Ecsponent

Ecsponent currently holds a 39.71% stake in the MyBucks group and announced its intention to take a further stake in the Frankfurt-listed entity. The details of the transaction are contained in the Circular, which was distributed to shareholders together with information about the general meeting that will be convened for ordinary shareholders to vote on the transaction on 20 November 2019 . MyBucks is a digital banking group that uses technology to provide financial services and products to consumers in several African countries. Ecsponent's investment in MyBucks investment aligns with the Company's strategy and provides Ecsponent with further geographical diversification. It not only adds significant critical mass to the business but provides access to five banking licences with further expansion opportunities for our investment products and increased exposure to hard currency assets, providing a natural rand hedge.