Granting of Conditional Share Awards to Executive Directors of the Company and Major Subsidiaries Capital Appreciation Limited Incorporated in the Republic of South Africa (Registration number 2014/253277/06) Share code: CTA ISIN: ZAE000208245 ("the Company") GRANTING OF CONDITIONAL SHARE AWARDS TO EXECUTIVE DIRECTORS OF THE COMPANY, AND EXECUTIVE DIRECTORS OF MAJOR SUBSIDIARIES Unless the context indicates otherwise, capitalised (defined) terms used in this announcement have the meanings given to them in the Plan (as defined below). Executive Directors have been awarded a Conditional Share Award (the "Award") in terms of the rules of the 2020 Capital Appreciation Conditional Share Plan (the "Plan"). The Awards are subject to: (i) the achievement by the Executive Directors of certain performance conditions; (ii) continued employment by the Executive Directors with the Company for the three financial year periods commencing 1 April 2024 to 31 March 2027, respectively; and (iii) the Company meeting the solvency and liquidity settlement condition as set out in the Plan. The Awards will vest on 14 June 2027. The Awards may only be settled by market purchase of ordinary shares in terms of clause 5.3.1 of the Plan. Name of Executive Director: Michael Reuven Pimstein Company Capital Appreciation Limited Grant and acceptance date: 14 June 2024 Class of securities Ordinary shares Number of securities: 1,322,314 ordinary shares Price per security: Fair values at grant date per ordinary share using the three-day volume weighted average price of R1.21 per ordinary share Total value of award: R1,600,000 Nature of award: Off-market grant and acceptance of Award made pursuant to the Plan Nature and extent of director's Direct beneficial interest: Clearance to award received: Yes Name of Executive Director: Bradley Jonathan Sacks Company Capital Appreciation Limited Grant and acceptance date: 14 June 2024 Class of securities Ordinary shares Number of securities: 1,322,314 ordinary shares Price per security: Fair values at grant date per ordinary share using the three-day volume weighted average price of R1.21 per ordinary share Total value of award: R1,600,000 Nature of award: Off-market grant and acceptance of Award made pursuant to the Plan Nature and extent of director's Direct beneficial interest: Clearance to award received: Yes Name of Executive Director: Alan Charles Salomon Company Capital Appreciation Limited Grant and acceptance date: 14 June 2024 Class of securities Ordinary shares Number of securities: 1,322,314 ordinary shares Price per security: Fair values at grant date per ordinary share using the three-day volume weighted average price of R1.21 per ordinary share Total value of award: R1,600,000 Nature of award: Off-market grant and acceptance of Award made pursuant to the Plan Nature and extent of director's Direct beneficial interest: Clearance to award received: Yes Name of Executive Director: Michael Brain Shapiro Company Capital Appreciation Limited Grant and acceptance date: 14 June 2024 Class of securities Ordinary shares Number of securities: 743,802 ordinary shares Price per security: Fair values at grant date per ordinary share using the three-day volume weighted average price of R1.21 per ordinary share Total value of award: R900,000 Nature of award: Off-market grant and acceptance of Award made pursuant to the Plan Nature and extent of director's Direct beneficial interest: Clearance to award received: Yes Name of Executive Director: Donn Engelbrecht Company African Resonance Business Solutions Proprietary Limited Grant and acceptance date: 14 June 2024 Class of securities Ordinary shares Number of securities: 826,446 ordinary shares Price per security: Fair values at grant date per ordinary share using the three-day volume weighted average price of R1.21 per ordinary share Total value of award: R1,000,000 Nature of award: Off-market grant and acceptance of Award made pursuant to the Plan Nature and extent of director's Direct beneficial interest: Clearance to award received: Yes Name of Executive Director: Benjamin Powell Company Dashpay Proprietary Limited Grant and acceptance date: 14 June 2024 Class of securities Ordinary shares Number of securities: 413,223 ordinary shares Price per security: Fair values at grant date per ordinary share using the three-day volume weighted average price of R1.21 per ordinary share Total value of award: R500,000 Nature of award: Off-market grant and acceptance of Award made pursuant to the Plan Nature and extent of director's Direct beneficial interest: Clearance to award received: Yes Name of Executive Director: Steyn Basson Company Synthesis Software Technologies Proprietary Limited Grant and acceptance date: 14 June 2024 Class of securities Ordinary shares Number of securities: 743,802 ordinary shares Price per security: Fair values at grant date per ordinary share using the three-day volume weighted average price of R1.21 per ordinary share Total value of award: R900,000 Nature of award: Off-market grant and acceptance of Award made pursuant to the Plan Nature and extent of director's Direct beneficial interest: Clearance to award received: Yes Name of Executive Director: Barry Kruger Company African Resonance Business Solutions Proprietary Limited Grant and acceptance date: 14 June 2024 Class of securities Ordinary shares Number of securities: 413,223 ordinary shares Price per security: Fair values at grant date per ordinary share using the three-day volume weighted average price of R1.21 per ordinary share Total value of award: R500,000 Nature of award: Off-market grant and acceptance of Award made pursuant to the Plan Nature and extent of director's Direct beneficial interest: Clearance to award received: Yes Johannesburg 20 June 2024 Sponsor: Investec Bank Limited Date: 20-06-2024 11:20:00 Produced by the JSE SENS Department. 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