TRANSACTION CAPITAL LIMITED - Exercise of share appreciation rights and conditional share awards

Exercise of share appreciation rights and conditional share awards

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" or "the Company")      

EXERCISE OF SHARE APPRECIATION RIGHTS AN D CONDITIONAL SHARE AWARDS

In compliance with the JSE Limited Listings Requirements, notification is hereby given that the following
directors of the Company and directors of major subsidiaries of the Company have exercised share
appreciation rights ("SARs") and conditional share plan awards ("CSPs") in terms of the Transaction Capital
Share Appreciation Rights Plan and the Transaction Capital Conditional Share Plan.

Share appreciation rights

Name of director                          David Hurwitz
Name of company                           Transaction Capital Limited
Date transaction was effected             27 May 2019
Class of security                         SARs in respect of ordinary shares
Share price                               R20.16
Number of shares to be delivered          187 278
Total value                               R3 775 524
Nature of transaction                     Off market exercise of SARs
Nature of interest                        Direct beneficial
Clearance obtained                        Yes

Name of director                          Mark Herskovits
Name of company                           Transaction Capital Limited and SA Taxi Finance
                                          Holdings Proprietary Limited
Date transaction was effected             27 May 2019
Class of security                         SARs in respect of ordinary shares
Share price                               R20.16
Number of shares to be delivered          156 065
Total value                               R3 146 270
Nature of transaction                     Off market exercise of SARs
Nature of interest                        Direct beneficial
Clearance obtained                        Yes
                                                                                                             
Name of director                          Lorenzo Cardoso
Name of company                           SA Taxi Finance Holdings Proprietary Limited
Date transaction was effected             28 May 2019
Class of security                         SARs in respect of ordinary shares
Share price                               R19.77
Number of shares to be delivered          109 307
Total value                               R2 160 999
Nature of transaction                     Off market exercise of SARs
Nature of interest                        Direct beneficial
Clearance obtained                        Yes

Conditional shares

Name of director                          Mark Herskovits
Name of company                           Transaction Capital Limited and SA Taxi Finance
                                          Holdings Proprietary Limited
Date transaction was effected             29 May 2019
Class of security                         CSPs in respect of ordinary shares
Share price                               R19.97
Number of shares to be delivered          27 916
Total value                               R557 483
Nature of transaction                     Off market exercise of CSPs
Nature of interest                        Direct beneficial
Clearance obtained                        Yes

Name of director                          Lorenzo Cardoso
Name of company                           SA Taxi Finance Holdings Proprietary Limited
Date transaction was effected             29 May 2019
Class of security                         CSPs in respect of ordinary shares
Share price                               R19.97
Number of shares to be delivered          16 749
Total value                               R334 478
Nature of transaction                     Off market exercise of CSPs
Nature of interest                        Direct beneficial
Clearance obtained                        Yes

Dunkeld West

30 May 2019

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

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

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