Appointment of Lead Independent Director 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") APPOINTMENT OF LEAD INDEPENDENT DIRECTOR The King IV Report on Corporate Governance for South Africa 2016 (King IV) recommends that a lead independent director should be appointed. The lead independent director performs specific duties primarily aimed at strengthening the chair of the board of directors. These duties include inter alia overseeing the evaluation of the chair, being a sounding board for the chair, being an avenue of communication for the other directors on any issues relating to the chair, and chairing discussions and decision making where the chair has a conflict of interest. In light of the above, and in accordance with the requirements of paragraph 3.59(c) of the JSE Limited Listings Requirements, shareholders are advised that Mr Kuben Pillay, currently an independent non-executive director, has been appointed as the Lead Independent Non-Executive Director with effect from 15 July 2019. Mr Pillay has been a director of Transaction Capital since August 2016 and currently serves as the Chairman of the Remuneration Committee and as a member of the Nominations Committee and Social and Ethics Committee. Dunkeld West 19 July 2019 Enquiries: Phillipe Welthagen - Investor Relations Telephone: +27 (0) 11 049 6700 Sponsor: RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 19/07/2019 04:38:00 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.