TRANSACTION CAPITAL LIMITED - Exercise of share appreciation rights in terms of the Transaction Capital Share Appreciation Rights Plan

Exercise of share appreciation rights in terms of the Transaction Capital Share Appreciation Rights Plan

Transaction Capital Limited
(Incorporated in the Republic of South Africa)
Registration number: 2002/031730/06
JSE share code: TCP
ISIN: ZAE000167391
(“Transaction Capital” or “the company”)

EXERCISE OF SHARE APPRECIATIO N RIGHTS IN TERMS OF THE TRANSACTION
CAPIT AL SHARE APPRECIATION RIGHTS PLAN

In compliance with paragraphs 3.63 to 3.65 of the JSE Limited Listings Requirements, notification is hereby
given that the following director of a major subsidiary of the company has exercised share appreciation rights
(“SARs”) on 22 November 2016 in terms of the Transaction Capital Share Appreciation Rights Plan. The
SARs were granted to participants on 18 November 2013.

Name of director                                  Bonisile Makubalo
Name of company                                   SA Taxi Finance Holdings Proprietary Limited
Date transaction was effected                     22 November 2016
Class of security                                 SARs in respect of ordinary shares
Number of SARs                                    46 786
Exercise Price                                    R13.80
Grant Price                                       R4.21
Number of shares to be delivered                  32 513
Total Value                                       R448 679
Nature of transaction                             Off market exercise of SARs
Nature of interest                                Direct beneficial
Clearance obtained                                Yes



Dunkeld West
23 November 2016

Enquiries:
Phillipe Welthagen - Investor Relations
Telephone: +27 (0) 11 049 6700

Sponsor:
Deutsche Securities (SA) Proprietary Limited

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