CAPITEC BANK HOLDINGS LIMITED - Summit And Capitec Settle Their Differences For The Good Of The Consumer

Summit And Capitec Settle Their Differences For The Good Of The Consumer

Capitec Bank Holdings Limited
Incorporated in the Republic of South Africa
Registration number 1999/025903/06
Registered bank controlling company
JSE share codes: CPI - ISIN: ZAE000035861
("Capitec" or the “Company”)

SUMMIT AND CAPITEC SETTLE THEIR DIFFERENCES FOR THE GOOD OF
THE CONSUMER

All Summit assisted and initiated court and NCR cases
involving Capitec have been withdrawn. The principle
contention in these cases was against the multi loan product
which Capitec discontinued in February 2016. Both parties
have agreed to work together in improving the unsecured
lending industry for the benefit of all South Africans. This
initiative will include programs to improve consumer
financial literacy, providing effective consumer debt relief
solutions and building consumer financial capability. We
believe that this is an important joint step in bringing
positive change in the South African credit industry.

Stellenbosch
29 June 2018
Sponsor: PSG Capital

Date: 29/06/2018 09:55:00 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.