Acceptance of conditional shares in terms of the Transaction Capital Conditional Share Plan Transaction Capital Limited TransCapital Investments Limited (Incorporated in the Republic of South Africa) (Incorporated in the Republic of South Africa) Registration No: 2002/031730/06 (Registration No. 2016/130129/06) JSE share code: TCP JSE debt code: TCII ISIN: ZAE000167391 ("Transaction Capital" or "the Company") ACCEPTANCE OF CONDITIONAL SHARES IN TERMS OF THE TRANSACTION CAPITAL CONDITIONAL SHARE PLAN In compliance with the JSE Limited Listings Requirements ("Listings Requirements"), notification is hereby given that the following directors and company secretary of the Company have accepted a conditional right to Transaction Capital shares issued in terms of the Transaction Capital Limited Conditional Share Plan ("CSP"). CSP awards are subject to performance criteria and vest equally (i.e. 33.3% p.a.) in years 3, 4 and 5 post the awarding of same, subject to continued employment. For selected employees, a portion of the CSP awards are subject to additional super-performance criteria over the vesting periods. All CSP awards have a strike price of Rnil. Clearances in terms of the Listings Requirements were obtained in each instance. Name of director David Hurwitz Name of company Transaction Capital Limited Date transaction was effected 11 December 2020 Class of security CSP awards in respect of ordinary shares Number of CSP awards 255 192 Total value R5 366 688 Nature of transaction Off market acceptance of allocation of CSP awards Extent of interest Direct beneficial Name of director Sean Doherty Name of company Transaction Capital Limited Date transaction was effected 11 December 2020 Class of security CSP awards in respect of ordinary shares Number of CSP awards 124 823 Total value R2 625 028 Nature of transaction Off market acceptance of allocation of CSP awards Extent of interest Direct beneficial Name of director Mark Herskovits Name of company Transaction Capital Limited Date transaction was effected 11 December 2020 Class of security CSP awards in respect of ordinary shares Number of CSP awards 165 938 Total value R3 489 676 Nature of transaction Off market acceptance of allocation of CSP awards Extent of interest Direct beneficial Name of company secretary Sharon Nayger Name of company Transaction Capital Limited Date transaction was effected 11 December 2020 Class of security CSP awards in respect of ordinary shares Number of CSP awards 26 391 Total value R555 003 Nature of transaction Off market acceptance of allocation of CSP awards Extent of interest Direct beneficial Hyde Park 14 December 2020 Enquiries: Phillipe Welthagen - Investor Relations Telephone: +27 (0) 84 512 5393 Sponsor: RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 14-12-2020 05:30:00 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.