Acceptance of Share Appreciation Rights in terms of the Transaction Capital Limited Share Appreciation Rights Plan Transaction Capital Limited (Incorporated in the Republic of South Africa) Registration number: 2002/031730/06 JSE share code: TCP ISIN: ZAE000167391 (“the company”) ACCEPTANCE OF SHARE APPRECIATION RIGHTS IN TERMS OF THE TRANSACTION CAPITAL LIMITED SHARE APPRECIATION RIGHTS PLAN In compliance with paragraphs 3.63 to 3.65 of the JSE Limited Listings Requirements, notification is hereby given that the following directors and company secretary of the company and of major subsidiaries have exercised share appreciation rights (“SARs”) on 12 July 2016 in terms of the Transaction Capital Limited Share Appreciation Rights Plan. The SARs were granted to participants on 11 July 2013. Name of director Mark Herskovits Name of company Transaction Capital Limited Date transaction was effected 12 July 2016 Class of security SARs in respect of ordinary shares Number of SARs 751 685 Exercise Price R11.09 Grant Price R3.69 Number of shares to be delivered 501 576 Total value R5 562 478 Nature of transaction Off market exercise of SARs Nature of interest Direct beneficial Clearance Obtained Yes Name of director David McAlpin Name of company MBD Credit Solutions Holdings Proprietary Limited Date transaction was effected 12 July 2016 Class of security SARs in respect of ordinary shares Number of SARs 751 680 Exercise Price R11.09 Grant Price R3.69 Number of shares to be delivered 501 572 Total value R5 562 433 Nature of transaction Off market exercise of SARs Nature of interest Direct beneficial Clearance Obtained Yes Name of director Carl de Villiers Name of company MBD Credit Solutions Proprietary Limited Date transaction was effected 12 July 2016 Class of security SARs in respect of ordinary shares Number of SARs 281 881 Exercise Price R11.09 Grant Price R3.69 Number of shares to be delivered 188 091 Total value R2 085 929 Nature of transaction Off market exercise of SARs Nature of interest Direct beneficial Clearance Obtained Yes Name of director Maheshini Naidoo Name of company MBD Credit Solutions Proprietary Limited Date transaction was effected 12 July 2016 Class of security SARs in respect of ordinary shares Number of SARs 46 980 Exercise Price R11.09 Grant Price R3.69 Number of shares to be delivered 31 349 Total value R347 660 Nature of transaction Off market exercise of SARs Nature of interest Direct beneficial Clearance Obtained Yes Name of director Terry Kier Name of company SA Taxi Finance Holdings Proprietary Limited Date transaction was effected 12 July 2016 Class of security SARs in respect of ordinary shares Number of SARs 2 004 494 Exercise Price R11.09 Grant Price R3.69 Number of shares to be delivered 1 337 536 Total value R14 833 274 Nature of transaction Off market exercise of SARs Nature of interest Direct beneficial Clearance Obtained Yes Name of director Dawid Spangenberg Name of company SA Taxi Finance Holdings Proprietary Limited Date transaction was effected 12 July 2016 Class of security SARs in respect of ordinary shares Number of SARs 939 607 Exercise Price R11.09 Grant Price R3.69 Number of shares to be delivered 626 970 Total value R6 953 097 Nature of transaction Off market exercise of SARs Nature of interest Direct beneficial Clearance Obtained Yes Name of director Lorenzo Cardoso Name of company SA Taxi Finance Holdings Proprietary Limited Date transaction was effected 12 July 2016 Class of security SARs in respect of ordinary shares Number of SARs 313 202 Exercise Price R11.09 Grant Price R3.69 Number of shares to be delivered 208 991 Total value R2 317 710 Nature of transaction Off market exercise of SARs Nature of interest Direct beneficial Clearance Obtained Yes Name of director Bonisile Makubalo Name of company SA Taxi Finance Holdings Proprietary Limited Date transaction was effected 12 July 2016 Class of security SARs in respect of ordinary shares Number of SARs 62 640 Exercise Price R11.09 Grant Price R3.69 Number of shares to be delivered 41 798 Total value R463 540 Nature of transaction Off market exercise of SARs Nature of interest Direct beneficial Clearance Obtained Yes Name of director Riek Olivier Name of company SA Taxi Finance Holdings Proprietary Limited Date transaction was effected 12 July 2016 Class of security SARs in respect of ordinary shares Number of SARs 62 640 Exercise Price R11.09 Grant Price R3.69 Number of shares to be delivered 41 798 Total value R463 540 Nature of transaction Off market exercise of SARs Nature of interest Direct beneficial Clearance Obtained Yes Name of company secretary Ronen Goldstein Name of company Transaction Capital Limited Date transaction was effected 12 July 2016 Class of security SARs in respect of ordinary shares Number of SARs 62 640 Exercise Price R11.09 Grant Price R3.69 Number of shares to be delivered 41 798 Total value R463 540 Nature of transaction Off market exercise of SARs Nature of interest Direct beneficial Clearance Obtained Yes Dunkeld West 14 July 2016 Enquiries: Phillipe Welthagen - Investor Relations Mark Herskovits – Chief Financial Officer Telephone: +27 (0) 11 049 6700 Sponsor: Deutsche Securities (SA) Proprietary Limited Date: 14/07/2016 03:08:00 Produced by the JSE SENS Department. 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