Change In Statutory Auditors CARTRACK HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number 2005/036316/06) Share code: CTK ISIN: ZAE000198305 (‘Cartrack’) or (“the Group”) CHANGE IN STATUTORY AUDITORS In compliance with paragraph 3.75 of the JSE Listings Requirements (“LR”), shareholders are advised that, following careful consideration in terms of our global strategic initiatives and obtaining expert advice in this regard, the board of directors (“Board”) decided to embark on a tender process to consider the appointment of one of the four largest international auditing firms. The Audit & Risk Committee, after following the process set out in paragraph 3.84(g)(iii) of the LR, recommended the appointment of Deloitte & Touche as the Company’s external auditor with Sebastian Carter as designated partner. The Board has accordingly appointed Deloitte & Touche as auditor for the year ending 28 February 2019 as a replacement for Grant Thornton Johannesburg Partnership (now BDO South Africa Inc.). This appointment is effective immediately. Shareholders will have the opportunity to meet the auditors at Cartrack’s Annual General Meeting later this year. Johannesburg 26 February 2019 Sponsor: The Standard Bank of South Africa Limited Date: 26/02/2019 03:45:00 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.