Metrofile Holdings Limited announced that The Board has reviewed the dividend policy in light of Metrofile's healthy cash generation and reduced net debt levels and has resolved to update the dividend cover policy to a range of between 1.5x and 2.0x. Notice is hereby given that an interim gross cash dividend of 9 cents per share in respect of the period ended 31 December 2021 has been declared payable, from income reserves, to the holders of ordinary shares recorded in the books of the Company on 1 April 2022. The last day to trade cum-dividend will therefore be 29 March 2022 and Metrofile shares will trade ex-dividend from 30 March 2022.

Payment of the dividend will be on 4 April 2022. Share certificates may not be dematerialised or rematerialised from 30 March 2022 (which is ex-date) to 1 April 2022, both days inclusive. Withholding tax on dividends will be deducted for all shareholders who are not exempt in terms of the legislation at a rate of 20% which will result in a final net cash dividend of 7.2 cents per share.