LETSHEGO HOLDINGS LIMITED - Notice to Shareholders Share Buy Back

Notice to Shareholders – Share Buy Back

Letshego Holdings Limited
Incorporated in the Republic of Botswana
Registration number 98/442

Instrument   Code:   LHL03   ISIN:   ZAG000101924
Instrument   Code:   LHL13   ISIN:   ZAG000129719
Instrument   code:   LHL17   ISIN:   ZAG000132234
Instrument   code:   LHL18   ISIN:   ZAG000132242
Instrument   code:   LHL19   ISIN:   ZAG000132259

(“Letshego Holdings” or “the Company”)

This announcement is being released on the Johannesburg Stock Exchange for
information purposes only in respect of Letshego Holdings Limited’s Note
Programme.

Notice to Shareholders – Share Buy Back

Letshego Holdings Limited was incorporated in 1998, is headquartered in Gaborone
and has been publicly listed on the Botswana Stock Exchange (BSE) since 2002. It
is an inclusive finance focused group with consumer lending, micro finance and
deposit-taking subsidiaries across sub-Saharan Africa.

The Board of Directors (the “Board”) of the Company hereby announces that it has
exercised its power under the general mandate to buyback (the “Share Buy-back
Mandate”) shares of the Company (the “Shares”) granted by the Shareholders of the
Company (the “Shareholders”) to the Board at the annual general meeting (the “AGM”)
of the Company held on 25 May 2016, which was a renewal of the original Shareholder
mandate provided in May 2015.

Pursuant to the Share Buy-back Mandate, the Company is allowed to buy-back up to
218,490,166 Shares on the Botswana Stock Exchange for an amount which shall not
exceed the sum of retained profits of the Company based on its latest financial
statement of the Company, nor a monetary value of BWP 561,519,726 in total. The
Share Buy Back Mandate also has the following conditions:

•     The Company cannot purchase shares from individuals or entities (or their
      associates) that hold more than 5% of the ordinary shares in issue;

•     The Company cannot purchase shares from Directors, management or staff of
      the Company or its subsidiaries;

•     The price cannot be more than a 5% (five) premium to the previous 5 (five)
      trading days weighted average share price; and

•     The Company can only trade in its shares when it is not in a closed period.

On 5th September 2016, the Company bought back on market a total of 13,354,525
Shares, representing approximately 0.006% of the issued share capital of the
Company. The highest purchase price per Share was BWP2.04, the lowest purchase
price per Share was BWP2.04 and the average purchase price was approximately
BWP2.04. The aggregate consideration for the buy-back of Shares was BWP27,499,552.
The Share Buy Back has been implemented in accordance with all applicable
regulations and conditions the Board is subject to.

The Board believes that the Company’s solid financial position will enable it to
conduct the Share Buy-back while maintaining sufficient resources for the continued
growth of the Company’s and Group’s operations.

Shareholders and potential investors should note that the exercise of the Share
Buy-back by the Company will, in accordance with the Share Buy Back Mandate, subject
to market conditions, be implemented at the absolute discretion of the Board and

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as per the conditions of the Shareholder mandate. There is no assurance of the
timing, quantity or price of any further Share Buy-back. Further updates, by way
of a notice to Shareholders will be provided as appropriate.

For and on behalf of the Board of Directors:


J A Burbidge

Chairman

9 September 2016


Debt sponsor in South Africa
The Standard Bank of South Africa Limited, acting through its Corporate and
Investment Banking division

Sponsoring broker in Botswana
Stockbrokers Botswana Limited




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