Dealings in securities by a director and by directors of a major subsidiary 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") DEALINGS IN SECURITIES BY A DIRECTOR AND BY DIRECTORS OF A MAJOR SUBSIDIARY Shareholders are referred to the announcement released on the Stock Exchange News Service of the JSE Limited on 30 May 2019 with regards to Share Appreciation Rights ("SARs") and Conditional Share Plan Awards ("CSPs") exercised by directors of the Company and by directors of major subsidiaries of the Company ("Participants") in terms of the Transaction Capital Limited Share Appreciation Rights Plan and the Transaction Capital Conditional Share Plan (collectively, the "Long Term Incentive Plans"). In compliance with paragraphs 3.63 to 3.65 of the JSE Limited Listings Requirements, notification is hereby given that Participants have disposed of securities held in the Company. A portion of the proceeds from the sale of securities will be utilised to settle taxes due in terms of the Long Term Incentive Plans. All disposals of Transaction Capital securities were executed by a broker on behalf of Participants. Participants were not actively involved in the sale process. A total of 245 270 Transaction Capital shares were disposed of in this process on the following terms: Date # of shares Sale price per share Value of transaction 18 June 2019 63 181 R19.50 R1 232 029 19 June 2019 182 089 R19.50 R3 550 754 Total 245 270 R19.50 R4 782 783 Each of the above disposals was executed on a pro-rata basis for each Participant. Each Participant will receive proceeds from the sale of securities at a value of R19.50 per security sold. The below table details the number of shares disposed of and proceeds received by Participants: Name of director: Mark Herskovits Transaction Capital Limited and SA Taxi Finance Name of company: Holdings Proprietary Limited, a major subsidiary of Transaction Capital Limited Date proceeds from sale notified to director: 19 June 2019 Nature of transaction and class of security: On market sale of ordinary shares Number of securities: 91 991 VWAP per share: R19.50 Lowest price per share: R19.50 Highest price per share: R19.51 Value of transaction: R1 793 831 Extent of interest: Direct, beneficial Clearance obtained: Yes Name of director: Lorenzo Cardoso Name of company: SA Taxi Finance Holdings Proprietary Limited, a major subsidiary of Transaction Capital Limited Date proceeds from sale notified to director: 19 June 2019 Nature of transaction and class of security: On market sale of ordinary shares Number of securities: 126 056 VWAP per share: R19.50 Lowest price per share: R19.50 Highest price per share: R19.51 Value of transaction: R2 458 101 Extent of interest: Direct, beneficial Clearance obtained: Yes Dunkeld West 20 June 2019 Enquiries: Phillipe Welthagen - Investor Relations Telephone: +27 (0) 11 049 6700 Sponsor: RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 20/06/2019 12:53:00 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.