Trading Update CAPITEC BANK HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number 1999/025903/06) (Ordinary Share Code: CPI ISIN Number: ZAE000035861) (Preference Share Code: CPIP ISIN Number: ZAE000083838) (“Capitec”) TRADING UPDATE Capitec hereby advises that a reasonable degree of certainty exists that earnings per share and headline earnings per share for the half year ended 31 August 2014 will exceed the comparable earnings per share and headline earnings per share for the previous corresponding period being 31 August 2013 by between 18% and 22%. The following key performance indicators contributed to this performance: - The pattern of strong growth in active clients continued. - Transaction income grew significantly not only because of an increase in client numbers, but also because we attracted clients in higher income groups who do more transacting. The mix of transactions has improved in line with our strategy to encourage clients to reduce fees by using their cards, mobile and internet banking. The take up of our smartphone app has exceeded our expectations. - Growth in retail lending was satisfactory under the current market conditions and the bad debts results were in line with our risk appetite which factored in these market conditions. - Cost management was within stated objectives. - Preference shares which no longer counted as capital were repurchased and replaced with less expensive fixed deposits. - The bank remains very well capitalised. - Healthy growth in retail deposits occurred, both in call and fixed-term products, tracking the robust growth in client numbers. The financial information on which this trading update is based has not been reviewed and reported on by Capitec’s auditors. The financial results for the interim reporting period ended 31 August 2014 are expected to be published on or about 29 September 2014. By order of the Board Stellenbosch 4 September 2014 Sponsor PSG Capital (Pty) Limited Date: 04/09/2014 03:17:00 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.