Trading Statement in respect of the 12 months ended 30 September 2014 Transaction Capital Limited (Incorporated in the Republic of South Africa) Registration number: 2002/031730/06 JSE share code: TCP ISIN: ZAE000167391 Tax reference number: 9466/298/15/6 (“Transaction Capital” or “group”) TRADING STATEMENT IN RESPECT OF THE 12 MONTHS ENDED 30 SEPTEMBER 2014 In terms of paragraph 3.4(b) of the Listings Requirements of the JSE Limited, an issuer is required to publish a trading statement as soon as it is satisfied that earnings per share (“EPS”) and/or headline earnings per share (“HEPS”) for the next period to be reported are expected, with a reasonable degree of certainty, to differ by at least 20% from those of the previous corresponding period. Accordingly, the table that follows provides guidance for the expected increases or decreases in the group's Basic earnings, Basic EPS, Headline earnings and HEPS for the 12 months ended 30 September 2014. Investors are referred to the Stock Exchange News Service of the JSE Limited (“SENS”) announcement of 5 May 2014, entitled “Trading Statement in respect of the 6 months ended 30 March 2014” which sets out the significant developments since the 2013 financial year end that have had an impact on the 2014 financial results. Due to the effect of and profit generated by the sale of Bayport and Paycorp, which became effective in the first half of the 2014 financial year, it is management’s view that the most appropriate metric to measure performance for the 2014 financial year is continuing earnings. 12 months ended Guidance 12 months ended Guidance 12 months ended 30 September 2013 30 September 2014 30 September 2014 (Actual) (Expected number range) (Expected percentage range) Continuing earnings: Basic earnings R283m R325.5m to R339.6m 15% to 20% Basic EPS 48.5 cents 55.8 cents to 58.2 cents 15% to 20% Headline earnings R283m R325.5m to R339.6m 15% to 20% Headline EPS 48.5 cents 55.8 cents to 58.2 cents 15% to 20% Discontinued earnings*: Basic earnings R261m R600.3m to R613.4m 130% to 135% Basic EPS 44.7 cents 105.1 cents to 107.3 cents 135% to 140% Headline earnings R262m R13.1m to R26.2m (95%) to (90%) Headline EPS 44.9 cents 2.3 cents to 4.5 cents (95%) to (90%) Total earnings: Basic earnings R544m R924.8m to R952.0m 70% to 75% Basic EPS 93.2 cents 158.4 cents to 163.1 cents 70% to 75% Headline earnings R545m R327.0m to R354.3m (40%) to (35%) Headline EPS 93.4 cents 58.8 cents to 63.5 cents (37%) to (32%) *Attributable to ordinary equity holders of the parent Shareholders are advised that the financial information on which this trading statement is based has not been reviewed and reported on by the group’s external auditors. Transaction Capital’s results for the 12 months ended 30 September 2014 are expected to be released on SENS on Tuesday 25 November 2014. Sandton 20 November 2014 Enquiries: Phillipe Welthagen - Investor Relations Telephone: +27 (0) 11 049 6729 Sponsor: Deutsche Securities (SA) Proprietary Limited Date: 20/11/2014 01:57:00 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.