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 No: 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 director of a major subsidiary of the
Company have exercised share appreciation rights ("SARs") in terms of the Transaction Capital Share
Appreciation Rights Plan.

Name of director                                 David Hurwitz
Name of company                                  Transaction Capital Limited, TCRS Holdings (Pty)
                                                 Ltd, TCRS (Pty) Ltd and SA Taxi Holdings (Pty) Ltd
Date transaction was effected                    25 June 2020
Class of security                                SARs in respect of ordinary shares
Share price                                      R18.08
Number of shares to be delivered                 114 044
Total value of transaction                       R2 061 916
Nature of transaction                            Off market exercise of SARs (and receipt of
                                                 corresponding Transaction Capital ordinary shares)
Nature of interest                               Direct beneficial
Clearance obtained                               Yes

Name of director                                 David McAlpin
Name of company                                  TCRS Holdings (Pty) Ltd and TCRS (Pty) Ltd
Date transaction was effected                    25 June 2020
Class of security                                SARs in respect of ordinary shares
Share price                                      R18.08
Number of shares to be delivered                 91 235
Total value of transaction                       R1 649 529
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
26 June 2020

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

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

Date: 26-06-2020 05:30:00
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.