CAPITEC BANK HOLDINGS LIMITED - Acquisition Of Mercantile Bank Holdings Limited And Its Subsidiaries

Acquisition Of Mercantile Bank Holdings Limited And Its Subsidiaries

Capitec Bank Holdings Limited
Registration number 1999/025903/06
Registered bank controlling company
Incorporated in the Republic of South Africa
JSE ordinary share code: CPI ISIN code: ZAE000035861
JSE preference share code: CPIP ISIN code: ZAE000083838
("Capitec" or "the company")

Capitec Bank Limited
Incorporated in the Republic of South Africa
Registration No. 1980/003695/06
Company code: BICAP
Stock Code: CBL20
ISIN Code: ZAG000102245
Stock Code: CBL22
ISIN Code: ZAG000105305
Stock Code: CBL24
ISIN Code: ZAG000130881
Stock Code: CBL26
ISIN Code: ZAG000136128
Stock Code: CBL27
ISIN Code: ZAG000143884
Stock Code: CBL28
ISIN Code: ZAG000151333
Stock Code: CBL29
ISIN Code: ZAG000158874
(“Capitec Bank” or “the bank”)

ACQUISITION OF MERCANTILE BANK HOLDINGS LIMITED AND ITS
SUBSIDIARIES (“MERCANTILE”)

Shareholders are referred to the SENS announcements dated 18
June 2018 regarding Capitec Bank’s offer to purchase
Mercantile and announcement dated 22 November 2018 that the
offer had been accepted. The offer to purchase Mercantile was
subject to the requisite regulatory approvals being received.

The Boards of Capitec and Capitec Bank are pleased to advise
that all the required regulatory approvals have been received
and all contractual conditions have been met. The purchase
price, to be determined and payable by 6 November 2019, will
amount to R3.2 billion, adjusted for the change in the net
asset value of Mercantile from 30 April 2018 to 31 August
2019. We will communicate the purchase price during October
2019 after a final review has been conducted of the net asset
value. The take-on balances and purchase price allocation will
be finalised in December 2019 and communicated thereafter.

9 October 2019
Stellenbosch
Sponsor PSG Capital

Date: 09/10/2019 04:10:00
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