Capital : Publication of Prospectus and Circu

FOR IMMEDIATE RELEASE 4 December 2020

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA, THE REPUBLIC OF SOUTH AFRICA OR JAPAN OR IN OR INTO ANY OTHER JURISDICTION WHERE TO DO SO WOULD BREACH ANY APPLICABLE LAW OR REGULATION.

THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT ITSELF CONSTITUTE AN OFFER FOR SALE OR SUBSCRIPTION OF ANY SECURITIES IN THE COMPANY. THIS ANNOUNCEMENT DOES NOT CONSTITUTE OR CONTAIN ANY INVITATION, SOLICITATION, RECOMMENDATION, OFFER OR ADVICE TO ANY PERSON TO SUBSCRIBE FOR, OTHERWISE ACQUIRE OR DISPOSE OF ANY SECURITIES OF CAPITAL LIMITED IN ANY JURISDICTION WHERE TO DO SO WOULD BREACH ANY APPLICABLE LAW OR REGULATION.

Publication of Prospectus and Circular

Further to the announcements by Capital Limited ("Capital" or the "Company") on 2 December 2020 and 3 December 2020, the Company announces that a circular in relation to its entry into the Sukari Contract and the issue of the Placing Shares for its Placing (the "Circular") and a prospectus in connection with the application for Admission of the Placing Shares (the "Prospectus") have been approved by the Financial Conduct Authority and have been published.

The Circular contains a notice convening a general meeting of Capital's shareholders to be held at 2.00 p.m. Mauritius time (10.00 a.m. GMT) at THE CORE, 9th Floor, Ébène Cybercity, Mauritius on 21 December 2020 (the "General Meeting"). Copies of the Circular will be posted to shareholders (subject to certain restrictions) as soon as practicable. As the Company expects significant restrictions on personal movement to still be in place due to COVID19, it is using the provisions in Clause 21.3 of the Company's Bye-Laws to convene and hold the General Meeting as a telephone conference meeting. To join the meeting, Shareholders should use one of the dial-in numbers available in the notice of General Meeting published on the company's website at www.capdrill.com/investors/announcements

Copies of the Circular and Prospectus have been submitted to the National Storage Mechanism and will be available at https://data.fca.org.uk/#/nsm/nationalstoragemechanism, and on the Company's website at www.capdrill.com/investors.

Any capitalised terms used but not otherwise defined in this announcement have the meanings set out in the Circular and the Prospectus.

Capital Limited	[phone]
Jamie Boyton, Executive Chairman	[e-mail]
Rick Robson, Executive - Corporate Development
André Koekemoer, Chief Financial Officer
Berenberg	[phone]
Matthew Armitt
Jennifer Wyllie
Detlir Elezi

Tamesis Partners LLP	[phone]
Charlie Bendon
Richard Greenfield
Buchanan	[phone]
Bobby Morse	[e-mail]
Kelsey Traynor
James Husband

capdrill.com

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