Capital Appreciation Limited Incorporated in the Republic of South Africa (Registration number 2014/253277/06) Share Code: CTA ISIN: ZAE000208245 (the Company) DISCLOSURE OF ACQUISITION OF SECURITIES IN CAPITAL APPRECIATION LIMITED The Company has received notice from the Public Investment Corporation SOC Limited that it has acquired beneficial interest in ordinary shares in the Company such that its total beneficial interest has increased to 25.007% of the ordinary shares in issue. The Company has filed the required notice with the Takeover Regulation Panel, per section 122(3)(a) of the Companies Act, 2008. The board of directors accepts responsibility for the information contained in this announcement, and to the best of their knowledge and belief, that information is true, and this announcement does not omit anything likely to affect the importance of the information included. Sandton 3 April 2025 Sponsor Investec Bank Limited