General repurchase announcement MOTUS Holdings Limited Incorporated in the Republic of South Africa Registration number: 2017/451730/06 Share code: MTH ISIN: ZAE000261913 (“MOTUS”) REPURCHASE OF SHARES ON THE OPEN MARKET 1. INTRODUCTION In terms of paragraph 5.79 and 11.27 of the Listings Requirements of the JSE Limited (“JSE”), shareholders are advised that Motus has purchased 6 081 968 of its own ordinary shares in terms of the general authority granted by shareholders at the company’s annual general meeting held on 17 September 2018 of 10 098 573 shares (“the General Repurchase”), which constitutes 3% of the company’s issued share capital at the beginning of the share repurchase program. The General Repurchase was effected through the order book operated by the JSE trading system without any prior understanding or arrangement between Motus and the counter parties. No shares were repurchased during any prohibited period. 2. DETAILS OF THE REPURCHASE Dates of repurchase of securities From 30 November 2018 to 31 May 2019 Highest price paid per share R 87.6489 Lowest price paid per share R 76.1491 Average effective price paid per share R 84.8915 Number of shares repurchased 6 081 968 Value of shares repurchased R 516 307 634 The number and percentage of Shares which 4 016 605 being 2% of issued share capital may still be repurchased by the Company in terms of its general authority Total shares in issue after the share 198 680 763 repurchase* * As part of the General Repurchase, the company acquired 2 791 281 ordinary shares on behalf of the company’s share incentive schemes, which will be used to settle any obligations to such share incentive schemes and will be held in treasury until such time. During April 2019, the company delisted and cancelled 2 789 199 shares. The 198 680 763 shares reflected above assume that a further 501 488 of the shares have been delisted by the JSE. The company will make application to the JSE for the further repurchased shares to be delisted by no later 7 June 2019. After the repurchase 4 644 623 shares are held on behalf of the share incentive schemes in treasury. 3. STATEMENT BY THE DIRECTORS The directors of Motus confirm that, after considering the effect of the General Repurchase, for a period of 12 months after the date of this announcement: - Motus and its subsidiaries (“the group”) will be able in the ordinary course of business to pay its debts; - the assets of Motus will be in excess of the liabilities of Motus group; - the share capital and reserves of Motus will be adequate for ordinary business purposes; and - the working capital of the Motus group will be adequate for ordinary business purposes. 4. SOURCE OF FUNDS The General Repurchase was funded from the company’s available cash resources. 5. IMPACT OF THE GENERAL REPURCHASE ON THE FINANCIAL INFORMATION OF THE COMPANY The impact of the General Repurchase on the financial statements of the group is as follows: The net effect has been a cash outflow of R 516.3 million excluding costs. The corresponding reduction in shareholder’s equity will result in the interest earned on the cash resources being forgone in the future. Company Secretary RA Venter Bedfordview 4 June 2019 Sponsor: The Standard Bank of South Africa Limited Date: 04/06/2019 08:09:00 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.