Trading statement in terms of the JSE Listings Requirements: International Financial Reporting Standards results MiX TELEMATICS LIMITED (Incorporated in the Republic of South Africa) (Registration number 1995/013858/06) JSE share code: MIX ISIN: ZAE000125316 NYSE share code: MIXT LEI Code: 529900S6HHR7CK7BU646 (“MiX Telematics” or “the Company”) TRADING STATEMENT IN TERMS OF THE JSE LISTINGS REQUIREMENTS: INTERNATIONAL FINANCIAL REPORTING STANDARDS RESULTS In terms of the JSE Listings Requirements, companies are required to publish a trading statement as soon as they are satisfied that a reasonable degree of certainty exists that the financial results for the period to be reported upon next will differ by at least 20% from the financial results from the previous corresponding period. Accordingly, shareholders are advised that MiX Telematics expects basic earnings per share (“EPS”) and basic headline earnings per share (“HEPS”) for the year ended March 31, 2021 to be between 41 cents per share and 47 cents per share, being between 59% and 79% higher than the EPS of 26 cents per share and between 53% and 73% higher than the HEPS of 27 cents per share for the year ended March 31, 2020 (“prior corresponding period”). The improved EPS and HEPS performance is due to the deferred tax consequences of foreign exchange movements on intercompany loan funding as a result of the strengthening of the Rand against the U.S Dollar during the year ended March 31, 2021. These non-cash deferred tax movements and related foreign exchange gains are excluded from the Company’s calculation of adjusted earnings per share. The Company does not expect a variance of more than 20% on this performance measure for the year ended March 31, 2021. Adjusted earnings per share is defined as profit attributable to owners of the parent, MiX Telematics Limited, excluding net foreign exchange gains/(losses) net of tax and share based compensation costs related to performance share awards in terms of the MiX Telematics Long-term Incentive Plan net of tax, divided by the weighted average number of ordinary shares in issue during the period. Adjusted earnings per share provides a useful measure for period-to-period comparisons of the core business by excluding net foreign exchange gains/(losses) net of tax from earnings, as well as certain share based compensation costs. MiX Telematics’ results for the year ended March 31, 2021 will be published on Thursday, May 27, 2021. The financial information on which this trading statement is based has not been reviewed or audited by the Company’s auditors. May 24, 2021 JSE sponsor Java Capital Date: 24-05-2021 05:45:00 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.