CAPITAL APPRECIATION LIMITED - Dealing in securities by directors

Dealing in securities by directors

Capital Appreciation Limited
Incorporated in the Republic of South Africa
(Registration number 2014/253277/06)
Share code: CTA
ISIN: ZAE000208245
(“CAPPREC" or “the Company”)

DEALINGS IN SECURITIES BY DIRECTORS

In terms of paragraphs 3.63 to 3.74 of the JSE Listings Requirements, the following information, relating to dealings in
securities by directors, is disclosed:

 Director:                              Michael Sacks
 Company:                               Capital Appreciation Limited
 Nature of the transaction:             Purchase of Ordinary shares, on market
 Date of transaction:                   20 November 2019
 Number of shares:                      461,346
 Highest price per share:               R0.80
 Lowest price per share:                R0.76
 Volume weighted price per share:       R0.78
 Value:                                 R361,144.70
 Class of shares:                       Ordinary Shares
 Extent of interest:                    Direct Beneficial
 Written clearance obtained:            Yes

 Director:                              Michael Pimstein
 Company:                               Capital Appreciation Limited
 Nature of the transaction:             Purchase of Ordinary shares, on market
 Date of transaction:                   20 November 2019
 Number of shares:                      461,346
 Highest price per share:               R0.80
 Lowest price per share:                R0.76
 Volume weighted price per share:       R0.78
 Value:                                 R361,144.70
 Class of shares:                       Ordinary Shares
 Extent of interest:                    Direct Beneficial
 Written clearance obtained:            Yes

 Director:                              Alan Salomon
 Company:                               Capital Appreciation Limited
 Nature of the transaction:             Purchase of Ordinary shares, on market
 Date of transaction:                   20 November 2019
 Number of shares:                      179,424
 Highest price per share:               R0.80
 Lowest price per share:                R0.76
 Volume weighted price per share:       R0.78
 Value:                                 R140,454.74
 Class of shares:                       Ordinary Shares
 Extent of interest:                    Direct Beneficial
 Written clearance obtained:            Yes

21 November 2019
Johannesburg

Sponsor
Investec Bank Limited

Date: 21/11/2019 12:41:00
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