CARTRACK HOLDINGS LIMITED - Cartrack reaches 600k subscriber milestone

Cartrack reaches 600k 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 600K SUBSCRIBER MILESTONE

Shareholders are advised that Cartrack has reached over 600 000 active subscribers globally, reflecting
strong, consistent growth over the past years, and an increase of 20% since February 2016. An
increase in active subscribers translates into further growth in annuity revenues, and is a key
determinant in the ability of the Company to grow its base globally.

Cartrack currently has a presence in 24 countries which span Africa, the Middle East, Europe, Asia
Pacific and, more recently, an office in the USA. The robust subscriber growth was driven by strong
performances in Asia, Europe and South Africa. The South African market is differentiated by the
stolen vehicle recovery service that is provided, a sector in which Cartrack has performed consistently
well. Cartrack has managed to maintain an exceptional recovery rate of around 94% over many years.
This is partly as a result of having an in-house recovery team, which allows greater control of
deployment and service levels.

With the exception of sedentary conditions in the rest of Africa, which reflects the current state of
economics in a number of the countries the Company operates in, the growth seen has reflected
management’s expectations. The US operation has been established and will now commence trading.
The introduction of mandatory Electronic Driver Logging legislation for long haul vehicles in the USA
is creating substantial growth opportunities for fleet management technology.


Johannesburg
7 March 2017
Sponsor: Investec Bank Limited

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