CARTRACK HOLDINGS LIMITED - Cartrack reaches 550k subscriber milestone

Cartrack reaches 550k subscriber milestone

Cartrack Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 2005/036316/06)
JSE share code: CTK
ISIN: ZAE000198305
(“Cartrack” or the “Company” or the “Group”)


CARTRACK REACHES 550K SUBSCRIBER MILESTONE

Shareholders are advised that Cartrack has reached another growth milestone of 550 000 active
subscribers.

Since inception, the company has recovered in excess of 20 000 vehicles to the value of over R4,1
billion and have achieved the highest independently audited recovery rate at 94% in the industry.
Cartrack was the first to market with a R150 000 recovery warranty, adding extra value to the
consumer. To honour this warranty, the company has paid out in excess of R11.5 million since the
inception in 2012.

For the five-month period to July 2016, Cartrack has experienced a net growth rate of 76% in Asia with
the signing of a number of significant partnerships.
In Indonesia, Cartrack has developed technology locally for the transport industry. The company has
fitted buses with Telematics units that relay real time information to consumers about bus schedules
and delays.

In Europe, Cartrack has seen a net growth rate of 12% for the five-month period to July 2016.
Regulatory matters on the protection of personal information and general road safety are strong
influencers of Telematics developments in this market, and Cartrack has, during 2016, introduced
various modifications and developments to assist transporters to comply with these more stringent
laws.

Growth in Africa has been low, given the current severe economic challenges faced by many countries
in Africa. However, good potential is still anticipated in the medium- to long-term for the region.
In South Africa, Cartrack’s collaborative alliance of many years with MAN Truck and Bus in South Africa
(MBT-SA) for the on-production-line installation of units was strengthened with the release of the
MBT-SA customized telematics solution, available to all MBT-SA clients.

Cartrack currently has a presence in 23 countries which span Africa, the Middle East, Europe and Asia
Pacific; more recently, an office in USA has been established and operations are expected to
commence soon.



Johannesburg
31 August 2016

Sponsor: Investec Bank Limited

Date: 01/09/2016 07:30:00 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.