Results of the Annual General Meeting of Capital Appreciation Limited held on 7 September 2022 Capital Appreciation Limited Incorporated in the Republic of South Africa (Registration number 2014/253277/06) Share code: CTA ISIN: ZAE000208245 (“CAPPREC" or “the Company”) RESULTS OF THE ANNUAL GENERAL MEETING OF CAPITAL APPRECIATION LIMITED HELD ON 7 SEPTEMBER 2022 Shareholders are advised that the results of the business conducted at the annual general meeting held virtually on Wednesday 7 September 2022 are as follows: Percentage Number of shares Total number of shares that can be exercised at the meeting 1 310 000 000 Total number of shares present/represented including proxies at the 71.57% 937 606 877 meeting as % of voteable shares Total number of shares present/represented including proxies at the 71.57% 937 606 877 meeting as % of issued shares Total number of members present in person 5 Issued Shares 1 310 000 000 Details of the results of voting at the annual general meeting are as follows: For % Against % Abstain % Total Votes Votes Votes* Votes Ordinary resolution number 1 - Acceptance of 936 673 549 100% 1 007 0% 932 321 0.07% 937 606 877 financial statements Ordinary resolution number 2.1 - Re-election of 909 166 366 97.1% 27 507 340 2.9% 933 171 0.07% 937 606 877 Michael (Motty) Sacks as director Ordinary resolution number 2.2 - Re-election of 936 672 699 100% 1 007 0% 933 171 0.07% 937 606 877 Bukelwa Bulo as director Ordinary resolution 934 166 191 99.7% 2 507 515 0.3% 933 171 0.07% 937 606 877 number 2.3 - Re-election of Michael Brian Shapiro as director Ordinary resolution number 2.4 - Re-election t of 875 110 375 93.4% 61 563 331 6.6% 933 171 0.07% 937 606 877 Charles Valkin as director Ordinary resolution number 3.1 - Re-election of V 936 672 699 100% 1 007 0% 933 171 0.07% 937 606 877 Sekese as member and Chairman of the audit and risk and opportunity committee Ordinary resolution number 3.2 - Re-election of B Bulo as a member 936 672 699 100% 1 007 0% 933 171 0.07% 937 606 877 of the audit and risk and opportunity committee Ordinary resolution number 3.3 - Election of KD Dlamini as a member of the audit 928 516 042 99.1% 8 158 514 0.9% 932 321 0.07% 937 606 877 and risk and opportunity committee Ordinary resolution number 4 - Reappointment of 936 673 549 100% 1 007 0% 932 321 0.7% 937 606 877 external auditors Ordinary resolution number 5 - General authority to 928 480 842 99.1% 8 258 514 0.9% 867 521 0.07% 937 606 877 issue shares for cash Ordinary resolution number 6 - Non-binding 845 794 730 90.3% 90 674 626 9.7% 1 137 521 0.09% 937 606 877 advisory vote on remuneration policy Ordinary resolution number 7 - Non-binding advisory vote on 872 863 023 93.2% 63 606 333 6.8% 1 137 521 0.09% 937 606 877 remuneration implementation report Special resolution number 1 - 928 471 842 99.1% 8 210 288 0.9% 924 747 0.07% 937 606 877 Approval of non-executive directors’ fees Special resolution number 2 - Repurchase of the 928 263 227 99.1% 8 479 769 0.9% 863 881 0.07% 937 606 877 Company’s ordinary shares Special resolution number 3 - Financial assistance to subsidiaries and 936 642 444 100% 32 112 0% 932 321 0.07% 937 606 877 other related and interrelated entities *Abstentions are represented as a percentage of total issued ordinary shares The special resolutions will to the extent necessary be filed and registered with the Companies and Intellectual Property Commission. Johannesburg 7 September 2022 Sponsor: Investec Bank Limited Date: 08-09-2022 10:10:00 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.