In accordance with paragraph 3.59 of the JSE Limited ("JSE") Listings Requirements and paragraph 6.39 of the JSE Debt Listings Requirements, shareholders and noteholders are advised of the following restructure of Transaction Capital's board committees and changes in the executive management of Transaction Capital and TransCapital Investments, effective from 1 June 2024. Furthermore, to optimise executive leadership structures and streamline operations, the roles of Chief Investment Officer and Chief Financial Officer will be consolidated into a unified executive position ultimately reporting into the Audit and Risk Committee. Mr. Sahil Samjowan will step down as Chief Financial Officer of Transaction Capital and TransCapital Investments with effect from 1 June 2024.

The board also inform shareholders and noteholders of the appointment of Mr. Mark Herskovits, who is an Executive Director of Transaction Capital and TransCapital Investments and presently the group's Chief Investment Officer, into this consolidated position as Chief Financial Officer with effect from 1 June 2024. Mr. Herskovits has been an integral part of the group since 2007, holding various significant leadership roles, most notably Chief Financial Officer from 2014 to 2016 and more recently overseeing SA Taxi's debt restructuring process.