Trading Statement Cartrack Holdings Limited (Incorporated in the Republic of South Africa) (Registration number 2005/036316/06) JSE share code: CTK ISIN: ZAE000198305 (“Cartrack” or the “Group”) Trading statement Shareholders are advised that Cartrack expects to report growth in earnings per share (“EPS”) and headline earnings per share (“HEPS”) in excess of 16% for the year ended 28 February 2018 (“FY18”). Cartrack delivered its most significant subscriber growth numbers during this year, increasing subscribers by 25% to 751 380. H2-FY18 contributed 84 958 while H1-FY18 contributed 65 812 net additions. The disparity in subscriber growth and earnings growth is largely attributable to incurred distribution costs during FY18 while revenues have not been recorded for a full annual revenue cycle. Cartrack expects the results for the year ended 28 February 2018, expressed as growth on the previous comparative period, to fall within the following ranges: 28 February 2018 28 February 2018 28 February 2017 Growth on prior period (%) Expected range (cps) cps HEPS 16 – 19 99,8 – 102,3 86,0 Basic EPS 16 - 19 99,1 – 101,6 85,4 The financial information on which this trading statement is based has not been reviewed or reported on by the Group’s external auditors. The Group’s results for the year ended 28 February 2018 are expected to be released on SENS on 24 April 2018. Johannesburg 17 April 2018 Sponsor: The Standard Bank of South Africa Limited Date: 17/04/2018 10:02:00 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.