Trading statement in respect of The six months ended 31 March 2015 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 SIX MONTHS ENDED 31 MARCH 2015 In terms of paragraph 3.4(b) of the Listings Requirements of the JSE Limited (“JSE”), 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 on are expected, with a reasonable degree of certainty, to differ by at least 20% from that of the previous corresponding period. Accordingly, the table that follows provides guidance for the expected increases in the group's Basic earnings, Basic EPS, Headline earnings and HEPS for the six months ended 31 March 2015. Total earnings have been presented as required but are not meaningful in the current reporting period as the business units reflected in discontinued earnings no longer form part of the group and there are no discontinued operations to report on in the first six months of the 2015 financial period. The section “continuing earnings” reflects the results of the group as currently structured. Six months ended Guidance six months ended Guidance six months ended 31 March 2014 31 March 2015 31 March 2015 (Actual) (Expected number range) (Expected percentage range) Continuing earnings1: Basic earnings R148m R173m to R181m 17% to 22% Basic EPS 25.5 cents 29.8 cents to 31.1 cents 17% to 22% Headline earnings R148m R173m to R181m 17% to 22% Headline EPS 25.5 cents 29.8 cents to 31.1 cents 17% to 22% Discontinued earnings1: Basic earnings2 R607m R0m -100% Basic EPS2 104.8 cents 0 cents -100% Headline earnings R21m R0m -100% Headline EPS 3.6 cents 0 cents -100% Total earnings1: Basic earnings2 R755m R173m to R181m -77.1% to -76.0% 2 Basic EPS 130.3 cents 29.8 cents to 31.1 cents -77.1% to -76.0% Headline earnings R169m R173m to R181m 2.5% to 7.3% Headline EPS 29.1 cents 29.8 cents to 31.1 cents 2.5% to 7.0% 1 Attributable to ordinary equity holders of the group 2 Includes the profit on the sale of subsidiary companies 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 six months ended 31 March 2015 are expected to be released on the Stock Exchange News Service of the JSE on Tuesday, 5 May 2015. Sandton 30 April 2015 Enquiries: Phillipe Welthagen - Investor Relations Telephone: +27 (0) 11 049 6729 Sponsor: Deutsche Securities (SA) Proprietary Limited Date: 30/04/2015 03:20:00 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.