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Dealing in Securities by Directors of a Major Subsidiary of the Company
Capital Appreciation Limited
Incorporated in the Republic of South Africa
(Registration number 2014/253277/06)
Share Code: CTA
ISIN: ZAE000208245
(the Company)
DEALING IN SECURITIES BY DIRECTORS OF A MAJOR SUBSIDIARY OF THE COMPANY
In compliance with the JSE Limited ('JSE') Listings Requirements, shareholders are advised of the following:
Director : Gregory Nello Vercellotti
Subsidiary Company : Dariel Solutions Proprietary Limited
Status: Executive/Non-Executive : Executive Director
Nature of transaction : Off-market acceptance of ordinary shares on the
conclusion of the profit warranty on the business
acquisition
Class of securities : Ordinary shares
Nature of interest : Direct Beneficial
Clearance obtained : Yes
Date of transaction : 25 September 2025
Number of securities : 3 115 968
Price per security : R1.80 per ordinary share
Total value of transaction : R5 608 742
Director : Malcolm Anthony Rabson
Subsidiary Company : Dariel Solutions Proprietary Limited
Status: Executive/Non-Executive : Executive Director
Nature of transaction : Off-market acceptance of ordinary shares on the
conclusion of the profit warranty on the business
acquisition
Class of securities : Ordinary shares
Nature of interest : Direct Beneficial
Clearance obtained : Yes
Date of transaction : 25 September 2025
Number of securities awarded : 3 542 554
Price per security : R1.80 per ordinary share
Total value of transaction : R6 376 597
Director : Wayne Lester Yan
Subsidiary Company : Dariel Solutions Proprietary Limited
Status: Executive/Non-Executive : Executive Director
Nature of transaction : Off-market acceptance of ordinary shares on the
conclusion of the profit warranty on the business
acquisition
Class of securities : Ordinary shares
Nature of interest : Direct Beneficial
Clearance obtained : Yes
Date of transaction : 25 September 2025
Number of securities : 960 213
Price per security : R1.80 per ordinary share
Total value of transaction : R1 728 393
Sandton
26 September 2025
Sponsor
Investec Bank Limited
Date: 26-09-2025 08:45:00
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