Sharenet Sites 
Sharenet Sites
Acceptance of Share Appreciation Rights in terms of the Transaction Capital Limited Share Appreciation Rights Plan
Transaction Capital Limited
(Incorporated in the Republic of South Africa)
Registration number: 2002/031730/06
JSE share code: TCP
ISIN: ZAE000167391
(“the company”)
ACCEPTANCE OF SHARE APPRECIATION RIGHTS IN TERMS OF THE TRANSACTION
CAPITAL LIMITED SHARE APPRECIATION RIGHTS PLAN
In compliance with paragraphs 3.63 to 3.65 of the JSE Limited Listings Requirements, notification is hereby given
that the following directors and company secretary of the company and directors of major subsidiaries of the
company have accepted share appreciation rights (“SARs”) in terms of the Transaction Capital Limited Share
Appreciation Rights Plan.
Subject to performance criteria, SARs vest 4 years from the date of issue, and are exercisable for a period of 1
year after vesting. The SARs were granted at R10.39 per share, being the 10 day volume weighted average price
per share at the date of issue.
Clearances in terms of the JSE Limited Listing Requirements were obtained.
Name of director David Hurwitz
Name of company Transaction Capital Limited
Date transaction was effected 7 December 2015
Class of security SARs in respect of ordinary shares
Number of SARs 250 000
Total value R2 597 500
Nature of transaction Off market acceptance of allocation of SARs
Nature of interest Direct beneficial
Name of director Mark Herskovits
Name of company Transaction Capital Limited
Date transaction was effected 7 December 2015
Class of security SARs in respect of ordinary shares
Number of SARs 150 000
Total value R1 558 500
Nature of transaction Off market acceptance of allocation of SARs
Nature of interest Direct beneficial
Name of director Dawid Spangenberg
Name of company SA Taxi Finance Holdings Proprietary Limited
Date transaction was effected 7 December 2015
Class of security SARs in respect of ordinary shares
Number of SARs 150 000
Total value R1 558 500
Nature of transaction Off market acceptance of allocation of SARs
Nature of interest Direct beneficial
Name of director Bonisile Makubalo
Name of company SA Taxi Finance Holdings Proprietary Limited
Date transaction was effected 7 December 2015
Class of security SARs in respect of ordinary shares
Number of SARs 100 000
Total value R1 039 000
Nature of transaction Off market acceptance of allocation of SARs
Nature of interest Direct beneficial
Name of director Lorenzo Cardoso
Name of company SA Taxi Finance Holdings Proprietary Limited
Date transaction was effected 7 December 2015
Class of security SARs in respect of ordinary shares
Number of SARs 150 000
Total value R1 558 500
Nature of transaction Off market acceptance of allocation of SARs
Nature of interest Direct beneficial
Name of director David McAlpin
Name of company MBD Credit Solutions Holdings Proprietary Limited
Date transaction was effected 7 December 2015
Class of security SARs in respect of ordinary shares
Number of SARs 200 000
Total value R2 078 000
Nature of transaction Off market acceptance of allocation of SARs
Nature of interest Direct beneficial
Name of director Maheshini Naidoo
Name of company MBD Credit Solutions Proprietary Limited
Date transaction was effected 7 December 2015
Class of security SARs in respect of ordinary shares
Number of SARs 50 000
Total value R519 500
Nature of transaction Off market acceptance of allocation of SARs
Nature of interest Direct beneficial
Name of company secretary Ronen Goldstein
Name of company Transaction Capital Limited
Date transaction was effected 7 December 2015
Class of security SARs in respect of ordinary shares
Number of SARs 150 000
Total value R1 558 500
Nature of transaction Off market acceptance of allocation of SARs
Nature of interest Direct beneficial
Dunkeld West
8 December 2015
Enquiries:
Phillipe Welthagen - Investor Relations
Telephone: +27 (0) 11 049 6700
Sponsor: Deutsche Securities (SA) Proprietary Limited
Date: 08/12/2015 11:45:00 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.
