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 27 August 2019, 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                   1 085 971 228
Percentage of ordinary shares represented at the meeting               69.84%

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

 Resolution proposed                                                                 For           Against             Abstain*
 Ordinary resolution number 1: Acceptance of                              1 066 238 446         19 254 253              478 529
 annual financial statements                                                     98.23%              1.77%                0.03%
 Ordinary resolution number 2.1: Retirement, re-election and              1 024 488 922         19 254 253           42 228 053
 confirmation of B Bulo as a director                                            98.16%              1.84%                2.72%
 Ordinary resolution number 2.2: Retirement, re-election and              1 024 488 922         19 254 253           42 228 053
 confirmation of R Morar as a director                                           98.16%              1.84%                2.72%
 Ordinary resolution number 2.3: Retirement, re-election and              1 024 488 922         19 254 253           42 228 053
 confirmation of MI Sacks as a director                                          98.16%              1.84%                2.72%
 Ordinary resolution number 2.4: Retirement, re-election and              1 024 488 922         19 254 233           42 228 053
 confirmation of MB Shapiro as a director                                        98.16%              1.84%                2.72%
 Ordinary resolution number 3.1: Re-election of VM Sekese as              1 025 703 346         18 039 829           42 228 053
 member and Chairman of the Audit and Risk and Opportunity                       98.27%              1.73%                2.72%
 committee
 Ordinary resolution number 3.2: Re-election of B Bulo as a               1 024 488 922        19 254 253            42 228 053
 member of the Audit and Risk and Opportunity committee                          98.16%             1.84%                 2.72%
 Ordinary resolution number 3.3: Election of R Morar as a                 1 024 488 922        19 254 233            42 228 053
 member of the Audit and Risk and Opportunity committee                          98.16%             1.84%                 2.72%
 Ordinary resolution number 4: Appointment of external                    1 066 244 946        19 247 753               478 529
 auditors                                                                        98.23%             1.77%                 0.03%
 Ordinary resolution number 5: General authority to issue                 1 058 710 747        26 766 775               493 706
 shares for cash                                                                 97.53%             2.47%                 0.03%
 Ordinary resolution number 6: Non-binding advisory vote on                 670 250 247       373 472 751            42 248 230
 remuneration policy                                                             64.22%            35.78%                 2.72%
 Ordinary resolution number 7: Non-binding advisory vote on                 684 490 512       359 232 486            42 248 230
 remuneration implementation report                                              65.58%            34.42%                 2.72%
 Special resolution number 1: Approval of non-executive                   1 066 223 269        19 264 430               483 529
 directors’ fees                                                                 98.23%             1.77%                 0.03%
 Special resolution number 2: Repurchase of the Company’s                 1 053 417 514        32 075 185               478 529
 ordinary shares                                                                 97.05%             2.95%                 0.03%
 Special resolution number 3: Financial assistance to                     1 020 618 745        49 952 443            15 400 040
 subsidiaries and other related and interrelated entities                        95.33%             4.67%                 0.99%


* Abstentions are represented as a percentage of total issued ordinary shares.
** With regards to the non-binding advisory resolutions that received less than the required 75% of votes, the group will directly
engage with shareholders, the timing of which will be advised to shareholders in due course.


By order of the Board
Johannesburg
28 August 2019

Sponsor:
lnvestec Bank Limited

Date: 28/08/2019 10:00:00
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