CAPITEC BANK HOLDINGS LIMITED - Benguela Global Fund Managers Letter To Capitec - Capitecs Response

Benguela Global Fund Managers’ Letter To Capitec - Capitec’s Response

Capitec Bank Holdings Limited
Registration number 1999/025903/06
Registered bank controlling company
Incorporated in the Republic of South Africa
JSE ordinary share code: CPI ISIN code: ZAE000035861
JSE preference share code: CPIP ISIN code: ZAE000083838
("Capitec")

BENGUELA GLOBAL FUND MANAGERS’ LETTER TO CAPITEC -
CAPITEC’S RESPONSE

Benguela Global Fund Managers sent a letter to Capitec’s
CFO on 19 January 2018 and requested a reply by 5
February 2018. The letter deals mainly with initiation
fees, rescheduling, provisioning, reported performance,
social concerns and corporate governance. We have
responded in detail to their letter. Since their letter
was made public before we could respond, we were
compelled to publish our response in the public domain.

Refer to our website for their letter and our response at
https://www.capitecbank.co.za/investor-relations.

1 February 2018
Stellenbosch

Sponsor
PSG Capital

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