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 397,809 new common shares ("Shares") to employees, pursuant to the Company's Long Term Incentive Plan ("LTIP"). The new Shares issued will rank pari passu with the Company's existing Shares.

Following the vesting of the LTIPs which were awarded in early 2023, in accordance with the LTIP's terms, the Company received notices of exercise from all the option holders. Performance conditions attaching to the awards pursuant to the LTIP for the three years ended 31 December 2025, as set out in the Company's annual report, have been met in part. LTIP awards were subject to two three-year performance targets each covering 50% of the award: a TSR compound growth condition and an adjusted EPS compound growth performance condition. TSR was achieved at 8.9% compound growth however the EPS was missed, and as a result, the awards vested at 17.1% of grant.

Pursuant to the terms of the Company's 2023 LTIP, of the 397,809 Shares issued, Directors of the Company received 93,453 Shares and other PDMRs of the Company have received a total of 25,613 Shares:

1.     61,962 Shares awarded to Jamie Phillip Boyton, Executive Chair of the Company, at an exercise price of $0.0001 per Share under the Group's LTIP; and

2.     31,491 Shares awarded to Brian Rudd, Executive Director of the Company, at an exercise price of $0.0001 per Share under the Group's LTIP.

Application has been made to the London Stock Exchange and admission of the new 397,809 Shares is expected on or around 16 March 2026, following which; the Company's issued share capital will comprise 225,701,590 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.

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

Capital Limited                                                                                                     investor@capdrill.com                      

Jamie Boyton, Executive Chair

Rick Robson, Chief Financial Officer

Conor Rowley, GM Commercial & Corporate Development

Ryan Tennis, 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

Varun Talwar

Panmure Liberum Limited                                                                                +44 20 3100 2000

Scott Mathieson

John More

FTI Consulting                                                                                                       +44 20 3727 1000

Ben Brewerton                                                                                                     capitallimited@fticonsulting.com

Nick Hennis                                                                          

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, Guinea, Kenya, Mali, Mauritania, Namibia, Pakistan, Saudi Arabia, Tanzania, United States of America and Zambia.

Notification of transactions by PDMRs