Changes in the beneficial interest in Mettle Ordinary Shares 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") CHANGES IN THE BENEFICIAL INTEREST IN METTLE ORDINARY SHARES In accordance with paragraph 3.83(b) of the JSE Limited Listings Requirements and section 122(3)(b) of the Companies Act 71 of 2008 (“the Act”), shareholders are advised of the following changes in beneficial interest in the ordinary shares of Mettle: - Genfin Holdings Proprietary Limited (“Genfin”) has acquired a beneficial interest in the ordinary shares of the Company, such that its total interest in Mettle is now 19.96%. When counted with the 12.95% shares in Mettle currently held by Mantessa Equities Proprietary Limited (registration number 2015/358994/07) (“Mantessa Equities”), a company which is related to Genfin, the aggregate holding of Genfin and Mantessa Equities amounts to 32.91%; and - Granadino Investments Proprietary Limited (“Granadino”) has disposed of its beneficial interest in the ordinary shares of Mettle, such that its total interest in Mettle has decreased from 37.47% to 29.01%% of the Company’s issued ordinary share capital. When counted with the shares in Mettle currently held by persons related and inter-related to Granadino, the aggregate holding of Granadino and its related and inter-related persons decreases from 59.46% to 51.01%. As required in terms of section 122(3)(a) of the Act, the Company has filed the required notices with the Takeover Regulation Panel. Cape Town 29 June 2020 Designated Advisor Questco Corporate Advisory Proprietary Limited Date: 29-06-2020 05:06:00 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.