METROFILE HOLDINGS LIMITED - Acceptance of Conditional Share Awards in terms of the Metrofile Holdings Limited Conditional Share Plan

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

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