Capital Appreciation Limited Incorporated in the Republic of South Africa (Registration number 2014/253277/06) Share Code: CTA ISIN: ZAE000208245 (the “Company”) Dealings in securities by directors of the Company and directors of major subsidiary companies In compliance with the JSE Limited ("JSE") Listings Requirements, shareholders are advised of the following information relating to dealing in securities by directors of the Company and directors of major subsidiary companies. The vesting and sale transactions, where applicable, occurred in terms of the Capital Appreciation Conditional Share Plan. All sale transactions occurred on market following vesting and all deliveries of awards occurred off-market. Name of director : Michael Pimstein Position and Company : Executive Chairman: Capital Appreciation Limited Class of securities : Ordinary shares Nature of transactions : Automatic vesting of share plan awards Number of securities vested 3,408,911 share awards at R1,24 per share Value of vesting transaction : R4,227,050 Number of securities sold to settle : tax on the share awards 1,530,000 shares 8 February 2024: 830,000 shares at R1,24 13 February 2024: 700,000 shares at R1,24 Total value of sale transaction : R1,897,200 Nature and extent of interest : Direct beneficial Name of director : Bradley Sacks Position and Company : Chief Executive Officer: Capital Appreciation Limited Class of securities : Ordinary shares Nature of transactions : Automatic vesting of share plan awards Number of securities vested : 3,519,228 share awards at R1,24 per share Value of vesting transaction : R4,363,843 Number of securities sold to settle : tax on the share awards 1,530,000 shares 8 February 2024: 830,000 shares at R1,24 13 February 2024: 700,000 shares at R1,24 Total value of sale transaction : R1,897,200 Nature and extent of interest : Direct beneficial Name of director : Alan Salomon Position and Company : Chief Financial Officer: Capital Appreciation Limited Class of securities : Ordinary shares Nature of transactions : Automatic vesting of share plan awards Number of securities vested : 3,408,911 share awards at R1,24 per share Value of vesting transaction : R4,227,050 Number of securities sold to settle : tax on the share awards 1,530,000 shares 8 February 2024: 968,000 shares at R1,24 13 February 2024: 562,000 shares at R1,24 Total value of sale transaction : R1,897,200 Nature and extent of interest : Direct beneficial Name of director : Michael Shapiro Position and Company : Executive Director: Capital Appreciation Limited. Managing Director: Synthesis Software Technologies Proprietary Limited Class of securities : Ordinary shares Nature of transactions : Automatic vesting of share plan awards Number of securities vested : 1,388,816 share awards at R1,24 per share Value of vesting transaction : R1,722,132 Number of securities sold : 1,388,816 shares 13 February 2024: 1,388,816 shares at R1,24 Value of vesting transaction : R1,722,132 Nature and extent of interest : Direct beneficial Name of director : Steyn Basson Position and Company : Executive Director: Synthesis Software Technologies Proprietary Limited Class of securities : Ordinary shares Nature of transactions : Automatic vesting of share plan awards Number of securities vested 946,920 share awards at R1,24 per share Value of vesting transaction : R1,174,181 Number of securities sold : 946,920 shares 13 February 2024: 946,920 shares at R1,24 Total value of sale transaction : R1,174,181 Nature and extent of interest : Direct beneficial Name of director : Benjamin Powell Position and Company : Managing Director: Dashpay Proprietary Limited Class of securities : Ordinary shares Nature of transactions : Automatic vesting of share plan awards Number of securities vested 694,408 share awards at R1,24 per share Value of vesting transaction : R861,066 Number of securities sold : 694,408 shares 13 February 2024: 694,408 shares at R1,24 Total value of sale transaction : R861,066 Nature and extent of interest : Direct beneficial Name of director : Barry Kruger Position and Company : Director: African Rersonance Business Solutions Proprietary Limited Class of securities : Ordinary shares Nature of transactions : Automatic vesting of share plan awards Number of securities vested 505,023 share awards at R1,24 per share Value of vesting transaction : R626,229 Number of securities sold : 505,023 shares 13 February 2024: 505,023 shares at R1,24 Total value of sale transaction : R626,229 Nature and extent of interest : Direct beneficial All share awards were granted on 21 September 2020. Automatic vesting of all share awards took place on 6 February 2024. The necessary clearances have been obtained as required in terms of the JSE Listings Requirements for all the transactions. 14 February 2024 Sandton Sponsor: Investec Bank Limited