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
Incorporated in the Republic of South Africa
Registered bank controlling company
(Registration number: 1999/025903/06)
Share Code:    CPI
ISIN Number: ZAE000035861

DEALING IN SECURITIES BY AN ASSOCIATE OF A DIRECTOR

In compliance with paragraphs 3.63 to 3.74 of the JSE Limited 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 11 July
2017, with regards to the hedging transaction entered into by Limietberg
Sekuriteit (Pty) Ltd (“Limietberg”) over a portion of Limietberg’s
shareholding in Capitec Bank Holdings Limited (the “2017 Hedging
Transaction”).

Shareholders are now advised that Limietberg has, on 21 February 2020,
early unwound and terminated a portion of the 2017 Hedging Transaction in
respect of 394,737 underlying shares (the “Partial Unwind”). Limietberg
elected to cash settle its obligations pursuant to the Partial Unwind and,
as a consequence, no underlying shares were acquired or sold by
Limietberg. No other amendments have been made to the 2017 Hedging
Transaction.

Shareholders are further advised that Limietberg has concluded a new
hedging and financing transaction over the same quantum of shares
(394,737) on the basis set out below:

 NAME OF DIRECTOR                    M S du P le Roux
 NAME OF ASSOCIATE                   Limietberg Sekuriteit (Pty) Ltd
 DIRECTOR’S RELATIONSHIP WITH        Mr Le Roux is a director of
 ASSOCIATE                           Limietberg Sekuriteit (Pty) Ltd
 COMPANY OF WHICH HE IS A DIRECTOR   Capitec Bank Holdings Limited
 STATUS: EXECUTIVE/NON-EXECUTIVE     Non-Executive Director
 CLASS AND TYPE OF SECURITIES        Ordinary shares
 DATE OF TRANSACTION                 21 February 2020
 NUMBER OF SECURITIES TRANSACTED     394,737
 DEEMED VALUE OF SECURITIES          R562,369,962
 TRANSACTED
 NATURE OF TRANSACTION               Collar (Long Put and Short Call)
 PUT STRIKE PRICE                    R1,139.74
 CALL STRIKE PRICE                   R2,421.94
 OPTION STYLE                        European
 EXPIRY DATE                         3 years on average
 MAXIMUM FINANCIAL OBLIGATION        R449,897,548
 NUMBER OF SHARES PROVIDED AS        394,737
 SECURITY/COLLATERAL
 TRADE                               Off Market
 NATURE AND EXTENT OF THE            Indirect, non-beneficial
 DIRECTOR’S INTEREST IN THE
 TRANSACTIONS

The hedging counterparty has provided Limietberg with loan financing for
the duration of the collar. 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. The shares
hedged will therefore always be in the position to fully cover the
liability under the financing arrangement.

24 February 2020
Stellenbosch

Sponsor
PSG Capital

Date: 24-02-2020 02:10:00
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