Fulfilment of a condition precedent Transaction Capital Limited TransCapital Investments Limited (Incorporated in the Republic of South Africa) (Incorporated in the Republic of South Africa) Registration number: 2002/031730/06 (Registration No. 2016/130129/06) JSE share code: TCP Bond Company code: TCII ISIN: ZAE000167391 (“Transaction Capital”) FULFILMENT OF A CERTAIN CONDITION PRECEDENT IN RELATION TO THE TRANSACTION IN WHICH TRANSACTION CAPITAL INCREASES ITS SHAREHOLDING IN WBC HOLDINGS PROPRIETARY LIMITED, INCORPORATING ITS SUBSIDIARIES INCLUDING WE BUY CARS PROPRIETARY LIMITED 1.INTRODUCTION Shareholders are referred to the announcement released on the Stock Exchange News Service (“SENS”) of the JSE Limited on 27 May 2021 advising shareholders that Transaction Capital Motor Holdco Proprietary Limited (“TCMH”) (a wholly-owned subsidiary of Transaction Capital) concluded agreements to (i) subscribe for shares in WBC Holdings Proprietary Limited (“WBC Holdco”) and acquire shares from certain of the existing shareholders in WBC Holdco; and (ii) exchange the existing shares held by TCMH in We Buy Cars Proprietary Limited for newly issued shares in WBC Holdco, such that following the implementation of the agreements, TCMH will hold 74.9% of the issued shares in WBC Holdco on a fully diluted basis (the “proposed transaction”). 2.FULFILMENT OF CERTAIN CONDITIONS PRECEDENT Transaction Capital is pleased to advise that it has obtained the approval of the competition authorities to implement the proposed transaction. The proposed transaction is still subject to the remaining conditions precedent set out in the SENS of 27 May 2021 and a further announcement will be made once those conditions have been fulfilled. Hyde Park 4 August 2021 Enquiries: Nomonde Xulu - Investor Relations Email: nomondex@transactioncapital.co.za JSE Sponsor and Equity Markets Broker: Investec Bank Limited Debt Sponsor: RAND MERCHANT BANK (A division of FirstRand Bank Limited) Legal counsel to Transaction Capital: ENSAfrica Tax advisors to Transaction Capital: Werksmans Attorneys Corporate advisor to WBC Holdco: Pallidus Capital Proprietary Limited Legal counsel to WBC Holdco: Cliffe Dekker Hofmeyr Inc. Date: 04-08-2021 11:42:00 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.