Purchase Price For The Acquisition Of Mercantile Bank Holdings Limited And Its Subsidiaries Capitec Bank Holdings Limited Registration number 1999/025903/06 Registered bank controlling company Incorporated in the Republic of South Africa JSE ordinary share code: CPI ISIN code: ZAE000035861 JSE preference share code: CPIP ISIN code: ZAE000083838 ("Capitec" or "the company") Capitec Bank Limited Incorporated in the Republic of South Africa Registration No. 1980/003695/06 Company code: BICAP Stock Code: CBL20 ISIN Code: ZAG000102245 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”) PURCHASE PRICE FOR THE ACQUISITION OF MERCANTILE BANK HOLDINGS LIMITED AND ITS SUBSIDIARIES (“MERCANTILE”) Shareholders are referred to the SENS announcement dated 9 October 2019 in which it was advised that all required regulatory approvals have been received and all contractual conditions have been met for the acquisition of Mercantile. Shareholders were also advised that we would communicate the purchase price in October 2019 after a final review had been conducted of the net asset value of Mercantile. The Boards of Capitec and Capitec Bank herewith advise that Mercantile’s net asset value is R2,66 billion and the final purchase price is R3,56 billion. Mercantile’s core business offer is business banking for established small- to medium-sized enterprises and entrepreneurs and it is therefore well positioned to align with Capitec Bank’s business banking strategy. 31 October 2019 Stellenbosch Sponsor PSG Capital Date: 31/10/2019 10:55:00 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.