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Increase in Securities Held by Directors of MiX Telematics

03/23/2016

MIDRAND, South Africa--(BUSINESS WIRE)--Following queries received from shareholders in respect of dealings announcements released between 1 April 2015 and 23 March 2016 wherein shareholders were advised of the on-market sale of the shares by directors of MiX Telematics and members of the executive committee of MiX Telematics (the “directors”), which viewed in isolation, may have caused some confusion and given an erroneous impression that directors have reduced their share ownership in the Company; MiX Telematics would like to clarify that the on-market sale of shares were undertaken in the context of the exercise of share options received by the respective directors under the MiX Telematics Group Executive Incentive Scheme. Depending on the financial circumstances of respective directors at a point in time, a portion of the share options vested is sometimes sold in order to settle the exercise price and the related tax obligations in respect of the share options.

The table below provides a summary of all dealings undertaken by the directors during the current financial year, including the share options exercised by the respective directors, the number of shares sold in order to settle the exercise price and the related tax obligations in respect of the share options, where applicable, and the number of shares that the respective directors held at the date of this announcement; and indicates that overall, these directors increased their shareholding in the Company:

                                                 
Opening       Date of       Quantity of       Quantity of       Quantity of       Net increase       Closing
shareholding purchase / shares options shares sold in shareholding
1 April 2015 exercise purchased exercised shareholding
                directly                                
Stefan Joselowitz
24 292 045       05/03/2016       -       1 500 000       -       1 500 000       25 792 045
Megan Pydigadu
33 333       01/09/2015       66 667       -       -       66 667       100 000
        23/02/2016       -       500 000       500 000       -       100 000
        04/03/2016       150 000       -       -       150 000       250 000
Charles Tasker (Keighley Trust)
2 638 320       16/09/2015       200 000       -       -       200 000       2 838 320
        09/03/2016       -       1 500 000       1 010 166       489 834       3 328 154
Richard Bruyns (IS Wealth Creator)
3 667 563       04/03/2016       29 000       -       -       29 000       3 696 563
Brendan Horan
0       03/09/2015       1 200       -       -       1 200       1 200
        04/09/2015       20 700       -       -       20 700       21 900
        09/12/2015       -       375 000       -       375 000       396 900
Catherine Lewis
1 399 500       01/03/2016       -       125 000       -       125 000       1 524 500
Gert Pretorius
0       08/03/2016       -       125 000       90 218       34 782       34 782
 

23 March 2016

                                                 

About MiX Telematics Limited

MiX Telematics is a leading global provider of fleet and mobile asset management solutions delivered as SaaS to customers in more than 120 countries. The Company’s products and services provide enterprise fleets, small fleets and consumers with solutions for safety, efficiency, risk and security. MiX Telematics was founded in 1996 and has offices in South Africa, the United Kingdom, the United States, Uganda, Brazil, Australia, Romania, Thailand 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 MiX Telematics American Depositary Shares are listed on the New York Stock Exchange (NYSE: MIXT). For more information visit www.mixtelematics.com.

Contact:

Investors:
ICR for MiX Telematics
Sheila Ennis, 855-564-9835
ir@mixtelematics.com

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