Capital Drilling : Completed Secondary Placing

FOR IMMEDIATE RELEASE 04 April 2019

Capital Drilling Limited

("Capital Drilling", the "Group" or the "Company")

Completed Secondary Placing

Craig Burton, a founder and former director of Capital Drilling (the "Seller") has sold, subject to completion, 10,000,000 ordinary shares in the Company (the "Placing Shares") at a price of 48 pence per share (the "Placing"). The Placing Shares represent approximately 7.3% of the Company's issued share capital.

Settlement of the Placing is expected to occur on a T+2 basis on or around 8 April 2019.

The Company will not receive any proceeds from the Placing.

The Ordinary Shares held by the Seller following completion of the Placing, amounting to 10,795,394 Ordinary Shares will be subject to a six month lock-up which is subject to certain exceptions and may otherwise only be waived with the consent of Peel Hunt LLP and Tamesis Partners LLP (the "Joint Bookrunners").

Market Abuse Regulation

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulation. Upon the publication of this announcement via a regulatory information service, this inside information is now considered to be in the public domain.

For further information, please visit Capital Drilling's website www.capdrill.com or contact:

Capital Drilling Limited	[phone]
Jamie Boyton, Executive Chairman	[e-mail]
André Koekemoer, Chief Financial Officer
Peel Hunt LLP	[phone]
Ross Allister
James Bavister
Tamesis Partners LLP	[phone]
Charlie Bendon
Richard Greenfield
Buchanan	[phone]
Bobby Morse	[e-mail]
James Husband

About Capital Drilling

Capital Drilling provides specialised drilling services to mineral exploration and mining companies in emerging and developing markets, for exploration, development and production stage projects. The Company currently owns and operates a fleet of 91 drilling rigs with established operations in Botswana, Côte d'Ivoire, Egypt, Ghana, Kenya, Mali, Mauritania and Tanzania. The Group's corporate headquarters are in Mauritius.

capdrill.com