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Director not standing for Re-Election at the next Annual General Meeting and Changes to Board Committee’s

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Published: 2023-09-07 11:55:25 ET
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                                                                 TransCapital Investments Limited
             Transaction Capital Limited
                                                          (Incorporated in the Republic of South Africa)
  (Incorporated in the Republic of South Africa)
                                                              Registration Number: 2016/130129/06
       Registration Number: 2002/031730/06
                                                                     Bond company code: TCII
                 JSE share code: TCP
                                                              LEI NUMBER: 378900AA31160C6B8195
                 ISIN: ZAE000167391
     (“Transaction Capital” or “the Company”)


DIRECTOR NOT STANDING FOR RE-ELECTION AT THE NEXT ANNUAL GENERAL
MEETING AND CHANGES TO BOARD COMMITTEE’S

In accordance with paragraph 3.59 of the JSE Limited Listings Requirements, shareholders are advised that
that Mr Kuben Pillay who is eligible to retire by rotation at Transaction Capital’s next annual general meeting
(“AGM”), has advised the Board of Directors of the Company (“Board”) that he will not be available for re-
election, and accordingly will be retiring as an independent non-executive director on 7 March 2024, at the
conclusion of the AGM. Consequently, Mr Pillay will retire as Chairman of the Remuneration Committee,
member of the Nominations Committee and member of the Social, Ethics and Sustainability Committee with
effect from 7 March 2024.

Mr Pillay was appointed to the Board in August 2016. The Board expresses its sincere appreciation to Mr
Pillay for his invaluable contribution, expansive experience and guidance over his tenure and wishes him
well with his future endeavours.

The Board is pleased to announce the appointment of Ms Sharon Wapnick as Chairman of the Remuneration
Committee with effect from 7 March 2024. Ms Wapnick has been an independent non-executive director
since March 2020, and is also a member of the Nominations Committee and the Remuneration Committee.

Furthermore, the Board is pleased to announce the appointment of Ms Albertinah Kekana as a member of
the Remuneration Committee with effect from 7 March 2024. Ms Kekana has been an independent non-
executive director since April 2021 and is a member of the Social, Ethics and Sustainability Committee.

The Board congratulates Ms Kekana and Ms Wapnick on their expanded responsibilities on the Board.

Rosebank
7 September 2023

Enquiries:
Lisa Lill – Company Secretary
Email: lisal@transactioncapital.co.za

Sponsors:
Equity Sponsor: Investec Bank Limited
Debt Sponsor: Rand Merchant Bank (A division of FirstRand Bank Limited)