MIX TELEMATICS LIMITED - MiX Telematics announces establishment of a Rule 10b5-1 Trading Plan by its President and CEO

2018-12-06 16:15:00

MIX 201812060053A
MiX Telematics announces establishment of a Rule 10b5-1 Trading Plan by its President and CEO

MiX TELEMATICS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1995/013858/06)
JSE share code: MIX ISIN: ZAE000125316
NYSE share code: MIXT
('MiX' or the 'company')


MIX TELEMATICS ANNOUNCES ESTABLISHMENT OF A RULE 10B5-1 TRADING PLAN BY ITS PRESIDENT AND CHIEF EXECUTIVE OFFICER


MiX Telematics (NYSE: MIXT), a leading global provider of fleet and mobile asset management solutions, today
announced that its President and Chief Executive Officer, Stefan Joselowitz, has established a pre-arranged trading
plan to sell a portion of the ordinary shares (which will be first converted into American Depositary Shares
('ADSs'), each representing 25 ordinary shares of MiX) held by Mr. Joselowitz over a specific period of time. The
trading plan is part of a long-term strategy for asset diversification and estate planning and was adopted in
accordance with Rule 10b5-1 under the Securities Exchange Act of 1934, as amended. All sales of ADSs under Mr.
Joselowitz’s trading plan are subject to volume limitations, pursuant to Rule 144, which limits the amount of ADSs
that can be sold in any three-month period.

Mr. Joselowitz currently owns the equivalent of 1,073,682 ADSs (made up of 26,342,045 ordinary shares and
20,000 ADSs) which represents 4.78% of the company’s shares in issue (excluding treasury shares). Mr. Joselowitz
is in the process of converting all of his ordinary shares into ADSs. Under the trading plan, Mr. Joselowitz may 
sell up to 350,000 ADSs (equivalent to 8,750,000 ordinary shares) over a period of between 6 and 12 months. If all 
the planned sales under the trading plan are completed, Mr. Joselowitz will still beneficially own 723,681 ADSs
(equivalent to 18,092,025 ordinary shares) which will represent 3.22% of the company’s shares in issue (excluding
treasury shares). The transactions under this plan will commence no earlier than 10 January 2019.

'I am proud of the great company we have built since I founded MiX Telematics in 1996. My stake in the company
currently represents a significant portion of my investment portfolio and I have reached a stage of life where I 
need to create some liquidity to partially diversify my investments and begin thinking about estate planning. MiX 
will continue to be the main component of my investment portfolio once this selling program is completed and I will 
still be one of the company's largest shareholders. I am very excited about the future of MiX Telematics and remain
focused on executing on our strategic priorities to generate additional value for all shareholders.'

About MiX Telematics

MiX Telematics is a leading global provider of fleet and mobile asset management solutions delivered as SaaS to
more than 714,000 subscribers in over 120 countries. The company's products and services provide enterprise fleets,
small fleets and consumers with solutions for efficiency, safety, compliance and security. MiX Telematics was
founded in 1996 and has offices in South Africa, the United Kingdom, the United States, Uganda, Brazil, Australia
and the United Arab Emirates as well as a network of more than 130 fleet partners worldwide. MiX Telematics
shares are publicly traded on the Johannesburg Stock Exchange (JSE: MIX) and on the New York Stock Exchange
(NYSE: MIXT). For more information, visit http://www.mixtelematics.com

6 December 2018


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