Notice of board changes 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" or "the group") NOTICE OF BOARD CHANGES In accordance with paragraph 3.59 of the JSE Limited Listings Requirements, shareholders are advised that Mr Ronen Goldstein will resign as financial director of the company with effect from 31 May 2019. During the 7 years that Mr Goldstein has been with Transaction Capital, he has fulfilled the positions of group tax manager, company secretary and most recently, financial director. Mr Goldstein will remain employed by the company until 31 August 2019 to facilitate an effective handover to his successor. The board thanks Mr Goldstein for his valuable contribution to the company and wishes him well in his future endeavours. The board is pleased to inform shareholders of the appointment of Mr Sean Doherty as an executive director of the company, in the capacity as chief financial officer with effect from 1 June 2019. Mr Doherty is a Chartered Accountant (SA) having served his articles at Deloitte and Touche, holds an MBA from IE Business School (Spain) and has completed an Advanced Management Programme from Columbia Business School (USA). Mr Doherty has more than 20 years' experience in the financial services industry, most recently holding the positions of head of new business innovation and ventures, chief operating officer and chief financial officer of Standard Bank's Commercial and Investment Banking Division. The board welcomes Mr Doherty and looks forward to his contribution. Following the abovementioned changes, the board will comprise seven non-executive directors (five of whom are independent) and five executive directors. Dunkeld West 10 May 2019 Enquiries: Phillipe Welthagen - Investor Relations Telephone: +27 (0) 11 049 6700 Sponsor: RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 10/05/2019 02:59:00 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.