CAPITEC BANK HOLDINGS LIMITED - Results Of The Capitec General Meeting Relating To A B-BBEE Transaction Involving Employees

Results Of The Capitec General Meeting Relating To A B-BBEE Transaction Involving Employees

CAPITEC BANK HOLDINGS LIMITED
Registration number: 1999/025903/06
Incorporated in the Republic of South Africa
Registered bank controlling company
JSE share code: CPI ISIN: ZAE000035861
JSE preference share code: CPIP ISIN: ZAE000083838
“Capitec”

CAPITEC BANK LIMITED
Registration number 1980/003695/06
Incorporated in the Republic of South Africa
Registered bank
Company code: BICAP
Stock Code: CBL29, ISIN: ZAG000158874
Stock Code: CBL30, ISIN: ZAG000180977

RESULTS OF THE CAPITEC GENERAL MEETING HELD AT 14:00 ON TUESDAY, 22
FEBRUARY 2022 (“GENERAL MEETING”) RELATING TO A BROAD-BASED BLACK
ECONOMIC EMPOWERMENT (“B-BBEE”) TRANSACTION INVOLVING EMPLOYEES

Shareholders are referred to the Stock Exchange News Service
announcements published by Capitec on 19 January 2022, 24 January 2022
and 21 February 2022, regarding a specific issue of shares for cash to
participating employees (“Specific Issue”) and the convening of the
General Meeting.

Shareholders are advised that all the resolutions required to give effect
to the Specific Issue were approved by the requisite majority of
shareholders.

In terms of the authority granted, Capitec was authorised to issue
Capitec ordinary shares (“Shares”) to participating employees (“Specific
Issue Shares”) and to provide financial assistance to the participating
employees to subscribe for the Specific Issue Shares to the extent
required (“Financial Assistance”).

Based on the opening price of R2080.90 of the Shares on the Johannesburg
Stock Exchange today, a maximum of 480 561 Specific Issue Shares will
be issued.

The detailed results of the General Meeting are as follows:

                                    Votes
                     Votes for      against
                     resolution     resolution                  Number of
                     as a           as a                        shares
                     percentage     percentage                  voted at      Number of
                     of total       of total                    the General   shares
                     number of      number of     Number of     Meeting as    abstained
                     shares voted   shares        shares        a             as a
Resolutions          at the         voted at      voted at      percentage    percentage
proposed at the      General        the General   the General   of shares     of shares
General Meeting      Meeting        Meeting       Meeting       in issue      in issue

Special resolution   99.94%         0.06%         95 415 741    82.52%        0.04%
number 1: Approval
of the Financial
Assistance

Ordinary             99.89%         0.11%         95 416 560    82.52%        0.04%
resolution
number 1:
Approval of the
issue of the
Specific Issue
Shares

Note:
The total number of Shares in issue as at the date of the General Meeting
was 115 626 991.

Stellenbosch
22 February 2022

Corporate Advisor and JSE Equity and Debt Sponsor
PSG Capital

Attorneys
Webber Wentzel

Independent Reporting Accountants
PricewaterhouseCoopers Inc.

Date: 22-02-2022 04:00:00
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