Results of the Annual General Meeting held on 3 July 2020 and A Further Cautionary Announcement 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”) RESULTS OF THE ANNUAL GENERAL MEETING HELD ON 3 JULY 2020 AND A FURTHER CAUTIONARY ANNOUNCEMENT Shareholders are advised that all the resolutions proposed at the Annual General Meeting (“AGM”) of the Company on 3 July 2020 were passed by the requisite majority of shareholder votes. The resolutions were voted on as follows: % of issued Number share capital Total number of issued shares that can be voted 100% 300 000 000 at the meeting Total number of shares present/represented, 90% 269 200 267 including proxies, at the meeting as % of voteable shares Total number of shares present/represented, 90% 269 200 267 including proxies, at the meeting as % of issued shares Total number of members present in person 4 For Against Abstain Shares voted Ordinary resolution no 1 Re-appointment of Mrs K 269 158 533 1 250 40 484 269 159 783 White as a director of the company 100% 0.00% 0.01% 89.72% Ordinary resolution no 2 Re-appointment of external 269 031 695 126 381 42 191 269 158 076 auditor 99.95% 0.05% 0.01% 89.72% Ordinary resolution no 3.1 Appointment of Mrs K White as 269 158 533 1 250 40 484 269 159 783 member and chairman of the Audit and Risk Committee 100.00% 0.00% 0.01% 89.72% Ordinary resolution no 3.2 Appointment of Mr DJ Brown as member of the Audit and 268 371 905 791 053 37 309 269 162 958 Risk Committee 99.71% 0.29% 0.01% 89.72% Ordinary resolution no 3.3 Appointment of Mrs S Rapeti 269 040 752 123 206 36 309 269 163 958 as member of the Audit and Risk Committee 99.95% 0.05% 0.01% 89.72% Ordinary resolution no 4 Signature of documents 269 162 708 1 250 36 309 269 163 958 100.00% 0.00% 0.01% 89.72% Ordinary resolution no 5 Advisory approval of 268 274 157 888 801 37 309 269 162 958 remuneration policy 99.67% 0.33% 0.01% 89.72% Ordinary resolution no 6 Advisory approval of 268 274 157 888 801 37 309 269 162 958 implementation of remuneration policy 99.67% 0.33% 0.01% 89.72% Special resolution no 1.1 Approval of remuneration of 268 490 686 669 097 40 484 269 159 783 DJ Brown 99.75% 0.25% 0.01% 89.72% Special resolution no 1.2 Approval of remuneration of K 269 158 533 1 250 40 484 269 159 783 White 100.00% 0.00% 0.01% 89.72% Special resolution no 1.3 Approval of remuneration of 269 158 533 1 250 40 484 269 159 783 TA Ikalafeng 100.00% 0.00% 0.01% 89.72% Special resolution no 1.4 Approval of remuneration of S 269 158 533 1 250 40 484 269 159 783 Rapeti 100.00% 0.00% 0.01% 89.72% Special resolution no 2 266 864 237 2 295 546 40 484 269 159 783 Financial assistance 99.15% 0.85% 0.01% 89.72% Special resolution no 3 Repurchase of securities 268 365 785 798 173 36 309 269 163 958 99.70% 0.30% 0.01% 89.72% Further Cautionary Announcement Shareholders are also referred to a further cautionary announcement dated 29 May 2020 in terms of which shareholders were advised that the Company received an expression of interest from a foreign investor, which is proposing a transaction that could ultimately result in the restructure of the Company such that shareholders would hold shares, pursuant to a scheme of arrangement, in a Singapore entity which would hold a primary listing on a major global stock exchange with a secondary listing on the JSE. The independent sub-committee of the board continues to consider the terms of the proposal and the ongoing discussions. Shareholders should accordingly continue to exercise caution when dealing in their Cartrack securities until a further announcement in this regard is made. Johannesburg 3 July 2020 Sponsor: The Standard Bank Limited Date: 03-07-2020 05:38:00 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.