Transaction Capital Limited                                        TransCapital Investments Limited
  (Incorporated in the Republic of South Africa)                     (Incorporated in the Republic of South Africa)
  Registration number: 2002/031730/06                                Registration number: 2016/130129/06
  JSE share code: TCP                                                Bond company code: TCII
  ISIN: ZAE000167391
  (“Transaction Capital” or “the group”)



 TRADING STATEMENT IN RESPECT OF THE FULL YEAR ENDED 30 SEPTEMBER 2022

 In accordance with section 3.4(b) of the Listings Requirements of the JSE Limited, Transaction Capital advises
 shareholders that basic earnings, basic earnings per share (EPS), headline earnings and headline earnings per
 share (HEPS) are expected to be within the following ranges for the full year ended 30 September 2022:

                                                          Full year ended             Full year ended             Full year ended
                                                      30 September 2022           30 September 2022           30 September 2021
                                                                 Expected                    Expected                       Actual
                                                           number range             percentage range                     reported
  Continuing earnings1
  Core earnings2                                   R1 226m to R1 276m                       22% to 27%                    R1 005m
  Core EPS2                                   169.7 cents to 176.7 cents                    15% to 19%                  147.9 cents
  Headline earnings3                               R1 601m to R1 651m                       60% to 65%                      R999m
  HEPS                                        221.6 cents to 228.5 cents                    51% to 55%                  147.0 cents
  Basic earnings                                   R1 630m to R1 745m                     -29% to -24%                    R2 302m
  Basic EPS                                   225.6 cents to 241.7 cents                  -33% to -29%                  338.7 cents

  Total earnings
  Core earnings2                                   R1 193m to R1 243m                       20% to 25%                      R995m
  Core EPS2                                   165.2 cents to 172.0 cents                    13% to 17%                  146.4 cents
  Headline earnings3                               R1 568m to R1 618m                       59% to 64%                      R989m
  HEPS                                        217.1 cents to 223.9 cents                    49% to 54%                  145.5 cents
  Basic earnings                                   R1 597m to R1 712m                     -30% to -25%                    R2 290m
  Basic EPS                                   221.1 cents to 236.9 cents                  -34% to -30%                  336.9 cents
 1.   Earnings from continuing operations exclude results from discontinued operations.
 2.   It is management’s view that the most appropriate metric to measure performance for the full year ended 30 September
      2022 (“FY2022”) is Core EPS from continuing operations. Core earnings exclude adjustments on put and call options over non-
      controlling interests, acquisition costs as well as specified items if the gain/loss is considered part of Transaction Capital’s
      normal operations. FY2022 core earnings exclude adjustments on put and call options of R470 million, once off transaction
      costs of R16 million and specified items of R79 million.
 3.   Headline earnings is calculated as basic earnings in terms of IAS33-Earnings Per Share less all re-measurements as defined in
      the SAICA Revised IFRS Circular 1/2021-Headline Earnings. FY2021 basic earnings included a non-recurring fair value gain of
      R1 403 million on the previously held minority interest in WeBuyCars. FY2022 basic earnings include adjustments relating to
      put and call options over non-controlling interests of R470 million as well as 12 months performance consolidated for
      WeBuyCars (FY2021: 2 months).


In FY2022, Transaction Capital extended its track record of organic earnings growth. Our divisions have put
the building blocks in place to materially enhance their competitive value propositions, diversify their
revenues and expand their total addressable market. Based on this strategic repositioning, our current

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assessment of operating conditions and our growth prospects, we expect Transaction Capital’s organic
earnings growth over the medium-term to be at least in line with historic growth rates.

RESULTS ANNOUNCEMENT

Transaction Capital’s results for the full year ended 30 September 2022 will be released on SENS on Tuesday,
15 November 2022.

Shareholders are advised that the information contained in this announcement has not been reviewed or
reported on by the group’s auditors.

Rosebank
10 November 2022

Enquiries:
Nomonde Xulu - Investor Relations
Email: nomondex@transactioncapital.co.za

JSE sponsor and equity markets broker: Investec Bank Limited
JSE debt sponsor: Rand Merchant Bank (A division of FirstRand Bank Limited)




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