R700 million loan financing from Afreximbank ECSPONENT LIMITED Incorporated in the Republic of South Africa Registration number: 1998/013215/06 JSE Code: ECS - ISIN: ZAE000179594 Debt Issuer Codes: ECSP and ECSD (“Ecsponent” or “the Company”) R700 MILLION LOAN FINANCING FROM AFREXIMBANK HIGHLIGHTS - Substantial move towards diversification of Ecsponent’s capital raising efforts; reducing reliance on retail funding. - Proceeds to bolster SME lending business. - Significant reduction in the Ecsponent’s weighted average cost of capital. - Four-year, rand denominated facility. The board of directors of the Company (“the Board”) is pleased to announce that the Company has concluded a term sheet with the African Export-Import Bank (“Afreximbank”) for a R700 million dual- tranche medium-term loan facility. The provision of the facility is subject to standard conditions precedent, including a due diligence and investor committee approval. The facility will support Ecsponent’s lending activities to its growing SME portfolio, reduce funding costs and improve profitability. The transaction is in line with the Company’s ongoing efforts to diversify and grow its funding sources and to strengthen its ability to service its growing credit operations, focused towards SMEs in South Africa and neighbouring countries. Ecsponent’s Credit operations provide the Company with short- and medium-term profitability. To date these operations have been funded through a combination of its preference share and domestic medium- term notes programmes, and more recently by institutional funding. The Afreximbank facility is expected to bolster the Company’s results as the reduction in funding costs will translate directly into improved profitability, while also improving tax efficiency. For more information about this announcement or the Ecsponent group, email investor.relations@ecsponent.com or visit www.ecsponentlimited.com/investor-relations 18 February 2019 Pretoria Sponsor to Ecsponent Questco Corporate Advisory (Pty) Ltd About Ecsponent Limited Ecsponent Limited (JSE: ECS) is listed on the JSE’s main board under the Financial Services - Specialty Finance sector. It has a growing footprint across South Africa, Botswana, Swaziland, Zambia and Zimbabwe. The Group creates wealth by investing in credit and equity opportunities in companies active in attractive and high-growth sectors in select African markets. The Group’s credit activities are tailored towards enterprise development initiatives that improve financial inclusion for SMEs operating in its select markets in Africa. Its equity investment activities are sector agnostic and focused towards investing in influential holdings in companies with substantial potential to achieve above average equity returns over a medium to long term holding period. About Afreximbank The African Export-Import Bank (Afreximbank) is the foremost pan-African multilateral financial institution devoted to financing and promoting intra- and extra-African trade. The Bank was established in October 1993 by African governments, African private and institutional investors, and non-African investors. Its two basic constitutive documents are the Establishment Agreement, which gives it the status of an international organization, and the Charter, which governs its corporate structure and operations. Since 1994, it has approved more than $67 billion in credit facilities for African businesses, including $7.2 billion in 2018. Afreximbank had total assets of $11.9 billion as at 31 December 2017 and is rated BBB+ (GCR), Baa1 (Moody’s), and BBB- (Fitch). The Bank is headquartered in Cairo. For more information, visit: www.afreximbank.com. Date: 18/02/2019 09:23:00 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.