MIX TELEMATICS LIMITED - Dealings in securities by a director of a major subsidiary of Mix Telematics

Dealings in securities by a director of a major subsidiary of Mix Telematics

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
(“MiX Telematics”)


DEALINGS IN SECURITIES BY A DIRECTOR OF A MAJOR SUBSIDIARY OF MIX TELEMATICS

Shareholders are advised of the following information relating to dealings in securities by a director of a major subsidiary
of MiX Telematics relating to the exercise of share appreciation rights (“SARs”) under the MiX Telematics Limited
Long-Term Incentive Plan (“LTIP”).

Sabelo Toyi is exercising 187 500 SARS granted under the LTIP as set out in the table below. Sabelo Toyi’s intention
is to sell all of the shares issued to him in respect of these SARS. Sabelo Toyi has tendered his resignation as Financial
Director of our Africa Fleet Division to pursue a new career opportunity in a non-competitive industry. Sabelo will serve
his notice period through the end of October to ensure a smooth transition to his replacement who is already on board.

Stefan Joselowitz, Chief Executive Officer at MiX Telematics, said: “On behalf of the Board and staff of MiX
Telematics we thank Sabelo for his valuable contribution to the company over the past seven years. We wish him
everything of the best in his future endeavours.”

 Name of director:                                  Sabelo Toyi
 Name of subsidiary company:                        Director of Mix Telematics International Proprietary Limited
 Transaction dates:                                 16 and 17 September 2020
 Class of securities:                               Ordinary shares issued to settle gain from SARS exercised
 Nature of transaction:                             Off-market exercise of SARS under the LTIP
 Nature and extent of director’s interest:          Direct beneficial
 Clearance to deal received:                        Yes

  Award date                     Number           Award          Exercise         Total gain on           Ordinary shares
                                exercised          price            price                  SARs                    issued
  SARS exercised on  
  16 September 2020:
  31 August 2015                   31 250          R3.13            R5.98           R89 060.14                     14 893
  30 May 2016                      31 250          R2.94            R5.98           R94 998.28                     15 886
  24 November 2016                 62 500          R3.28            R5.83          R159 374.71                     27 337
  30 May 2017                      62 500          R3.46            R5.98          R157 501.24                     26 337
  SARS exercised on
  17 September 2020:
  24 November 2016                 62 500          R3.28            R5.83          R159 374.71                     27 337
                                  187 500                                          R500 934.37                     84 454

17 September 2020

JSE sponsor
Java Capital

Date: 17-09-2020 05:45:00
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