Conclusion of Debt Refinancing and Restructuring Process 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") CONCLUSION OF DEBT REFINANCING AND RESTRUCTURING PROCESS The board of directors of Metrofile Holdings is pleased to announce to shareholders that it has successfully concluded its debt restructuring and refinancing process, with the new term facilities effective immediately. This process has resulted in total debt facilities of R720 million comprising: • R200 million bullet facility (5-year term) • R200 million amortising facility (5-year term) • R200 million revolving credit facility (“RCF”) (5-year term) • R120 million general borrowing facility (on demand); will be temporarily increased by a further R85 million until 30 September 2019 In line with Metrofile’s intensified focus on improving cash management, the new efficient debt structure will result in the group’s effective cost of debt improving from 3-month Johannesburg Interbank Agreed Rate (“JIBAR”) plus 2.75% to the following: Gross debt/EBITDA Bullet/RCF (3-month JIBAR plus) Amortising (3-month JIBAR plus) >2.50x 2.95% 2.65% >2.00 < 2.50x 2.75% 2.45% <2.00x 2.55% 2.25% Johannesburg 18 June 2019 Sponsor The Standard Bank of South Africa Limited Independent Advisor Apex Partners Proprietary Limited Date: 18/06/2019 10:15:00 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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