CPI - Capitec Bank Holdings Limited - Voluntary announcement: change in

CPI - Capitec Bank Holdings Limited - Voluntary announcement: change in         
outlook for Capitec Bank                                                        
CAPITEC BANK HOLDINGS LIMITED                                                   
Incorporated in the Republic of South Africa                                    
Registration number:  1999/025903/06                                            
Share Code:    CPI                                                              
ISIN Number:  ZAE000035861                                                      
("the Company")                                                                 
VOLUNTARY ANNOUNCEMENT: CHANGE IN OUTLOOK FOR CAPITEC BANK                      
The board of the Company is pleased to advise Shareholders that Moody`s         
Investors Service ("Moody`s") changed the outlook for the A2.za long-term       
national scale issuer rating assigned to Capitec Bank Limited ("Capitec"),      
the wholly owned banking subsidiary of the Company, from stable to positive     
on 28 April 2011.  The previous rating action on Capitec`s national-scale       
ratings was implemented on 14 May 2008, when the short-term national-scale      
rating was upgraded to P-1.za from P-2.za.  This rating remains unchanged.      
Moody`s note in their press release that the change in the outlook from         
stable to positive reflects Capitec`s ongoing success in growing its            
franchise, diversifying its business base and maintaining good financial        
fundamentals, while successfully navigating through the financial crisis and    
macroeconomic slowdown. Capitec had increased its client base to 2.8 million    
in February 2011 from 1.0 million in February 2007 and over the same period     
has successfully converted from essentially a micro-finance institution to a    
retail bank offering affordable banking.                                        
The full credit opinion can be viewed on www.capitecbank.co.za                  
29 April 2011                                                                   
Stellenbosch                                                                    
Sponsor                                                                         
PSG Capital (Pty) Limited                                                       
Date: 29/04/2011 12:04:01 Supplied by www.sharenet.co.za                     
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.