Acceptance of conditional shares in terms of the Transaction Capital Conditional Share 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”) ACCEPTANCE OF CONDITIONAL SHARES IN TERMS OF THE TRANSACTION CAPITAL CONDITIONAL SHARE PLAN In compliance with the JSE Limited Listings Requirements, notification is hereby given that the following director of a major subsidiary of the company has accepted a conditional right to Transaction Capital shares issued in terms of the Transaction Capital Limited Conditional Share Plan (“CSP”). The CSP award is subject to performance criteria and will vest equally (33.33% per annum) on 20 November 2020, 20 November 2021 and 20 November 2022, respectively. The CSP award has a strike price of Rnil. Clearance in terms of the JSE Limited Listings Requirements was obtained. Name of director David McAlpin Name of company Transaction Capital Risk Services Holdings Proprietary Limited Date transaction was effected 28 March 2019 Class of security CSP awards in respect of ordinary shares Number of CSP awards 2 196 837 Total value R12 500 003 Nature of transaction Off market acceptance of allocation of CSP awards Nature of interest Direct beneficial Dunkeld West 28 March 2019 Enquiries: Phillipe Welthagen - Investor Relations Telephone: +27 (0) 11 049 6700 Sponsor: RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 28/03/2019 05:47:00 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.