CAPITAL APPRECIATION LIMITED - New Board Appointment

New Board Appointment

Capital Appreciation Limited
Incorporated in the Republic of South Africa
(Registration number 2014/253277/06)
Share code: CTA
ISIN: ZAE000208245
(“CAPPREC")


                                      NEW BOARD APPOINTMENT



  In compliance with the Listings Requirements of the JSE Limited, shareholders are advised
  of the appointment of Professor Hanoch Neishlos as a Non-executive Director of CAPPREC
  with effect from 13 November 2017.

  Professor Neishlos is the Founder of African Resonance and will continue to lead the
  “payments” related activities of CAPPREC and guide its local and international strategic
  direction. Hanoch has a wealth of experience in the payment and technology sector,
  holding the title of Professor of Computer Science (Dr. Sc). Hanoch is the former ISM Chair
  and Head of Computer Science at the University of Witwatersrand, also a former South
  African representative to the International Federation for Information Processing (IFIP).

  Hanoch was the founder of SEPCO (Pty) Ltd, (sold to Datakor) and co-Founder of
  Aplitec/Net 1 (listed on the JSE and NASDAQ). Having been an integral member of the
  acquisition team that acquired Cash Paymaster Services (CPS) from FNB, Hanoch is well
  versed in the latest technologies and cutting edge applications and procedures for the
  payment, distribution and cash settlement of social grants and welfare payments.

  CAPPREC warmly welcomes Professor Neishlos to the Board and looks forward to his
  valuable contribution in the years ahead.



 Sandhurst
 13 November 2017

 Sponsor: Investec Bank Limited

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