TRP 121: Notification of Disposal and Acquisition of Beneficial Interest in Securities CARTRACK HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number 2005/036316/06) Share code: CTK ISIN: ZAE000198305 (“Cartrack” or the “company”) TRP121: NOTIFICATION OF DISPOSAL AND ACQUISITION OF BENEFICIAL INTEREST IN SECURITIES In terms of section 122 of the Companies Act 71 of 2008 (the “Companies Act”), if a company receives notification from any shareholder that has either acquired or disposed of a beneficial interest in sufficient number of shares in the company such that, as a result of the acquisition or disposal (as the case may be) the shareholder’s beneficial interest in shares moves above or below 5% or any multiple of 5% of the issued shares in the company, the acquisition or disposal (as the case may be) needs to be disclosed to shareholders. In compliance with section 122(3)(b) of the Companies Act and Regulation 121(2)(b) of the Companies Act Regulations, 2011, shareholders are advised that Cartrack has received notifications from: • One August Holdings (Pty) Ltd ("One August") of its disposal of shares in Cartrack to Karoo (Pte) Ltd ("Karoo") such that One August no longer holds any of Cartrack's issued shares; and • Karoo of its acquisition of shares in Cartrack from One August, such that Karoo now holds 68.17% of Cartrack's issued shares. The sole shareholder of Karoo is IJ Calisto. Johannesburg 19 July 2019 Sponsor The Standard Bank South Africa Limited Date: 19/07/2019 05:02:00 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.