In accordance with paragraph 3.59 of the JSE Limited Listings Requirements, shareholders are advised 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 announced 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 announced 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.