Appointment of an Independent Non-Executive Director Capitec Bank Holdings Limited Registration number 1999/025903/06 Incorporated in the Republic of South Africa Registered bank controlling company Ordinary Share Code: CPI ISIN Number: ZAE000035861 Preference Share Code: CPIP ISIN Number: ZAE000083838 ("Capitec") Capitec Bank Limited Incorporated in the Republic of South Africa Registration No. 1980/003695/06 Company code: BICAP 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”) APPOINTMENT OF AN INDEPENDENT NON-EXECUTIVE DIRECTOR The boards of Capitec and Capitec Bank (“the boards”) are pleased to advise that Ms Thetele Emmarancia (Emma) Mashilwane has agreed to join the boards of Capitec and Capitec Bank effective 6 March 2020. Ms Mashilwane’s appointment as an independent non-executive director will strengthen the independent element of the boards and support the continuous drive to augment board acumen. Ms Mashilwane is currently CEO of Masa Risk Advisory Services which she founded independently. Previous positions include Chief Financial Officer at Carl Zeiss Optronics, Head of Internal Audit at Nkonki Incorporated, Senior Manager at KPMG and Chief Financial Officer at Masana Technologies. She serves on the boards of Tiger Brands Limited, Famous Brands Limited and Murray and Roberts Holdings Limited. 15 January 2020 Stellenbosch Sponsor: PSG Capital Date: 15-01-2020 09:40:00 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.