Acceptance by directors and the company secretary of options awarded in terms of the Mettle Invest Ltd employee opti METTLE INVESTMENTS LIMITED (Incorporated in the Republic of South Africa) (Registration number: 2008/002061/06) JSE share code: MLE ISIN: ZAE000257622 ("Mettle” or "the Company") ACCEPTANCE BY DIRECTORS AND THE COMPANY SECRETARY OF OPTIONS AWARDED IN TERMS OF THE METTLE INVESTMENTS LIMITED EMPLOYEE OPTION SCHEME (“Option Scheme”) In compliance with the JSE Listings Requirements, the following information is disclosed in respect of the acceptance of options by directors and the company secretary in terms of the Option Scheme: Name of director: JJ Rookledge Type of director: Executive director Nature of transaction: Acceptance of options awarded in terms of the Option Scheme Number of options and price: 1 000 000 ordinary shares at 92.29 cents per share Award date: 30 August 2019 Total value: R922 900 Nature of interest: Direct beneficial Clearance to deal obtained: Yes Name of beneficiary: W Marais (Company Secretary) Nature of transaction: Acceptance of options awarded in terms of the Option Scheme Number of options and price: 400 000 ordinary shares at 92.29 cents per share Award date: 27 August 2019 Total value: R369 160 Nature of interest: Direct beneficial Clearance to deal obtained: Yes Name of director: G Wright Type of director: Executive director of Reward Finance Group Limited, a major subsidiary Nature of transaction: Acceptance of options awarded in terms of the Option Scheme Number of options and price: 400 000 ordinary shares at 92.29 cents per share Award date: 29 August 2019 Total value: R369 160 Nature of interest: Direct beneficial Clearance to deal obtained: Yes Note: The Option Awards are capable of being exercised by the Participants in writing by means of an exercise notice, in 3 (three) tranches as follows – • up to a third of the Option Shares on or after the 3 rd anniversary of the date on which they are awarded to the Participant (“Award Date”); • up to a further third of the Option Shares on or after the 4th anniversary of the Award Date; and • up to the remaining third of the Option Shares on or after the 5th anniversary of the Award Date. Cape Town 30 August 2019 Designated Advisor Questco Corporate Advisory (Pty) Ltd Date: 30/08/2019 01:15:00 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.