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
3 August 2021 (the “Prior Announcement”) regarding the implementation of a
hedging and financing transaction over 330 000 Capitec shares (the "August
2021 Transaction") by an associate of Mr M S du P le Roux, Kalander
Sekuriteit (Pty) Ltd (“Kalander”).

Shareholders are now advised that Kalander has, in order to settle and
refinance a portion of the August 2021 Transaction, (i) sold Capitec shares
out of a wholly owned group company, Kalander Finco 1 (Pty) Ltd (“Kalander
Finco”), to settle payment obligations arising out of the fact that the
Capitec share price is trading above the “Cap Price” of R2,840.24 (as set
out in the Prior Announcement) (the “Sale Transaction”), and
(ii) implemented a hedging and financing transaction (the “Hedging and
Financing Transaction”), the relevant details of which are set out below.

In relation to the Sale Transaction:

NAME OF DIRECTOR                       M S du P le Roux

NAME OF ASSOCIATE                      Kalander Finco

DIRECTOR’S RELATIONSHIP WITH           Mr Le Roux is a director of Kalander
ASSOCIATE
COMPANY OF WHICH A DIRECTOR            Capitec

STATUS: EXECUTIVE/NON-EXECUTIVE        Non-Executive Director

TYPE AND CLASS OF SECURITIES           Ordinary Shares

NUMBER OF SECURITIES TRANSACTED        28,800

PRICE PER SECURITY                     R3,306.81

TOTAL VALUE OF SECURITIES              R95,236,128.00
TRANSACTED

NATURE OF TRANSACTION                  Disposal

DATE OF TRANSACTION                    20 November 2024

TRADE                                  Off-market

NATURE AND EXTENT OF                   Indirect, non-beneficial
THE DIRECTOR’S
INTEREST IN THE TRANSACTION
In relation to the Hedging and Financing Transaction:

NAME OF DIRECTOR                       M S du P le Roux

NAME OF ASSOCIATE                      Kalander

DIRECTOR’S RELATIONSHIP WITH           Mr Le Roux is a director of Kalander
ASSOCIATE
COMPANY OF WHICH A DIRECTOR            Capitec

STATUS: EXECUTIVE/NON-EXECUTIVE        Non-Executive Director

TYPE AND CLASS OF SECURITIES           Ordinary Shares

NUMBER OF SECURITIES TRANSACTED        95,000

DEEMED VALUE OF SECURITIES             R320,815,000.00 (with reference to
TRANSACTED                             the closing price of Capitec ordinary
                                       shares on 21 November 2024)

NATURE OF TRANSACTION                  Funded Option Transaction

DATE OF TRANSACTION                    20 November 2024

PUT STRIKE PRICE                       R2,810.79

CAP STRIKE PRICE                       R4,100.44

OPTION STYLE                           European

EXPIRY DATE                            1 year on average

MAXIMUM FINANCIAL OBLIGATION           R267,025,050.00

NUMBER OF SHARES PROVIDED AS           95,000
SECURITY/COLLATERAL

TRADE                                  Off-market

NATURE AND EXTENT OF                   Indirect, non-beneficial
THE DIRECTOR’S
INTEREST IN THE TRANSACTION

The hedging counterparty shall provide Kalander with loan financing for the
duration of the Hedging and Financing Transaction. The maximum financial
obligation under that 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.

Kalander hedged a total of 95,000 shares and Kalander Finco sold 28,800 to
refinance 165,000 Capitec shares previously hedged under the August 2021
Transaction.


22 November 2024
Stellenbosch

Sponsor
PSG Capital