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 Date: 22/06/2017 02:15:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.