MyBucks disposals undertaken pursuant to rationalisation process ECSPONENT LIMITED Incorporated in the Republic of South Africa Registration number: 1998/013215/06 JSE Code: ECS - ISIN: ZAE000179594 Debt Issuer Code: ECSD (“the Company” or “Ecsponent”) MYBUCKS DISPOSALS UNDERTAKEN PURSUANT TO RATIONALISATION PROCESS The Board has, in previous communications to shareholders, notified shareholders that MyBucks S.A. (“MyBucks”), a material investee company of Ecsponent, is undertaking a process of recapitalising and rationalising its operations, to enable it to return to profitability. As a part of the rationalisation process, MyBucks intends to dispose of non-core assets in order to focus on its core banking operations and investments and subsidiaries that operate under banking licenses. Pursuant to this strategy, shareholders are notified that MyBucks has concluded a heads of agreement with Finclusion Pte Ltd (“Finclusion”), a company associated with Timothy Nuy, the Chief Executive Officer of MyBucks, for the disposal of the interests in, and claims against, the following entities (“the Disposal”): South Africa - 100% of Get Bucks Proprietary Limited; - 100% of Getsure Proprietary Limited; - 100% of Getsure Life Limited; - 100% of Sanceda Recoveries Proprietary Limited; and - 100% of OTM Mobile Proprietary Limited. Eswatini - 100% of GetBucks (Pty) Ltd; - 100% of Ligagu Investments Ltd; and - 100% of Getsure Swaziland Ltd. Namibia - 100% of Get Bucks (Namibia) (Pty) Ltd. Kenya - 99.9% of Emu Inya Enterprises Ltd t/a GetBucks Kenya. Australia (note 1) - 24.6% of MyBucks Australia (Pty) Ltd - 24.6% of Fair Go Finance (Pty) Ltd - 24.6% of Spot Loans (Pty) Ltd - 24.6% of Microdog (Pty) Ltd - 24.6% of Spotco Holdings (Pty) Ltd Note 1: the acquisition by Finclusion of the Australian group of entities is subject to Suzerain Investments Holdings Limited (Skybound) not exercising its option granted by MyBucks over these entities prior to 31 December 2019. Tanzania - 100% of Opportunity Tanzania Ltd. (collectively, “the Disposal Assets”). MyBucks will, pursuant to the Disposal, be entitled to a deferred cash consideration of EUR11,959,456. In the event that the interest in MyBucks Australia is not acquired by Finclusion, the consideration will decrease to €9,808,521. The deferred cash consideration will accrue interest at a rate of 15% per annum, compounded monthly, for as long as it remains outstanding, payable on or before 30 June 2021. The Disposal Assets are financial services and/or credit providers operating under the MyBucks brands (GetBucks and GetSure) in the various countries of their incorporation. The Disposal is subject to customary conditions precedent, including the conclusion of definitive agreements. Pretoria 20 November 2019 Sponsor to Ecsponent Questco Corporate Advisory (Pty) Ltd Date: 20/11/2019 09:53:00 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.