MIX TELEMATICS LIMITED - Notice of conclusion of credit agreement and notice in terms of section 45(5)(a) of the Companies Act 71 of 2008

Notice of conclusion of credit agreement and notice in terms of section 45(5)(a) of the Companies Act 71 of 2008

MiX TELEMATICS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1995/013858/06)
JSE share code: MIX
NYSE share code: MIXT
ISIN: ZAE000125316
LEI Code: 529900S6HHR7CK7BU646
("MiX Telematics" or "the company")


NOTICE OF CONCLUSION OF CREDIT AGREEMENT AND NOTICE IN TERMS OF SECTION 45(5)(a) OF THE COMPANIES ACT 71 OF 2008


Shareholders are advised that MiX Telematics has entered into a Facility Notice and Standard Terms and
Conditions (collectively, the "Credit Agreement") with Investec Bank Limited as lender. The Credit
Agreement provides for a 364 days renewable committed general credit facility of R350 million ($21 million
at a USD/ZAR exchange rate of $1:ZAR 16.4486) and an uncommitted general credit facility of $10 million.

Notification of the conclusion of the Credit Agreement, together with the full text of the Credit Agreement
has been filed with the Securities and Exchange Commission ("SEC") and is available on the SEC Edgar
website: www.sec.gov.

Shareholders are further advised that in terms of the provisions of section 45(5)(a) of the Companies Act 71 of
2008 ("the Act") and pursuant to the special resolution passed at the annual general meeting of the company held
on September 9, 2021 authorising the board of directors ("the Board") to provide direct or indirect financial
assistance to related and inter-related parties, notification is hereby given by MiX Telematics that the Board has
adopted a resolution in terms of section 45(3)(b) of the Act authorising the company to grant a loan facility to its
subsidiaries, up to an amount of ZAR350 million, to facilitate the subsidiaries' general treasury commitments. The
granting of the loan constitutes financial assistance in terms of section 45 of the Act, which financial assistance in
terms of section 45 of the act, which financial assistance exceeds one tenth of one percent of the company's net
worth.

In accordance with section 45 of the Act, the Board is satisfied and acknowledges that:

(i)     immediately after providing such financial assistance, MiX Telematics would have satisfied the solvency
        and liquidity test as provided for in section 4 of the Act, and

(ii)    the terms under which such financial assistance has been given are fair and reasonable to MiX Telematics.


July 7, 2022


Sponsor
Java Capital

Date: 07-07-2022 05:00:00
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