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

Dealing in Securities by a Director 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 A DIRECTOR OF A MAJOR SUBSIDIARY OF THE COMPANY

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

Director                                        :     MB Shapiro
Subsidiary Company                              :     Synthesis Software Technologies (Pty) Ltd
Status: Executive/Non-Executive                 :     Executive Director
Nature of transaction                           :     On-market sale of shares
Class of securities                             :     Ordinary shares
Nature of interest                              :     Direct Beneficial
Clearance obtained                              :     Yes
Date of transaction                             :     a) 24 July 2025
                                                      b) 25 July 2025
                                                      c) 28 July 2025
Number of securities sold                       :     a) 670 001 shares
                                                      b) 263 643 shares
                                                      c) 58 914 shares
Sale price                                      :     a) Lowest price per share of R1.78 and highest price
                                                         per share of R1.79. Volume weighted average
                                                         price per share of R1.7815
                                                      b) Lowest price per share of R1.78 and highest price
                                                         per share of R1.79. Volume weighted average
                                                         price per share of R1.7812
                                                      c) Lowest price per share of R1.78 and highest price
                                                         per share of R1.79. Volume weighted average
                                                         price per share of R1.7831
Total value of transactions                     :     a) R1 193 602
                                                      b) R469 595
                                                      c) R105 050



Sandton
28 July 2025

Sponsor
Investec Bank Limited

Date: 28-07-2025 02:10:00
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