CAPITAL APPRECIATION LIMITED - Results of The Annual General Meeting

Results of The Annual General Meeting

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

RESULTS OF THE ANNUAL GENERAL MEETING

Shareholders are advised that at the Annual General Meeting (“AGM”) of the Company held on
31 August 2018, all resolutions proposed at the AGM were passed by the requisite
majority of shareholders. The following information is provided:

Total issued number of ordinary shares                                  1 555 000 000
Number of ordinary shares represented at the meeting                    1 158 545 694
Percentage of ordinary shares represented at the meeting                75%

Details of the results of voting at the AGM are as follows:

     Resolution proposed             For                      Against            Abstain*

     Ordinary resolution             1 157 989 104            6 500              550 090
     number 1: Acceptance of         100%                     0.00%              0.04%
     annual financial statements

     Ordinary resolution             1 131 808 607            6 500              26 730 587
     number 2.1: Retirement, re-     100%                     0.00%              1.72%
     election and confirmation of
     B Bulo as a director

     Ordinary resolution             1 131 808 607            6 500              26 730 587
     number 2.2: Retirement, re-     100%                     0.00%              1.72%
     election and confirmation of
     DK Dlamini as a director

     Ordinary resolution             1 131 808 607            6 500              26 730 587
     number 2.3: Retirement, re-     100%                     0.00%              1.72%
     election and confirmation of
     JM Kahn as a director

     Ordinary resolution             1 131 808 607            6 500              26 730 587
     number 2.4: Retirement, re-     100%                     0.00%              1.72%
     election and confirmation of
     E Kruger as a director

     Ordinary resolution             1 131 808 607            6 500              26 730 587
     number 2.5: Retirement, re-     100%                     0.00%              1.72%
     election and confirmation of
     M Mokoka as a director

     Ordinary resolution             1 131 649 178            165 929            26 730 587
     number 2.6: Retirement, re-     99.99%                   0.01%              1.72%
     election and confirmation of
     R Morar as a director

     Ordinary resolution             1 131 808 607            6 500              26 730 587
     number 2.7: Retirement, re-     100%                     0.00%              1.72%
     election and confirmation of
     E Neishlos as a director

     Ordinary resolution             1 131 808 607            6 500              26 730 587
     number 2.8: Retirement, re-     100%                     0.00%              1.72%
     election and confirmation of
     H Neishlos as a director

     Ordinary resolution             1 157 989 104            6 500              550 090
     number 2.9: Retirement, re-     100%                     0.00%              0.04%
     election and confirmation of
     MR Pimstein as a director

     Ordinary resolution             1 157 989 104            6 500               550 090
     number 2.10: Retirement,        100%                     0.00%               0.04%
     re-election and
     confirmation of
     BJ Sacks as a director

     Ordinary resolution             1 131 808 607            6 500               26 730 587
     number 2.11: Retirement,        100%                     0.00%               1.72%
     re-election and
     confirmation of
     MI Sacks as a director

     Ordinary resolution             1 157 989 104            6 500               550 090
     number 2.12: Retirement,        100%                     0.00%               0.04%
     re-election and
     confirmation of
     AC Salomon as a director

     Ordinary resolution             1 131 808 607            6 500               26 730 587
     number 2.13: Retirement,        100%                     0.00%               1.72%
     re-election and
     confirmation of
     VM Sekese as a director

     Ordinary resolution             1 131 808 607            6 500               26 730 587
     number 2.14: Retirement,        100%                     0.00%               1.72%
     re-election and
     confirmation of
     CL Valkin as a director

     Ordinary resolution             1 157 989 104            6 500               550 090
     number 3.1: Re-election of      100%                     0.00%               0.04%
     VM Sekese as member and
     Chairman of the Audit and
     risk and opportunity
     committee

     Ordinary resolution             1 157 989 104            6 500               550 090
     number 3.2: Re-election of      100%                     0.00%               0.04%
     B Bulo as member and
     Chairman of the Audit and
     risk and opportunity
     committee

     Ordinary resolution             1 157 989 104            6 500                550 090
     number 3.3: Re-election of      100%                     0.00%                0.04%
     CL Valkin as member and
     Chairman of the Audit and
     risk and opportunity
     committee

     Ordinary resolution             1 157 766 524           229 080               550 090
     number 4: Re-appointment        99.98%                  0.02%                 0.04%
     of external auditors
    
     Ordinary resolution
     number 5: General authority                              Withdrawn
     to issue shares for cash

     Special resolution number       1 131 774 607          26 220 997             550 090
     1: Approval of non-executive    97.74%                 2.26%                  0.04%
     directors’ remuneration

     Special resolution number       1 128 366 700          29 628 904             550 090
     2: Repurchase of the            97.44%                 2.56%                  0.04%
     Company’s ordinary shares

     Special resolution number       1 131 649 178          26 346 426             550 090
     3: Financial assistance to      97.72%                 2.28%                  0.04%
     subsidiaries and other
     related and interrelated
     entities


* Abstentions are represented as a percentage of total issued ordinary shares


By order of the Board
Johannesburg
3 September 2018


Sponsor:
lnvestec Bank Limited

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