TRANSACTION CAPITAL LIMITED - Fulfillment of outstanding conditions precedent and completion of transaction

Fulfillment of outstanding conditions precedent and completion of transaction

Transaction Capital Limited                             TransCapital Investments Limited
(Incorporated in the Republic of South Africa)          (Incorporated in the Republic of South Africa)
Registration number: 2002/031730/06                     (Registration No. 2016/130129/06)
JSE share code: TCP                                      Bond Company code: TCII
ISIN: ZAE000167391
("Transaction Capital" or the "Company" 
or the "group")


FULFILLMENT OF OUTSTANDING CONDITIONS PRECEDENT AND COMPLETION OF THE TRANSACTION IN
WHICH TRANSACTION CAPITAL SUBSCRIBES FOR A NON-CONTROLLING 49.9% (ON A FULLY DILUTED
BASIS) OF THE ORDINARY SHARES IN WE BUY CARS PROPRIETARY LIMITED (transaction)

1. INTRODUCTION

   Shareholders are referred to the announcement released on the Stock Exchange News Service of the
   JSE Limited on 8 September 2020 advising shareholders that Transaction Capital concluded agreements
   to subscribe for a non-controlling 49.9% interest in We Buy Cars Proprietary Limited (WeBuyCars).


2. FULFILLMENT OF CONDITIONS PRECEDENT AND IMPLEMENTATION

   Transaction Capital is pleased to advise that all conditions precedent to the transaction as set out in the
   agreements, have been fulfilled or waived. Accordingly, the transaction is now unconditional and has
   been implemented.

   Hyde Park
   11 September 2020

   Transaction Capital Limited
   Investor Relations – Phillipe Welthagen +27 (0) 84 512 5393

   Sponsor
   Rand Merchant Bank (A division of FirstRand Bank Limited)

Date: 11-09-2020 09:57:00
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