Trading statement in respect of the year ended 30 September 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” or “company”) TRADING STATEMENT IN RESPECT OF THE YEAR ENDED 30 SEPTEMBER 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 year ended 30 September 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 2015 financial period. The section “continuing earnings” reflects the results of the group as currently structured. Year ended Guidance for the year ended Guidance for the year ended 30 September 2014 30 September 2015 30 September 2015 (Actual) (Expected number range) 1 (Expected percentage range) 1 Continuing earnings2: Basic earnings R330m R389m to R406m 18% to 23% Basic EPS 57.3 cents 67.6 cents to 70.5 cents 18% to 23% Headline earnings R330m R389m to R406m 18% to 23% Headline EPS 57.3 cents 67.6 cents to 70.5 cents 18% to 23% Discontinued earnings2: Basic earnings3 R607m R0m Basic EPS3 105.4 cents 0 cents Headline earnings R21m R0m Headline EPS 3.7 cents 0 cents Total earnings2: Basic earnings3 R937m R389m to R406m -58.5% to -56.7% 3 Basic EPS 162.7 cents 67.6 cents to 70.5 cents -58.4% to -56.7% Headline earnings R351m R389m to R406m 10.8% to 15.6% Headline EPS 61.0 cents 67.6 cents to 70.5 cents 10.8% to 15.6% 1 The effect of the early adoption of IFRS 9: Financial Instruments - classification and measurement (replacement of IAS 39) (“IFRS 9”) has been incorporated in the guidance provided 2 Attributable to ordinary equity holders of the group 3 Includes the profit on the sale of subsidiary companies The board of directors of Transaction Capital has elected to publish an ancillary statement today dealing with the financial effects on the group’s opening retained income and certain key performance indicators for the financial year ended 30 September 2015 arising from the decision by the group to early adopt IFRS 9. In this regard, shareholders are referred to the announcement released on the Stock Exchange News Service of the JSE (“SENS”) titled Ancillary statement to Transaction Capital’s trading statement also published today, 18 November 2015. Transaction Capital’s results for the year ended 30 September 2015 are expected to be released on SENS on Tuesday, 24 November 2015. The financial information on which this trading statement is based has not been reviewed or reported on by the Company’s external auditors. Sandton 18 November 2015 Enquiries: Phillipe Welthagen - Investor Relations Telephone: +27 (0) 11 049 6729 Sponsor: Deutsche Securities (SA) Proprietary Limited Date: 18/11/2015 01:30:00 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.