OST or Offline Storage Files represent the user's mailbox data in offline mode on the local machine upon registration with Exchange Server using Microsoft Outlook. It is automatically created on the first use of Microsoft Outlook upon connectivity with the server. Once the file is created, the data is synchronized with the email server so that it is available offline as well in case of disconnectivity from the email server.
Files with WMF extension represent Microsoft Windows Metafile (WMF) for storing vector as well as bitmap-format images data. To be more accurate, WMF belongs to the vector file format category of Graphics file formats that is device independent. Windows Graphical Device Interface (GDI) uses the functions stored in a WMF file to display an image on the screen.
You can also convert OST into many other file formats. Please see the complete list below.