Changes To The Lead Independent Director And The Board Committees Of Capitec And Capitec Bank Capitec Bank Holdings Limited Registration number 1999/025903/06 Incorporated in the Republic of South Africa Registered bank controlling company Ordinary Share Code: CPI ISIN Number: ZAE000035861 Preference Share Code: CPIP ISIN Number: ZAE000083838 ("Capitec") Capitec Bank Limited Registration No. 1980/003695/06 Incorporated in the Republic of South Africa Registered bank Company code: BICAP Stock Code: CBL26 ISIN Code: ZAG000136128 Stock Code: CBL28 ISIN Code: ZAG000151333 Stock Code: CBL29 ISIN Code: ZAG000158874 (“Capitec Bank” or “the bank”) CHANGES TO THE LEAD INDEPENDENT DIRECTOR AND THE BOARD COMMITTEES OF CAPITEC AND CAPITEC BANK (“THE COMPANIES”) In accordance with paragraphs 3.59 and 6.39 of the JSE Limited Listings and Debt Listings Requirements, shareholders and noteholders are advised of the following changes to the lead independent director and the board committees of the companies. Effective 1 March 2021, Mr JD (Jock) McKenzie (lead independent director and chairman of the risk and capital management committee) will have served 9 years on the boards of the companies and will no longer be deemed to be independent. Mr V (Vusi) Mahlangu has therefore been appointed as lead independent director as from the 1st of March 2021. Changes to board committees effective 1 March 2021: RISK AND CAPITAL MANAGEMENT COMMITTEE Mr SA (Stan) du Plessis has been appointed as the chairman of the risk and capital management committee. Following his appointment, the risk and capital management committee comprises the following members: Stan du Plessis (chairman), AP (André) du Plessis, Vusi Mahlangu, Jock McKenzie, PJ (Piet) Mouton, CA (Chris) Otto and JP (Jean Pierre) Verster. Jock remains a member of the committee until his retirement on 28 May 2021. AUDIT COMMITTEE Stan du Plessis will replace Jock McKenzie as a member of the audit committee. Following his appointment, the audit committee comprises the following members: Jean Pierre Verster (chairman), Stan du Plessis, TE (Emma) Mashilwane, and CH (Cora) Fernandez. HUMAN RESOURCES AND REMUNERATION COMMITTEE Vusi Mahlangu will replace Jock McKenzie as a member of the human resources and remuneration committee when Jock retires from the boards of the companies on 28 May 2021. Following his appointment, the human resources and remuneration committee will comprise the following members: DP (Danie) Meintjes (chairman), SL (Santie) Botha, Vusi Mahlangu and Chris Otto. 22 February 2021 Stellenbosch Sponsor: PSG Capital Date: 22-02-2021 04:00:00 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.