Capital Appreciation Limited Incorporated in the Republic of South Africa (Registration number 2014/253277/06) Share Code: CTA ISIN: ZAE000208245 DEALING IN SECURITIES BY A DIRECTOR In compliance with the JSE Limited Listings Requirements, the following information is disclosed: Director : MB Shapiro Company : Capital Appreciation Limited Status: Executive/Non-Executive : Executive Director Nature of transaction : Sale of shares on open market Class of securities : Ordinary shares Nature of interest : Direct beneficial Clearance obtained : Yes Date of transaction : 31 July 2023 Number of securities 46 889 Value of transaction : R67 886.16 Lowest price : R1.47 Highest price : R1.48 Volume weighted average price : R1.44781 Date of transaction 1 August 2023 Number of securities : 751 193 Value of transaction : R1 087 651.47 Lowest price : R1.46 Highest price : R1.47 Volume weighted average price : R1.44790 Date of transaction : 2 August 2023 Number of securities : 801 918 Value of transaction : R1 181 004.43 Lowest price : R1.46 Highest price : R1.54 Volume weighted average price : R1.47272 Sandton 4 August 2023 Sponsor Investec Bank Limited