CAPITEC BANK HOLDINGS LIMITED - Dealing in Securities by an Associate of a Director

Dealing in Securities by an Associate of a Director

CAPITEC BANK HOLDINGS LIMITED
Incorporated in the Republic of South Africa
(Registration number: 1999/025903/06)
Share Code:    CPI
ISIN Number: ZAE000035861

DEALING IN SECURITIES BY AN ASSOCIATE OF A DIRECTOR

In compliance with rules 3.63 to 3.74 of the JSE Limited Listings
Requirements, the following information, relating to the dealing in
securities by an associate of a director is disclosed:

 NAME OF DIRECTOR                    M S du P le Roux
 NAME OF ASSOCIATE                   Limietberg Sekuriteit (Pty) Ltd
 DIRECTOR’S RELATIONSHIP WITH        Mr Le Roux is a director of
 ASSOCIATE                           Limietberg Sekuriteit (Pty) Ltd
 COMPANY OF WHICH HE IS A DIRECTOR   Capitec Bank Holdings Limited
 STATUS                              Non-Executive Director
 CLASS AND TYPE OF SECURITIES        Ordinary shares
 DATE OF TRANSACTION                 19 December 2018
 NUMBER OF SECURITIES TRANSACTED     1 250 000
 NATURE OF TRANSACTION               Collar (Long Put and Short Call)

 PUT STRIKE PRICE                    R 970.53
 CALL STRIKE PRICE                   R 1,833.23
 OPTION STYLE                        European
 EXPIRY DATE                         3 years on average
 TRADE                               Off Market
 NATURE AND EXTENT OF THE            Indirect, non-beneficial
 DIRECTOR’S INTEREST IN THE
 TRANSACTION

Due to the continued volatility in the market and Mr le Roux's age, this
transaction enabled Limietberg Sekuriteit (Pty) Ltd (“Limietberg”) to
protect the downside risk of the share price at 90% of the current value
(“Put strike price”) on 1 250 000 Capitec shares. In order to reduce the
cost of the protection, Limietberg was willing to forfeit the growth above
170% of the current value (“Call strike price”) of the shares. It is
Limietberg's intention to cash settle the transaction at maturity as
opposed to selling any shares.

20 December 2018

Sponsor
PSG Capital

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