Benguela Global Fund Managers’ Letter To Capitec – Conclusion Of Matter 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" or “the company”) BENGUELA GLOBAL FUND MANAGERS’ LETTER TO CAPITEC – CONCLUSION OF MATTER We refer to a SENS announcement yesterday, 1 February 2018 directing shareholders to Capitec’s website for the company’s response to Benguela Global Fund Managers’ (“BGFM”)concerns relating to a number of matters. We advise that Capitec’s CFO, André du Plessis has had a successful meeting with the BGFM team this morning. We are pleased to advise that the BGFM team is satisfied with Capitec’s response as set out in their same dated response of which we include the full body of the letter: “RE: Your letter of 01 February 2018 1. Thank you for your detailed letter (of 1 February 2018) and a constructive meeting at our offices today addressing our concerns around the effect of rescheduling of loans on the business. We appreciate the exemplary way in which you handled our concerns. 2. We are comfortable with your extensive explanations. 3. We look forward to further constructive interactions in future.” Refer to our website for this letter at https://www.capitecbank.co.za/investor-relations 2 February 2018 Stellenbosch Sponsor PSG Capital Date: 02/02/2018 04:35:00 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.