Granting of Conditional Share Awards to Executive Directors Capital Appreciation Limited Incorporated in the Republic of South Africa (Registration number 2014/253277/06) Share code: CTA ISIN: ZAE000208245 (“the Group”) GRANTING OF CONDITIONAL SHARE AWARDS TO EXECUTIVE DIRECTORS Executive Directors have been awarded Conditional Share Awards in terms of the 2020 Capital Appreciation Conditional Share Plan. Awards are subject to performance criteria and continued employment for the three financial year period, commencing 1 April 2023 to 31 March 2026 and vesting will occur in June 2026. Name of director: Michael Reuven Pimstein Grant and acceptance date: 8 June 2023 Class of securities Ordinary shares Number of securities: 1,562,500 ordinary shares Price per security: Fair values at grant date per share using the three- day volume weighted average price of 149,8721 cents per ordinary share Total value of award: R2,341,752 Nature of award Off-market grant and acceptance of award made pursuant to the Capital Appreciation Conditional Share Plan Conditions of the award: The award is subject to performance criteria over a three financial year performance period and continued employment for the duration of a 3-year vesting period. Nature and extent of director's Direct beneficial interest: Clearance to award received: Yes Name of director: Bradley Jonathan Sacks Grant and acceptance date: 8 June 2023 Class of securities Ordinary shares Number of securities: 1,562,500 ordinary shares Price per security: Fair values at grant date per share using the three- day volume weighted average price of 149,8721 cents per ordinary share Total value of award: R2,341,752 Nature of award Off-market grant and acceptance of award made pursuant to the Capital Appreciation Conditional Share Plan Conditions of the award: The award is subject to performance criteria over a three financial year performance period and continued employment for the duration of a 3- year vesting period. Nature and extent of director's Direct beneficial interest: Clearance to award received: Yes Name of director: Alan Charles Salomon Grant and acceptance date: 8 June 2023 Class of securities Ordinary shares Number of securities: 1,562,500 ordinary shares Fair values at grant date per share using the three- Price per security: day volume weighted average price of 149,8721 cents per ordinary share Total value of award: R2,341,752 Nature of award Off-market grant and acceptance of award made pursuant to the Capital Appreciation Conditional Share Plan Conditions of the award: The award is subject to performance criteria over a three financial year performance period and continued employment for the duration of a 3-year vesting period. Nature and extent of director's Direct beneficial interest: Clearance to award received: Yes Name of director: Michael Brian Shapiro Grant and acceptance date: 8 June 2023 Class of securities Ordinary shares Number of securities: 900,000 ordinary shares Price per security: Fair values at grant date per share using the three- day volume weighted average price of 149,8721 cents per ordinary share Total value of award: R1,348,849 Nature of award Off-market grant and acceptance of award made pursuant to the Capital Appreciation Conditional Share Plan Conditions of the award: The award is subject to performance criteria over a three financial year performance period and continued employment for the duration of a 3-year vesting period. Nature and extent of director's Direct beneficial interest: Clearance to award received: Yes Johannesburg 9 June 2023 Sponsor: Investec Bank Limited Date: 09-06-2023 11:17:00 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.