Update Regarding MyBucks Restructuring Initiatives ECSPONENT LIMITED Incorporated in the Republic of South Africa Registration number: 1998/013215/06 JSE Code: ECS – ISIN: ZAE000179594 Debt Issuer Code: ECSD Hybrid Issuer Code: ECSH (“the Company” or “Ecsponent”) UPDATE REGARDING MYBUCKS RESTRUCTURING INITIATIVES ECSPONENT’S LARGEST INVESTMENT, MYBUCKS S.A. (“MYBUCKS”) CONTINUES ITS DEBT RESTRUCTURING INITIATIVES AND PREPARES FOR DELISTING FROM THE FRANKFURT STOCK EXCHANGE The Company is pleased to advise that MyBucks has completed the next phase of its debt restructuring and announces further initiatives to reduce its remaining debt exposures and to reduce its operational and head office cost structures. These initiatives include: • Reduction of external debt by c. EUR18 million through the effective sale of: o 49% shareholding in Opportunity Bank Uganda Limited; and o 25% of its stake in MyBucks Banking Corporation Limited (“MBC Malawi”). • Commencement of process to list MBC Malawi on the Malawian Stock Exchange; • The proposed delisting of MyBucks from the Frankfurt Stock Exchange to reduce operational, head office and regulatory costs; • Resignation of Riaan Paul and appointment of Tertius de Kock as Chief Financial Officer; and • Notice of delay of the release of 31 December 2019 Annual Financial Statements; The full announcement by MyBucks can be viewed at the following link: https://corporate.mybucks.com/articles/mybucks-sa-continues-its-debt-restructuring-and-prepares-for-delisting- from-the-frankfurt-stock-exchange/5NYsfXeSJrjpPHVPwJGLgL Pretoria 9 October 2020 Sponsor to Ecsponent Questco Corporate Advisory Proprietary Limited Date: 09-10-2020 02:00:00 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.