Capitec Bank : Results Of The Capitec General Meeting Relating To A B-BBEE Transaction Involving Employees

CAPITEC BANK HOLDINGS LIMITED Registration number: 1999/025903/06 Incorporated in the Republic of South Africa Registered bank controlling company

JSE share code: CPI ISIN: ZAE000035861

JSE preference share code: CPIP ISIN: ZAE000083838 "Capitec"

CAPITEC BANK LIMITED

Registration number 1980/003695/06

Incorporated in the Republic of South Africa

Registered bank

Company code: BICAP

Stock Code: CBL29, ISIN: ZAG000158874

Stock Code: CBL30, ISIN: ZAG000180977

RESULTS OF THE CAPITEC GENERAL MEETING HELD AT 14:00 ON TUESDAY, 22 FEBRUARY 2022 ("GENERAL MEETING") RELATING TO A BROAD-BASED BLACK ECONOMIC EMPOWERMENT ("B-BBEE") TRANSACTION INVOLVING EMPLOYEES

Shareholders are referred to the Stock Exchange News Service announcements published by Capitec on 19 January 2022, 24 January 2022 and 21 February 2022, regarding a specific issue of shares for cash to participating employees ("Specific Issue") and the convening of the General Meeting.

Shareholders are advised that all the resolutions required to give effect to the Specific Issue were approved by the requisite majority of shareholders.

In terms of the authority granted, Capitec was authorised to issue Capitec ordinary shares ("Shares") to participating employees ("Specific Issue Shares") and to provide financial assistance to the participating employees to subscribe for the Specific Issue Shares to the extent required ("Financial Assistance").

Based on the opening price of R2080.90 of the Shares on the Johannesburg Stock Exchange today, a maximum of 480 561 Specific Issue Shares will be issued.

The detailed results of the General Meeting are as follows:

		Votes
	Votes for	against
	resolution	resolution		Number of
	as a	as a		shares
	percentage	percentage		voted at	Number of
	of total	of total		the General	shares
	number of	number of	Number of	Meeting as	abstained
	shares voted	shares	shares	a	as a
Resolutions	at the	voted at	voted at	percentage	percentage
proposed at the	General	the General	the General	of shares	of shares
General Meeting	Meeting	Meeting	Meeting	in issue	in issue
Special resolution	99.94%	0.06%	95 415 741	82.52%	0.04%
number 1: Approval

of the Financial
Assistance
Ordinary		99.89%	0.11%	95	416	560	82.52%	0.04%
resolution
number 1:
Approval	of the
issue of	the
Specific	Issue
Shares

Note:

The total number of Shares in issue as at the date of the General Meeting was 115 626 991.

Stellenbosch

22 February 2022

Corporate Advisor and JSE Equity and Debt Sponsor

PSG Capital

Attorneys

Webber Wentzel

Independent Reporting Accountants

PricewaterhouseCoopers Inc.