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 ("Listings Requirements"), the following
information, relating to the dealing in securities by an
associate of a director is disclosed.

Shareholders are referred to the announcement released on SENS
on 20 December 2021 regarding the implementation of a hedging
and financing transaction over 590 000 Capitec shares (the
"Transaction") by an associate of Mr M S du P le Roux, Kalander
Sekuriteit (Pty) Ltd ("Kalander").

A portion of the Transaction in relation to 327 776 Capitec
shares (the "Affected Shares") was due to mature during the
period 1 September 2024 to 1 October 2024, a compulsory closed
period for trading in Capitec securities by Capitec directors,
imposed by the Listings Requirements in relation to financial
reporting periods ("closed period").

In order to ensure that Kalander is not required to implement a
refinancing transaction during the closed period, the terms of
the Transaction, in respect of the Affected Shares, have been
extended to maturity dates occurring after the anticipated
expiry of the closed period. The extension has resulted in no
net economic benefit to Kalander. The above-mentioned extension
of the Transaction has resulted in the following amendments to
the terms of the Transaction:

PUT STRIKE PRICE     R1,752.205 in relation to the Affected
                     Shares (amended from R1 741.95)

CALL STRIKE PRICE    R2,915.500 in relation to the Affected
                     Shares (amended from R2 845.19)

EXPIRY DATE          2.85 years on average in relation to the
                     Transaction (amended from 2.82 years)

MAXIMUM FINANCIAL    R1 031 111 709 in relation to the
OBLIGATION           Transaction

EFFECTIVE DATE       21 August 2024

Save for the above, the terms of the Transaction remains unchanged
from those detailed in the SENS announcement dated 20 December
2021.

The maximum financial obligation under the 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.


23 August 2024
Stellenbosch

Sponsor
PSG Capital

Date: 23-08-2024 04:00:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.