CAPITEC BANK HOLDINGS LIMITED - Voluntary Announcement: Acquisition Of Walletdoc

Voluntary Announcement: Acquisition Of Walletdoc

Capitec Bank Holdings Limited
Registration number 1999/025903/06
Incorporated in the Republic of South Africa
Registered bank controlling company
Ordinary Share Code: CPI ISIN Number: ZAE000035861
Preference Share Code: CPIP ISIN Number: ZAE000083838
("Capitec")

VOLUNTARY ANNOUNCEMENT: ACQUISITION OF WALLETDOC

Shareholders are advised that Capitec has entered into a
binding agreement on 5 December 2025 to acquire 100% of
Walletdoc Holdings Proprietary Limited ("Walletdoc Holdings"),
subject to regulatory approvals.

Walletdoc   Holdings'   wholly  owned   subsidiary   Walletdoc
Proprietary Limited ("Walletdoc"), established in 2015, is a
South African fintech providing scalable, innovative payment
gateway solutions for merchants, including online and in-app
payments, digital wallets, Instant EFT, payment links, and
real-time payouts. Walletdoc's culture of innovation,
efficiency, and client focus is closely aligned with Capitec's
core values.

This acquisition is a strategic step in Capitec's ongoing
commitment to lower the cost of payments, broaden access to
digital financial services, and promote financial inclusion
in South Africa.

The purchase consideration comprises a cash payment of
R300 million (subject to customary adjustments upon closing
of the transaction) and a deferred earn-out of R100 million,
linked to the Capitec share price and payable in cash over
three years, subject to the achievement of certain milestones
over that period.

Capitec believes in the power of innovative technology to
deliver smart, seamless payment solutions that benefit both
merchants and consumers. We are committed to making financial
services more accessible and affordable for all South
Africans, and we see this acquisition as an important step in
building a more inclusive and competitive payments ecosystem.


8 December 2025
Stellenbosch

Sponsor: PSG Capital Proprietary Limited

Legal advisor to Capitec: Bowman Gilfillan Incorporated

Date: 08-12-2025 09:00:00
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