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


RESULTS OF THE ANNUAL GENERAL MEETING OF CAPITAL APPRECIATION LIMITED
HELD ON 6 SEPTEMBER 2023

Shareholders are advised that the results of the business conducted at the Annual General Meeting held
virtually on Wednesday 6 September 2023 are as follows:

                                                                            Percentage       Number of shares

 Total number of shares that can be exercised at the meeting                                    1 310 000 000

 Total number of shares present/represented including proxies at the           75.31%             986 531 541
 meeting as % of voteable shares
 Total number of shares present/represented including proxies at the           75.31%             986 531 541
 meeting as % of issued shares

 Total number of members present in person                                                                 4

 Issued Shares                                                                                  1 310 000 000




Details of the results of voting at the annual general meeting are as follows:
                                 For                  Against               Abstain                     Total
                                          %                            %                 %
                              Votes                      Votes               Votes*                    Votes
 Ordinary resolution
 number 1 -
                        985 409 712     100%               100     0%      1 121 729   0.09%      985 409 812
 Acceptance of
 financial statements
 Ordinary resolution
 number 2.1 -
                        980 626 453    99.51%        4 783 359    0.49%    1 121 729   0.09%      985 409 812
 Re‑election of MR
 Pimstein as director
 Ordinary resolution
 number 2.2 -
                        985 409 712     100%               100     0%      1 121 729   0.09%      985 409 812
 Re‑election of KD
 Dlamini as director
 Ordinary resolution
 number 2.3 -
                        984 977 062    99.96%          432 750    0.04%    1 121 729   0.09%      985 409 812
 Re‑election of AC
 Salomon as director
Ordinary resolution
number 3.1 -
Re‑election of V
Sekese as member
                        985 409 712   100%           100     0%     1 121 729   0.09%   985 409 812
and Chairman of
the audit and risk
and opportunity
committee
Ordinary resolution
number 3.2 -
Re‑election of B
Bulo as a member        985 409 712   100%           100     0%     1 121 729   0.09%   985 409 812
of the audit and risk
and opportunity
committee
Ordinary resolution
number 3.3 -
Election of KD
Dlamini as a
                        951 522 807   96.56%   33 887 005   3.44%   1 121 729   0.09%   985 409 812
member of the audit
and risk and
opportunity
committee
Ordinary resolution
number 4 -
                        985 409 712   100%           100     0%     1 121 729   0.9%    985 409 812
Reappointment of
external auditors
Ordinary resolution
number 5 -
General authority to    898 510 740   91.18%   86 892 372   8.82%   1 128 429   0.09%   985 403 112
issue shares for
cash
Ordinary resolution
number 6 -
Non‑binding             916 725 236   93.04%   68 527 876   6.96%   1 278 429   0.09%   985 253 112
advisory vote on
remuneration policy
Ordinary resolution
number 7 -
Non‑binding
advisory vote on        917 701 636   93.14%   67 551 476   6.86%   1 278 429   0.10%   985 253 112
remuneration
implementation
report
Special resolution
number 1 -
Approval of             980 436 938   99.51%    4 816 174   0.49%   1 278 429   0.10%   985 253 112
non‑executive
directors’ fees
Special resolution
number 2 -
Repurchase of the       928 393 866   94.21%   57 097 946   5.79%   1 039 729   0.08%   985 491 812
Company’s ordinary
shares
Special resolution
                        951 511 992   96.56%   33 897 820   3.44%   1 121 729   0.09%   985 409 812
number 3 -




                                                                                                  2
 Financial assistance
 to subsidiaries and
 other related and
 interrelated entities


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

The special resolutions will to the extent necessary be filed and registered with the Companies and
Intellectual Property Commission.

Johannesburg
7 September 2023

Sponsor: Investec Bank Limited




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