Dealings in securities by a director of major subsidiaries of the company 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") DEALINGS IN SECURITIES BY A DIRECTOR OF MAJOR SUBSIDIARIES OF THE COMPANY Shareholders are referred to the announcement released on the Stock Exchange News Service of the JSE Limited on 26 June 2020 with regards to Share Appreciation Rights ("SARs") exercised by a director of major subsidiaries of the Company ("the Director") in terms of the Transaction Capital SAR Plan. In compliance with paragraphs 3.63 to 3.65 of the JSE Limited Listings Requirements, notification is hereby given that the Director has disposed of securities held in the Company. A portion of the proceeds from the sale of securities will be utilised to settle taxes due in terms of the Transaction Capital SAR Plan. All disposals of Transaction Capital securities were executed on market by a broker, with prior clearance, on behalf of the Director. The Director was not actively involved in the sale process. The below table details the number of shares disposed of and proceeds received by the Director: Name of director: David McAlpin Name of company: TCRS Holdings (Pty) Ltd and TCRS (Pty) Ltd Date proceeds from sale notified to director: 26 June 2020 Nature of transaction and class of security: On market sale of ordinary shares Number of securities: 91 235 Selling price per share: R18.20 Value of transaction: R1 660 477 Extent of interest: Direct, beneficial Clearance obtained: Yes Dunkeld West 29 June 2020 Enquiries: Phillipe Welthagen - Investor Relations Telephone: +27 (0) 11 049 6700 Sponsor: RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 29-06-2020 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.