Renewal of Cautionary Announcement Proposed dilution by MLE of its interest in Mettle Solar Investments Proprietary METTLE INVESTMENTS LIMITED (Incorporated in the Republic of South Africa) (Registration number: 2008/002061/06) JSE share code: MLE ISIN: ZAE000257622 ("MLE” or "the Company") Renewal of Cautionary Announcement Proposed dilution by MLE of its interest in Mettle Solar Investments Proprietary Limited (“MSI”) and Mettle Solar Africa Limited (“MSA”) MLE shareholders are referred to the detailed cautionary announcement released on the Stock Exchange News Service of the JSE on 1 March 2019 wherein it was announced that the Company was in early negotiations with an established private equity investor (“the Investor”) regarding the subscription by the Investor for shares in MSI and MSA (“the Companies”), which will result in the Investor holding 40% of the issued shares of each of the Companies, for a total subscription amount of R106.7 million. MLE shareholders are advised that these negotiations are still in progress which, if successfully concluded, may have a material effect on the price of the Company’s shares. Accordingly, MLE shareholders are advised to continue exercising caution when dealing in their shares in the Company until a further announcement is made. Cape Town 15 April 2019 Corporate Advisor to MLE and the Companies Mettle Corporate Finance (Pty) Ltd Designated Advisor to MLE Questco Corporate Advisory (Pty) Ltd Date: 15/04/2019 02:30:00 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.
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