Sharenet Sites 
Sharenet Sites
Update to the proposed transaction
MiX TELEMATICS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1995/013858/06)
JSE share code: MIX ISIN: ZAE000125316
NYSE share code: MIXT
LEI Code: 529900S6HHR7CK7BU646
("MiX Telematics")
UPDATE TO THE PROPOSED TRANSACTION
Unless otherwise indicated, capitalised words and terms contained in this announcement shall bear the same meanings
ascribed thereto in the joint firm intention announcement published by MiX Telematics and PowerFleet, Inc.
("PowerFleet") on SENS on 10 October 2023.
FULFILMENT OF PRE-MEETING CONDITIONS
Shareholders are referred to the various announcements published on SENS on 10 October 2023, 22 November 2023 and
30 January 2024 relating to the Proposed Transaction and are advised that the conditions that were required to be fulfilled
or waived by the Pre-General Meeting Date as set out in the Scheme Circular, have been fulfilled or, to the extent required
and permitted in terms of the Scheme, waived by Mix Telematics and PowerFleet ("the parties").
Shareholders are further advised that on 14 February 2024 the Competition Commission granted merger approval in
respect of the Proposed Transaction, subject to certain conditions acceptable to the parties.
MiX Telematics shareholders should note that the Scheme remains subject to the fulfilment or waiver, as applicable, of
the remaining Scheme Conditions, as set out in paragraph 8.1.1 of the Scheme Circular. Shareholders will be provided
with a further update regarding the fulfilment or waiver, as the case may be, of all of the Scheme Conditions via SENS in
due course.
RESPONSIBILITY STATEMENT
The Independent Board and the MiX Telematics board (to the extent that the information relates to MiX Telematics)
collectively and individually accept responsibility for the information contained in this announcement and certify that, to
the best of their knowledge and belief, the information contained in this announcement relating to MiX Telematics is true
and this announcement does not omit anything that is likely to affect the importance of such information.
The board of directors of PowerFleet (to the extent that the information relates to PowerFleet) collectively and individually
accept responsibility for the information contained in this announcement and certify that to the best of their knowledge
and belief, the information contained in this announcement relating to PowerFleet is true and this announcement does not
omit anything that is likely to affect the importance of such information.
27 February 2024
Corporate advisor and sponsor to MiX Telematics
Java Capital
U.S. legal advisors to MiX Telematics
DLA Piper
U.S. financial advisor to MiX Telematics
Raymond James Financial, Inc.
U.S. legal advisors to PowerFleet
Olshan Frome Wolosky
SA legal advisors to PowerFleet
Webber Wentz
Date: 27-02-2024 04:30:00
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.
