Capitec Bank (The Wholly Owned Subsidiary of Capitec): Issuer Credit Ratings Affirmed And Outlook Revised Capitec Bank Holdings Limited Registration number 1999/025903/06 Incorporated in the Republic of South Africa Registered bank controlling company JSE ordinary share code: CPI ISIN code: ZAE000035861 JSE preference share code: CPIP ISIN code: ZAE000083838 ("Capitec") Capitec Bank Limited Registration number 1980/003695/06 Incorporated in the Republic of South Africa Registered bank Company code: BICAP Stock Code: CBL29 ISIN Code: ZAG000158874 Stock Code: CBL30 ISIN Code: ZAG000180977 (“Capitec Bank”) CAPITEC BANK (THE WHOLLY OWNED SUBSIDIARY OF CAPITEC): ISSUER CREDIT RATINGS AFFIRMED AND OUTLOOK REVISED On 20 May 2022, S&P Global Ratings (“S&P”) revised their outlook on the South African sovereign to positive from stable. S&P does not rate financial institutions in South Africa above the foreign currency sovereign ratings. Following this sovereign outlook revision, the outlook for Capitec Bank’s global scale issuer ratings were changed on 25 May 2022 to positive from stable. Capitec Bank’s global scale issuer ratings of ‘BB-/B’ were affirmed along with the South Africa national scale ratings of ‘zaAA/zaA-1+’. S&P mentions that Capitec Bank’s funding and liquidity profile compares well with the sector and forecasts that the risk adjusted capital ratio will remain strong. 27 May 2022 Stellenbosch JSE Equity and Debt Sponsor PSG Capital Date: 27-05-2022 08:50:00 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.