Dealing In Securities By An Associate Of A Director CAPITEC BANK HOLDINGS LIMITED Incorporated in the Republic of South Africa Registered bank controlling company (Registration number: 1999/025903/06) Share Code: CPI ISIN Number: ZAE000035861 DEALING IN SECURITIES BY AN ASSOCIATE OF A DIRECTOR In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the following information, relating to the dealing in securities by an associate of a director is disclosed: Shareholders are referred to the announcement released on SENS on 11 July 2017, with regards to the hedging transaction entered into by Limietberg Sekuriteit (Pty) Ltd (“Limietberg”) over a portion of Limietberg’s shareholding in Capitec Bank Holdings Limited (the “2017 Hedging Transaction”). Shareholders are now advised that Limietberg has, on 21 February 2020, early unwound and terminated a portion of the 2017 Hedging Transaction in respect of 394,737 underlying shares (the “Partial Unwind”). Limietberg elected to cash settle its obligations pursuant to the Partial Unwind and, as a consequence, no underlying shares were acquired or sold by Limietberg. No other amendments have been made to the 2017 Hedging Transaction. Shareholders are further advised that Limietberg has concluded a new hedging and financing transaction over the same quantum of shares (394,737) on the basis set out below: NAME OF DIRECTOR M S du P le Roux NAME OF ASSOCIATE Limietberg Sekuriteit (Pty) Ltd DIRECTOR’S RELATIONSHIP WITH Mr Le Roux is a director of ASSOCIATE Limietberg Sekuriteit (Pty) Ltd COMPANY OF WHICH HE IS A DIRECTOR Capitec Bank Holdings Limited STATUS: EXECUTIVE/NON-EXECUTIVE Non-Executive Director CLASS AND TYPE OF SECURITIES Ordinary shares DATE OF TRANSACTION 21 February 2020 NUMBER OF SECURITIES TRANSACTED 394,737 DEEMED VALUE OF SECURITIES R562,369,962 TRANSACTED NATURE OF TRANSACTION Collar (Long Put and Short Call) PUT STRIKE PRICE R1,139.74 CALL STRIKE PRICE R2,421.94 OPTION STYLE European EXPIRY DATE 3 years on average MAXIMUM FINANCIAL OBLIGATION R449,897,548 NUMBER OF SHARES PROVIDED AS 394,737 SECURITY/COLLATERAL TRADE Off Market NATURE AND EXTENT OF THE Indirect, non-beneficial DIRECTOR’S INTEREST IN THE TRANSACTIONS The hedging counterparty has provided Limietberg with loan financing for the duration of the collar. The maximum financial obligation under that financing arrangement, including all interest thereon, will never exceed the total number of shares hedged multiplied by the put strike. The shares hedged will therefore always be in the position to fully cover the liability under the financing arrangement. 24 February 2020 Stellenbosch Sponsor PSG Capital Date: 24-02-2020 02:10:00 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.