CAPITAL APPRECIATION LIMITED - Dealings in securities by a director

Dealings in securities by a director

Capital Appreciation Limited
Incorporated in the Republic of South Africa
(Registration number 2014/253277/06)
Tax number 9591281176
JSE Share Code: CTA
ISIN: ZAE000208245

DEALINGS IN SECURITIES BY A DIRECTOR

In terms of paragraphs 3.63 to 3.74 of the JSE Listings Requirements, the following information,
relating to dealings in securities by directors, is disclosed:

 Director:                             Michael Sacks
 Company:                              Capital Appreciation Limited
 Nature of the transaction:            Purchase of Ordinary shares, on market
 Date of transaction:                  22 June 2017
 Number of shares:                     2,500,000
 Share price:                          R0.80
 Value:                                R2,000,000.00
 Class of shares:                      Ordinary Shares
 Extent of interest:                   Direct Beneficial
 Written clearance obtained:           Yes


 Director:                             Michael Pimstein
 Company:                              Capital Appreciation Limited
 Nature of the transaction:            Purchase of Ordinary shares, on market
 Date of transaction:                  22 June 2017
 Number of shares:                     2,500,000
 Share price:                          R0.80
 Value:                                R2,000,000.00
 Class of shares:                      Ordinary Shares
 Extent of interest:                   Direct Beneficial
 Written clearance obtained:           Yes


 Director:                             Alan Salomon
 Company:                              Capital Appreciation Limited
 Nature of the transaction:            Purchase of Ordinary shares, on market
 Date of transaction:                  22 June 2017
 Number of shares:                     1,000,000
 Share price:                          R0.80
 Value:                                R800,000.00
 Class of shares:                      Ordinary Shares
 Extent of interest:                   Direct Beneficial
 Written clearance obtained:           Yes



22 June 2017
Johannesburg


Sponsor
Investec Bank Limited

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