TRANSACTION CAPITAL LIMITED - Global Credit Ratings downgrades the ratings and places them on Rating Watch Negative

Global Credit Ratings downgrades the ratings and places them on Rating Watch Negative

Transaction Capital Limited                               TransCapital Investments Limited             
(Incorporated in the Republic of South Africa)            (Incorporated in the Republic of South Africa)  
Registration Number: 2002/031730/06                       Registration Number: 2016/130129/06       
JSE share code: TCP                                       Bond company code: TCII                 
ISIN: ZAE000167391                                        LEI NUMBER: 378900AA31160C6B8195                 
("Transaction Capital" or "the Company")     

GLOBAL CREDIT RATINGS DOWNGRADES THE RATINGS ON TRANSACTION CAPITAL LIMITED AND PLACES THEM ON RATING WATCH NEGATIVE
DUE TO THE ONGOING CORPORATE RESTRUCTURING

GCR Ratings ("GCR") has downgraded the long and short-term South African national scale issuer credit
ratings on Transaction Capital Limited to A-(ZA) and A2(ZA) respectively, from A(ZA) and A1(ZA) respectively, with
a Rating Watch Negative. At the same time, the long-term international scale rating has been affirmed at B+
with a Rating Watch Negative.

A full ratings report will be uploaded onto the website once made available by GCR. Shareholders and
noteholders are referred to the Company's website on www.transactioncapital.co.za.

Sandton
22 February 2024

Enquiries:
Lisa Lill – Company Secretary
Email: lisal@transactioncapital.co.za

Sponsors:
Equity Sponsor: Investec Bank Limited
Debt Sponsor: Rand Merchant Bank (a division of FirstRand Bank Limited)

Date: 22-02-2024 05:00:00
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