CPI - Capitec - Restructuring of BEE Consortium: Acquisition of A 5.3% Interest

CPI - Capitec - Restructuring of BEE Consortium: Acquisition of A 5.3% Interest 
in Capitec by the Public Investment Corporation SOC Limited                     
CAPITEC BANK HOLDINGS LIMITED                                                   
(Incorporated in the Republic of South Africa)                                  
(Registration number 1999/025903/06)                                            
(JSE share code: CPI   ISIN: ZAE000035861)                                      
("Capitec" or "the company")                                                    
RESTRUCTURING OF BEE CONSORTIUM: ACQUISITION OF A 5.3% INTEREST IN CAPITEC BY   
THE PUBLIC INVESTMENT CORPORATION SOC LIMITED ("PIC")                           
Shareholders are advised in accordance with paragraph 3.83(b) of the Listings   
Requirements of the JSE Limited ("JSE") and in terms of section 122 of the      
Companies Act, 71 of 2008, as amended, that the PIC has acquired 5 284 735      
ordinary shares in Capitec from Coral Lagoon Investments 194 (Pty) Limited      
("Coral") representing approximately 5.3% of Capitec`s issued ordinary share    
capital.                                                                        
Coral is the investment company through which a group of black shareholders     
("the Consortium") as defined in the Broad-Based Black Economic Empowerment Act,
2003 (Act 53 of 2003) ("the BEE Act") hold an interest in Capitec. The          
Consortium has today disposed of 5 284 735 of its restricted ordinary Capitec   
shares at a discounted price of R156.11 ("the shares") to the PIC. The PIC has  
acquired the shares as part of a restructure of the financing of the            
Consortium`s interest in Capitec ("the transaction") emanating from an early    
redemption of the Consortium`s loan commitments to its financier. These shares  
will remain restricted, i.e. they can only be sold to black people as defined in
the BEE Act. This transaction forms part of a continuing restructure of the     
financing of the Consortium`s interest in Capitec.                              
Jackie Huntley is a non-executive director of Capitec and Coral and a           
beneficiary of the consortium in respect of this transaction to the extent of   
0.6%.                                                                           
Stellenbosch                                                                    
29 February 2012                                                                
Sponsor - PSG Capital (Pty) Limited                                             
Date: 29/02/2012 17:25:26 Supplied by www.sharenet.co.za                     
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