The Capital Appreciation Limited Incorporated in the Republic of South Africa (Registration number 2014/253277 / 06) Share Code: CTA ISIN: ZAE000208245 ("CAPPREC" or “the Company”) BROAD-BASED BLACK ECONOMIC EMPOWERMENT ACT (THE ACT): ANNUAL COMPLIANCE REPORT In accordance with paragraph 16.21 (g) and Appendix 1 to Section 11 of the JSE Listing Requirements, notice is hereby given that the Company’s annual B-BBEE compliance report in terms of section 13G(2) of the Act has been published and is available on the Company’s website at https://capitalappreciation.co.za/. Sandton 17 November 2022 Sponsor: Investec Bank Limited