Capitec Bank : 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