Share Plan (“CSP”). These three-year CSP awards are subject to retention and performance criteria set out in the Group’s Remuneration Report at 30 June 2018. These are the last awards under the scheme that was in place for the 2019 and prior financial years. A new scheme is being designed for future years to better align executives with shareholders’ interests. This will be advised to shareholders for consideration and approval at the next annual general meeting. Clearance in terms of paragraph 3.66 of the JSE Limited Listings Requirements was obtained. Name of director Pfungwa G Serima Name of company Metrofile Holdings Limited Date transaction was effected 18 June 2019 Date of calculation for VWAP 30 September 2018 VWAP at calculation date R3.29 Class of security CSP award in respect of ordinary shares Number of CSP awards 1 366 565 Total value R4 495 998.85 Nature of transaction Off market acceptance of allocation of CSP award Nature of interest Direct beneficial Name of director Shivan Mansingh Name of company Metrofile Holdings Limited Date transaction was effected 18 June 2019 Date of calculation for VWAP 31 March 2019 VWAP at calculation date R1.76 Class of security CSP sign-on award in respect of ordinary shares Number of CSP awards 170 455 Total value R300 000.80 Nature of transaction Off market acceptance of sign-on allocation of CSP award Nature of interest Direct beneficial Name of director Vera Massyn Name of company Metrofile Proprietary Limited Date transaction was effected 18 June 2019 Date of calculation for VWAP 30 September 2018 VWAP at calculation date R3.29 Class of security CSP award in respect of ordinary shares Number of CSP awards 103 951 Total value R341 998.79 Nature of transaction Off market acceptance of allocation of CSP award Nature of interest Direct beneficial Name of director Wayne K Clarke Name of company Metrofile Proprietary Limited Date transaction was effected 18 June 2019 Date of calculation for VWAP 30 September 2018 VWAP at calculation date R3.29 Class of security CSP award in respect of ordinary shares Number of CSP awards 430 395 Total value R1 415 999.55 Nature of transaction Off market acceptance of allocation of CSP award Nature of interest Direct beneficial Johannesburg 19 June 2019 Sponsor The Standard Bank of South Africa Limited Date: 19/06/2019 11:35:00 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.