CAPITEC BANK HOLDINGS LIMITED - Voluntary Announcement: Disposal of a Subsidiary

Voluntary Announcement: Disposal of a Subsidiary

Capitec Bank Holdings Limited
Registration number 1999/025903/06
Incorporated in the Republic of South Africa
Registered bank controlling company
JSE share codes: CPI ISIN: 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
Company code: BICAP
("Capitec Bank")

VOLUNTARY ANNOUNCEMENT: DISPOSAL OF A SUBSIDIARY

Shareholders are advised that Capitec Bank has entered into an
agreement with Sasfin Capital (Pty) Ltd ("Sasfin"), a wholly
owned subsidiary of Sasfin Holdings Limited, for the disposal
of 100% of the issued share capital of Capitec Rental Finance
(Pty) Ltd ("CRF"), a wholly owned subsidiary of Capitec Bank.

CRF is a rental finance business established in 2011, providing
asset financing solutions for businesses across various
industries. Capitec Bank acquired CRF in 2019 as part of its
acquisition of Mercantile Bank. CRF operates a rental finance
book and has established a track record as a profitable, well-
managed business.

CRF's business does not align with Capitec's core strategic
focus. The Board believes CRF would benefit from integration
with a specialist operator. Sasfin, through its interest in
Sunlyn, is a leading rental finance operator, with decades of
sector-specific operating expertise and an existing rental
finance business. This transaction allows CRF to be integrated
with Sunlyn, a market leader that is better positioned to
maximize value from the business.

The disposal consideration is R201 million, subject to customary
adjustments upon closing of the transaction, payable in cash on
the closing date.

Concurrent with the disposal, Capitec Bank will provide a
secured credit facility of R1,6 billion to CRF, a subsidiary of
Sasfin, to fund the ongoing rental receivables book.

The transaction is subject to customary suspensive conditions
and all required regulatory approvals.

Stellenbosch
9 July 2026

Equity and Debt Sponsor: PSG Capital(Pty)Limited

Date: 09-07-2026 04:00:00
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