Exercise of conditional share awards in terms of the Transaction Capital Conditional Share Plan 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”) EXERCISE OF CONDITIONAL SHARE AWARDS IN TERMS OF THE TRANSACTION CAPITAL CONDITIONAL SHARE PLAN In compliance with paragraphs 3.63 to 3.65 of the JSE Limited Listings Requirements, notification is hereby given that the following directors and company secretary of the company and directors of major subsidiaries of the company have exercised conditional share plan awards (“CSPs”) in terms of the Transaction Capital Conditional Share Plan. Name of director David Hurwitz Name of company Transaction Capital Limited, TCRS Holdings (Pty) Ltd, TCRS (Pty) Ltd and SA Taxi Holdings (Pty) Ltd Date transaction was effected 26 November 2019 Class of security CSPs in respect of ordinary shares Share price R21.73 Number of shares to be delivered 88 810 Total value of transaction R1 929 841 Nature of transaction Off market exercise of CSPs (and receipt of corresponding TC ordinary shares) Nature of interest Direct beneficial Clearance obtained Yes Name of director Mark Herskovits Name of company Transaction Capital Limited and SA Taxi Development Finance (Pty) Ltd Date transaction was effected 26 November 2019 Class of security CSPs in respect of ordinary shares Share price R21.73 Number of shares to be delivered 72 690 Total value of transaction R1 579 554 Nature of transaction Off market exercise of CSPs (and receipt of corresponding TC ordinary shares) Nature of interest Direct beneficial Clearance obtained Yes Name of company secretary Theresa Palos Name of company Transaction Capital Limited Date transaction was effected 26 November 2019 Class of security CSPs in respect of ordinary shares Share Price R21.73 Number of shares to be delivered 12 185 Total Value R264 780 Nature of transaction Off market exercise of CSPs (and receipt of corresponding TC ordinary shares) Nature of interest Direct beneficial Clearance obtained Yes Name of director Lorenzo Cardoso Name of company SA Taxi Holdings (Pty) Ltd and SA Taxi Development Finance (Pty) Ltd Date transaction was effected 26 November 2019 Class of security CSPs in respect of ordinary shares Share price R21.73 Number of shares to be delivered 113 384 Total value of transaction R2 463 834 Nature of transaction Off market exercise of CSPs (and receipt of corresponding TC ordinary shares) Nature of interest Direct beneficial Clearance obtained Yes Name of director David McAlpin Name of company TCRS Holdings (Pty) Ltd and TCRS (Pty) Ltd Date transaction was effected 26 November 2019 Class of security CSPs in respect of ordinary shares Share price R21.73 Number of shares to be delivered 418 740 Total value of transaction R9 099 220 Nature of transaction Off market exercise of CSPs (and receipt of corresponding TC ordinary shares) Nature of interest Direct beneficial Clearance obtained Yes Name of director Dineo Sekwele Name of company TCRS Holdings (Pty) Ltd and TCRS (Pty) Ltd Date transaction was effected 26 November 2019 Class of security CSPs in respect of ordinary shares Share price R21.73 Number of shares to be delivered 9 543 Total value of transaction R207 369 Nature of transaction Off market exercise of CSPs (and receipt of corresponding TC ordinary shares) Nature of interest Direct beneficial Clearance obtained Yes Name of company secretary Jennifer Williams Name of company TCRS Holdings (Pty) Ltd and TCRS (Pty) Ltd Date transaction was effected 26 November 2019 Class of security CSPs in respect of ordinary shares Share price R21.73 Number of shares to be delivered 3 587 Total value of transaction R77 946 Nature of transaction Off market exercise of CSPs (and receipt of corresponding TC ordinary shares) Nature of interest Direct beneficial Clearance obtained Yes Dunkeld West 27 November 2019 Enquiries: Phillipe Welthagen - Investor Relations Telephone: +27 (0) 11 049 6700 Sponsor: RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 27-11-2019 05:30:00 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.