Dealings in securities CARTRACK HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number 2005/036316/06) Share code: CTK ISIN: ZAE000198305 (“Cartrack”) DEALING IN SECURITIES In compliance with paragraphs 3.63 to 3.74 of the Listings Requirements of the JSE Limited (“JSE”), the following dealings are disclosed: In the interest of increasing the free float and widening the shareholder base of Cartrack, IJ Calisto and Karoo Pte. Ltd have facilitated this transaction. In their view, the shares will remain undervalued until the current liquidity challenges are resolved in a responsible manner. On 21 November 2019, Karoo Pte. Ltd (an associate of IJ Calisto with an indirect beneficial interest in Cartrack), proceeded with an off-market transfer of 1,200,000 ordinary Cartrack shares to IJ Calisto at a price of R13.44 per share amounting to R16,128,000. The rationale for the transfer/sale was in discharge of an outstanding loan between the parties. On the same day, IJ Calisto proceeded with a further transaction as set out below: Director: IJ Calisto Company: Cartrack Holdings Limited Date of transactions: 21 November 2019 Detail of transactions: Off-market disposal Nature of transaction: Direct Beneficial Class of securities: Ordinary shares Number of shares sold: 1,200,000 Price per share: R25.75 Total value of transaction: R30,900,000 Post the above transaction, IJ Calisto holds a 68% combined direct and indirect beneficial interest in Cartrack and remains fully committed to the business for the long term. The requisite clearance for the above was obtained in accordance with paragraph 3.66 of the JSE Limited Listings Requirements. Johannesburg 21 November 2019 Sponsor: The Standard Bank of South Africa Limited Date: 21/11/2019 03:15:00 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.