TRANSACTION CAPITAL LIMITED - Exercise of share appreciation rights in terms of the Transaction Capital Share Appreciation Rights Plan

Exercise of share appreciation rights in terms of the Transaction Capital Share Appreciation Rights Plan

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                                  JSE debt code: TCII
ISIN: ZAE000167391
("Transaction Capital" or "the Company")
                                                     
                                                     
EXERCISE OF SHARE APPRECIATION RIGHTS IN TERMS OF THE TRANSACTION CAPITAL SHARE APPRECIATION RIGHTS PLAN

In compliance with paragraphs 3.63 to 3.65 of the JSE Limited Listings Requirements, notification is
hereby given that the following director of the Company and a major subsidiary of the Company has
exercised share appreciation rights ("SARs") in terms of the Transaction Capital Share Appreciation
Rights Plan.

Name of director                              Mark Herskovits
Name of company                               Transaction Capital Limited and SA Taxi
                                              Development Finance (Pty) Ltd
Date transaction was effected                 28 November 2019
Class of security                             SARs in respect of ordinary shares
Share price                                   R21.90
Number of shares to be delivered              78 534
Total value of transaction                    R1 719 895
Nature of transaction                         Off market exercise of SARs (and receipt of
                                              corresponding Transaction Capital ordinary shares)
Nature of interest                            Direct beneficial
Clearance obtained                            Yes

Dunkeld West
29 November 2019

Enquiries:
Phillipe Welthagen - Investor Relations
Telephone: +27 (0) 11 049 6700

Sponsor:
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 29-11-2019 05:30:00
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