TRANSACTION CAPITAL LIMITED - Exercise of share appreciation rights in terms of the Transaction Capital Share Appreciation Rights Plan

Exercise of share appreciation rights in terms of the Transaction Capital Share Appreciation Rights Plan

Transaction Capital Limited                          TransCapital Investments Limited
(Incorporated in the Republic of South Africa)       (Incorporated in the Republic of South Africa)
Registration number: 2002/031730/06                  (Registration No. 2016/130129/06) 
JSE share code: TCP                                  JSE debt code: TCII
ISIN: ZAE000167391
("Transaction Capital" or "the Company")

EXERCISE OF SHARE APPRECIATION RIGHTS IN TERMS OF THE TRANSACTION CAPITAL SHARE APPRECIATION RIGHTS 
PLAN

In compliance with paragraphs 3.63 to 3.65 of the JSE Limited Listings Requirements, notification is
hereby given that the following director of major subsidiaries of the Company has exercised share
appreciation rights (“SARs”) in terms of the Transaction Capital Share Appreciation Rights Plan.

Name of director                              Lorenzo Cardoso
Name of company                               SA Taxi Holdings (Pty) Ltd and SA Taxi Development
                                              Finance (Pty) Ltd
Date transaction was effected                 3 December 2019
Class of security                             SARs in respect of ordinary shares
Share price                                   R21.53
Number of shares to be delivered              78 410
Total value of transaction                    R1 688 167
Nature of transaction                         Off market exercise of SARs (and receipt of
                                              corresponding Transaction Capital ordinary shares)
Nature of interest                            Direct beneficial
Clearance obtained                            Yes

Dunkeld West
4 December 2019

Enquiries:
Phillipe Welthagen - Investor Relations
Telephone: +27 (0) 11 049 6700

Sponsor:
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 04-12-2019 05:30:00
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