Issue of Equity and Director / PDMR shareholding

Capital Limited

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

Issue of Equity, Director / PDMR shareholding and Total Voting Rights

Capital (LSE: CAPD), a leading mining services company, today announces that it has issued a total of 465,154 new common shares ("Shares") in accordance with the terms of the Company's Short Term Incentive Plan ("STIP"). The new Shares issued will rank pari passu with the Company's existing Shares.

Pursuant to the terms of the Company's Short Term Incentive Plan from its awards in 2023, of the 465,154 Shares issued, Directors of the Company received 264,213 Shares:

1. 175,180 Shares awarded to Jamie Boyton, Executive Chair of the Company, at a price of £0.90 per Share. This represents a previously approved award with a share price value date of 18 March 2024;

2. 89,033 Shares awarded to Brian Rudd, Executive Director of the Company, at a price of £0.90 per Share. This represents a previously approved award with a share price value date of 18 March 2024.

Application has been made to the London Stock Exchange and admission of the new 465,154 Shares is expected on or around 11 April 2025, following which; the Company's issued share capital will comprise 196,722,278 Shares of $0.0001 each. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.

This announcement is made in accordance with the UK Market Abuse Regulation.

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

Capital Limited [email protected]

Jamie Boyton, Executive Chair

Rick Robson, Chief Financial Officer

Conor Rowley, Corporate Development & Investor Relations 

Tamesis Partners LLP +44 20 3882 2868

Charlie Bendon

Richard Greenfield

Stifel Nicolaus Europe Limited +44 20 7710 7600

Ashton Clanfield

Callum Stewart

Rory Blundell

FTI Consulting +44 20 3727 1000

Ben Brewerton [email protected]

Nick Hennis

Lucy Wigney

About Capital Limited

Capital Limited is a leading mining services company that provides a complete range of drilling, mining, maintenance and geochemical laboratory solutions to customers within the global minerals industry. The Company's services include exploration, delineation and production drilling; load and haul services; maintenance; and geochemical analysis. The Group's corporate headquarters are in the United Kingdom and it has established operations in Canada, Côte d'Ivoire, Democratic Republic of Congo, Egypt, Gabon, Ghana, Guinea, Kenya, Mali, Mauritania, Pakistan, Saudi Arabia, Tanzania, United States of America and Zambia.

Notification of transactions by PDMRs