Trading Statement 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”) Trading statement in accordance with paragraph 3.4(b) of the Listings Requirements of the JSE Limited Cartrack is publishing a trading statement for the six months ended 31 August 2018 (“HY19”) and expects the HY19 results to fall within the following range: HY19 HY18 Growth on prior period Expected range (cps) cps (%) Headline Earnings Per 20 - 30 56 – 60 46,2 Share Basic Earnings Per Share 20 - 30 56 – 60 46,6 The Group achieved robust growth of more than 25% in both the subscriber base and subscription revenue. These are both key performance indicators. The HY19 is the first set of interim results of the Group where IFRS 9 Financial Instruments, IFRS 15 Revenue from Contracts with Customers and IFRS 16 Leases will be applied. Most significantly, the Group now treats cash sales in the same manner as rental sales by capitalising the cost of the unit and other incremental costs and depreciating these capitalised costs over a period of between 12 to 60 months. Similarly, revenue is recognised over a period of between 12 to 60 months, irrespective whether a rental or a cash sale. These new standards, better align the reporting of Cartrack’s results to its competitors and will allow improved year-on-year comparisons. The financial information contained in this trading statement has not been reviewed nor reported on by the Group’s external auditors. The Company expects to release its interim results for HY19 on 31 October 2018. Johannesburg 19 October 2018 Sponsor: The Standard Bank of South Africa Limited Date: 19/10/2018 07:05:00 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.