Capital Appreciation Limited (JSE:CTA) News - Results of the Annual General Meeting of Capital Appreciation Limited held on 2 September 2021 Capital Appreciation Limited Incorporated in the Republic of South Africa (Registration number 2014/253277/06) Share code: CTA ISIN: ZAE000208245 (“CAPPREC" or “the Company”) RESULTS OF THE ANNUAL GENERAL MEETING OF CAPITAL APPRECIATION LIMITED HELD ON 2 SEPTEMBER 2021 Shareholders are advised that the results of the business conducted at the annual general meeting held virtually on Thursday, 2 September 2021 are as follows: Percentage Number of shares Total number of shares that can be exercised at the 1 310 000 000 meeting Total number of shares present/represented including 73.42% 961 784 778 proxies at the meeting as % of voteable shares Total number of shares present/represented including 73.42% 961 784 778 proxies at the meeting as % of issued shares Total number of members present in person 6 Issued Shares 1 310 000 000 Details of the results of voting at the annual general meeting are as follows: Resolution proposed For Against Abstain* Shares Voted Ordinary resolution 1 960 901 063 79 883 636 960 901 142 Acceptance of financial 100% 0.00% 0.07% (1) 73.35% statements (2) 0.07% 73.35% Ordinary resolution 960 901 063 79 883 636 960 901 142 2.1 100% 0.00% 0.07% (1) 73.35% E Kruger, be and is hereby elected as a 0.07% (2) 73.35% director Ordinary resolution 960 901 063 79 883 636 960 901 142 2.2 100% 0.00% 0.07% (1) 73.35% R Maqache, be and is (2) 0.07% 73.35% hereby elected as a director Ordinary resolution 960 901 063 79 883 636 960 901 142 2.3 100% 0.00% 0.07% (1) 73.35% B Sacks, be and is (2) 0.07% 73.35% hereby elected as a director Ordinary resolution 960 901 063 79 883 636 960 901 142 2.4 100% 0.00% 0.07% (1) 73.35% V Sekese, be and is (2) 0.07% 73.35% hereby elected as a director Ordinary resolution 960 901 063 79 883 636 960 901 142 3.1 100% 0.00% 0.07% (1) 73.35% V Sekese, be and is (2) 0.07% 73.35% hereby re-elected as a member and Chairman of the Company’s Audit and Risk and Opportunity committee Ordinary resolution 960 901 063 79 883 636 960 901 142 3.2 100% 0.00% 0.07% (1) 73.35% B Bulo, be and is hereby re-elected as a 0.07% (2) 73.35% member of the Company’s Audit and Risk and Opportunity committee Ordinary resolution 952 717 397 8 183 745 883 636 960 901 142 3.3 99.15% 0.85% 0.07% (1) 73.35% R Morar, be and is hereby re-elected as a 0.07% (2) 73.35% member of the Company’s Audit and Risk and Opportunity committee Ordinary resolution 4 960 901 063 79 883 636 960 901 142 Reappointment of 100% 0.00% 0.07% (1) 73.35% external auditors 0.07% (2) 73.35% Ordinary resolution 5 952 168 444 8 715 698 900 636 960 884 142 General authority to 99.09% 0.91% 0.07% (1) 73.35% issue shares for cash 0.07% (2) 73.35% Ordinary resolution 6 882 986 321 28 361 923 50 436 534 911 348 244 Non-binding advisory 96.89% 3.11% 3.85% (1) 69.57% vote on Remuneration 3.85% (2) 69.57% Policy Ordinary resolution 7 903 050 396 57 833 746 900 636 960 884 142 Non-binding advisory 93.98% 6.02% 0.07% (1) 73.35% vote on Remuneration 0.07% (2) 73.35% Implementation Report Special resolution 1 960 887 063 9 079 888 636 960 896 142 Non-executive directors’ 100% 0.00% 0.07% (1) 73.35% fees 0.07% 73.35% Special resolution 2 952 705 397 8 195 745 883 636 960 901 142 Repurchase of the 99.15% 0.85% 0.07% (1) 73.35% Company’s ordinary 0.07% (2) 73.35% shares Special resolution 3 960 901 063 79 883 636 960 901 142 Financial assistance to 100% 0.00% 0.07% (1) 73.35% subsidiaries and other 0.07% (2) 73.35% related and interrelated entities Special resolution 4 870 857 137 70 032 005 20 895 636 940 889 142 Approval of issue of 92.56% 7.44% 1.60% (1) 71.82% shares pursuant to the 1.60% (2) 71.82% Plan in terms of section 41(1) of the Companies Act (1) Disclosed as a percentage of the voteable shares (2) Disclosed as a percentage of the total issued capital *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 3 September 2021 Sponsor: Investec Bank Limited Date: 03-09-2021 12:16:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.