Finalisation Of The Acquisition Of Mercantile Bank Holdings Limited And Its Subsidiaries Capitec Bank Holdings Limited Registration number 1999/025903/06 Registered bank controlling company Incorporated in the Republic of South Africa JSE ordinary share code: CPI ISIN code: ZAE000035861 JSE preference share code: CPIP ISIN code: ZAE000083838 ("Capitec" or "the company") Capitec Bank Limited Incorporated in the Republic of South Africa Registration No. 1980/003695/06 Company code: BICAP Stock Code: CBL20 ISIN Code: ZAG000102245 Stock Code: CBL22 ISIN Code: ZAG000105305 Stock Code: CBL24 ISIN Code: ZAG000130881 Stock Code: CBL26 ISIN Code: ZAG000136128 Stock Code: CBL27 ISIN Code: ZAG000143884 Stock Code: CBL28 ISIN Code: ZAG000151333 Stock Code: CBL29 ISIN Code: ZAG000158874 (“Capitec Bank” or “the bank”) FINALISATION OF THE ACQUISITION OF MERCANTILE BANK HOLDINGS LIMITED AND ITS SUBSIDIARIES (“MERCANTILE”) Shareholders are referred to the SENS announcement dated 31 October 2019 in which the purchase price for Mercantile was confirmed. The Boards of Capitec and Capitec Bank are pleased to advise that the final purchase price was paid today and the acquisition of Mercantile is therefore concluded. The acquisition of Mercantile with its focus on established small- to medium-sized enterprises and entrepreneurs fast tracks Capitec Bank’s objective to expand its focus to a broader bank strategy. Capitec Bank welcomes the Mercantile team as well as the clients of the bank to the Capitec family. We will make every effort to ensure that we continue to provide excellent services to our retail and business banking clients. We remain true to our fundamentals of simplicity, affordability, accessibility and personal service. 7 November 2019 Stellenbosch Sponsor PSG Capital Date: 07/11/2019 09:20:00 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.