CAPITAL APPRECIATION LIMITED - Dealing in Securities by Directors of a Major Subsidiary of the Company

Dealing in Securities by Directors of a Major Subsidiary of the Company

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

DEALING IN SECURITIES BY DIRECTORS OF A MAJOR SUBSIDIARY OF THE COMPANY

In compliance with the JSE Limited ('JSE') Listings Requirements, shareholders are advised of the following:

  Director                                        :     Gregory Nello Vercellotti
  Subsidiary Company                              :     Dariel Solutions Proprietary Limited
  Status: Executive/Non-Executive                 :     Executive Director
  Nature of transaction                           :     Off-market acceptance of ordinary shares on the
                                                        conclusion of the profit warranty on the business
                                                        acquisition
  Class of securities                             :     Ordinary shares
  Nature of interest                              :     Direct Beneficial
  Clearance obtained                              :     Yes
  Date of transaction                             :     25 September 2025
  Number of securities                            :     3 115 968
  Price per security                              :     R1.80 per ordinary share
  Total value of transaction                      :     R5 608 742

  Director                                        :     Malcolm Anthony Rabson
  Subsidiary Company                              :     Dariel Solutions Proprietary Limited
  Status: Executive/Non-Executive                 :     Executive Director
  Nature of transaction                           :     Off-market acceptance of ordinary shares on the
                                                        conclusion of the profit warranty on the business
                                                        acquisition
  Class of securities                             :     Ordinary shares
  Nature of interest                              :     Direct Beneficial
  Clearance obtained                              :     Yes
  Date of transaction                             :     25 September 2025
  Number of securities awarded                    :     3 542 554
  Price per security                              :     R1.80 per ordinary share
  Total value of transaction                      :     R6 376 597

  Director                                        :     Wayne Lester Yan
  Subsidiary Company                              :     Dariel Solutions Proprietary Limited
  Status: Executive/Non-Executive                 :     Executive Director
  Nature of transaction                           :     Off-market acceptance of ordinary shares on the
                                                        conclusion of the profit warranty on the business
                                                        acquisition
  Class of securities                             :     Ordinary shares
  Nature of interest                              :     Direct Beneficial
  Clearance obtained                              :     Yes
  Date of transaction                             :     25 September 2025
  Number of securities                            :     960 213
  Price per security                              :     R1.80 per ordinary share
  Total value of transaction                      :     R1 728 393



Sandton
26 September 2025

Sponsor
Investec Bank Limited

Date: 26-09-2025 08:45:00
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