CAPITEC BANK HOLDINGS LIMITED - Dealing In Securities By An Associate Of A Director

Dealing In Securities By An Associate Of A Director

CAPITEC BANK HOLDINGS LIMITED
Registration Number: 1999/025903/06
Incorporated in the Republic of South Africa
Registered bank controlling company
Share Code:    CPI
ISIN Number: ZAE000035861
(“Capitec”)

DEALING IN SECURITIES BY AN ASSOCIATE OF A DIRECTOR

In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements,
the following information, relating to the dealing in securities by an associate of
a director is disclosed.

Shareholders are referred to the announcements released on SENS on 11 June 2019, 1
July 2021 and 16 May 2022, with regards to the hedging and financing transaction over
a portion of a shareholding in Capitec (the “2019 Transaction”) held by Kalander
Sekuriteit (Pty) Ltd (“Kalander”).

Shareholders are now advised that Kalander has cash settled a further portion of the
2019 Transaction relating to 312 500 Capitec shares and implemented a new hedging
and re-financing transaction over the same number of Capitec shares released from
the settled portion (the “Refinancing Transaction”), the relevant details of which
are set out below:

  NAME OF DIRECTOR                         M S du P le Roux
  NAME OF ASSOCIATE                        Kalander
  DIRECTOR’S RELATIONSHIP WITH             Mr Le Roux is a director of Kalander
  ASSOCIATE
  COMPANY OF WHICH A DIRECTOR              Capitec
  STATUS: EXECUTIVE/NON-EXECUTIVE          Non-Executive Director
  TYPE AND CLASS OF SECURITIES             Ordinary Shares
  NUMBER OF SECURITIES TRANSACTED          312 500
  DEEMED VALUE OF SECURITIES TRANSACTED    R639 700 000
                                          (based on a share price of R 2 047.04)
  NATURE OF TRANSACTION                    Collar
  DATE OF TRANSACTION                      14 June 2022
  PUT STRIKE PRICE                         R1 842.34
  CALL STRIKE PRICE                        R3 275.26
  OPTION STYLE                             European
  EXPIRY DATE                              3.3 years on average
  MAXIMUM FINANCIAL OBLIGATION             R575 731 250
  NUMBER OF SHARES PROVIDED AS             312 500
  SECURITY/COLLATERAL
  TRADE                                    Off Market
  NATURE AND EXTENT OF THE DIRECTOR’S      Indirect, non-beneficial
  INTEREST IN THE TRANSACTIONS

The hedging counterparty shall provide Kalander with loan financing for the duration
of the Refinancing Transaction. The maximum financial obligation under that financing
arrangement, including all interest thereon, will never exceed the total number of
shares hedged multiplied by the put strike price. Kalander will therefore always be
in the position to fully cover the liability under the financing arrangement with
the hedged shares.

As with prior hedging and financing transactions, Kalander’s intention remains to
cash settle the Refinancing Transaction. As such, all the underlying shares will
continue to be retained by Kalander.

15 June 2022
Stellenbosch

Sponsor
PSG Capital

Date: 15-06-2022 05:15:00
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