CAPITEC BANK HOLDINGS LIMITED - Dealing In Securities By An Associate Of A Director

Dealing In Securities By An Associate Of A Director

CAPITEC BANK HOLDINGS LIMITED
Registration Number: 1999/025903/06
Incorporated in the Republic of South Africa
Registered bank controlling company
Share Code:     CPI
ISIN Number: ZAE000035861
("Capitec")

DEALING IN SECURITIES BY AN ASSOCIATE OF A DIRECTOR

In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings
Requirements ("Listings Requirements"), the following information, relating
to the dealing in securities by an associate of a director is disclosed.

Shareholders are referred to the announcement released on SENS on 20 December
2021 regarding the implementation of a hedging and financing transaction over
590 000 Capitec shares (the "2021 Transaction") by an associate of Mr M S du
P le Roux, Kalander Sekuriteit (Pty) Ltd ("Kalander") and the announcement
released on SENS on 23 August 2024 relating to an extension of the maturity
dates of a portion of the 2021 Transaction.

As indicated on 23 August 2024, Kalander intended to implement refinancing
transactions in relation to the 2021 Transaction. Shareholders are now advised
that Kalander has implemented a hedging and financing transaction (the
"Transaction") in order to refinance a portion of the maturing tranches of
the 2021 Transaction, the relevant details of which are set out below:

NAME OF DIRECTOR                       M S du P le Roux

NAME OF ASSOCIATE                      Kalander

DIRECTOR'S RELATIONSHIP WITH           Mr Le Roux is a director of Kalander
ASSOCIATE

COMPANY OF WHICH A DIRECTOR            Capitec Bank Holdings Limited

STATUS: EXECUTIVE/NON-EXECUTIVE        Non-Executive Director

TYPE AND CLASS OF SECURITIES           Ordinary Shares

NUMBER OF SECURITIES TRANSACTED        227 324

DEEMED VALUE OF SECURITIES             R735 754 585.00 (referencing 21
TRANSACTED                             October 2024 closing price)

NATURE OF TRANSACTION                  Funded Option Transaction

DATE OF TRANSACTION                    18 October 2024

PUT STRIKE PRICE                       R2 950.01

CAP STRIKE PRICE                       R5 572.24

OPTION STYLE                           European

EXPIRY DATE                            3,27 years on average

MAXIMUM FINANCIAL OBLIGATION           R670 608 073.00

NUMBER OF SHARES PROVIDED AS
                                       227 324
SECURITY/COLLATERAL
TRADE                                  Off-market

NATURE AND EXTENT OF                   Indirect, non-beneficial
THE DIRECTOR'S
INTEREST IN THE TRANSACTION

The hedging counterparty shall provide Kalander with loan financing for the
duration of the Transaction. The maximum financial obligation under that
financing arrangement, including all interest thereon, will never exceed the
total number of shares hedged multiplied by the put strike price. Kalander
will therefore always be in the position to fully cover the liability under
the financing arrangement with the hedged shares.

Kalander intends to implement further transactions on substantially similar
terms in order to refinance the balance of the 2021 Transaction and, in this
regard, shareholders can expect further announcements to be published by
Capitec.

As with prior hedging and financing transactions, Kalander's intention remains
to cash settle the Transaction. As such, all the underlying shares will
continue to be retained by Kalander.

23 October 2024
Stellenbosch

Sponsor
PSG Capital

Date: 23-10-2024 10:30:00
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