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")

NOTIFICATION OF CHANGE IN EXTERNAL AUDITOR

Shareholders are advised that, following the conclusion of a tender process, the Audit, Governance and Risk Committee has recommended, and the Board has endorsed, the proposed appointment of BDO South Africa Incorporated ('BDO') to succeed Deloitte & Touche as the Company's external auditor, effective for the financial period ending on 30 June 2023.

The proposed appointment will be put to shareholders at the Annual General Meeting of the Company, scheduled for 22 November 2022 ('2022 AGM').

BDO will make use of the services of SekelaXabiso CA Incorporated ('SkX') as part of their engagement to assist with knowledge sharing and development.

The change in external auditor is due to the Board's decision to adopt mandatory audit firm rotation ahead of the prescribed date. Deloitte & Touche will continue to audit the Company's accounts in respect of the financial period ended on 30 June 2022 and Deloitte's term as external auditor will end on conclusion of the 2022 AGM. BDO's term as external auditor will commence at the conclusion of the 2022 AGM and will be subject to shareholder's approval.

Deloitte & Touche will have served as the Company's external auditor for a period of 22 years. The Board and Audit, Governance and Risk Committee thank Deloitte & Touche for their contributions over the years and look forward to working with BDO.

Illovo

14 July 2022

Sponsor

The Standard Bank of South Africa Limited

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Metrofile Holdings Limited published this content on 14 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 July 2022 14:23:04 UTC.