Capital Limited

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

Direct Investments Update

Capital (LSE: CAPD), a leading mining services company, today provides an update of its investment holding in Allied Gold. 

Allied Gold Corp Limited ("Allied Gold") has recently announced plans of a public listing in North America and the expansion of its executive team (Allied Gold release source). As per Allied Gold's release, this information only represents Allied Gold's belief of future events and therefore there is no assurance that the proposed transactions will occur.

Capital's current effective interest in Allied Gold is 1.55% (pre any potential further transactions highlighted in the Allied Gold's release), which we account for within unlisted (Level 3) investments. At the end of 2022, unlisted investments accounted for $8.3 million out of our total portfolio of $38.7 million, with Allied Gold making up the majority of the unlisted portion. 

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

Capital Limited                                                                     +230 464 3250

Jamie Boyton, Executive Chairman                                   investor@capdrill.com

Peter Stokes, Chief Executive Officer                             

Rick Robson, Chief Financial Officer

Conor Rowley, Investor Relations & Corporate Development Manager

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

Buchanan                                                                               +44 20 7466 5000

Bobby Morse                                                                        capital@buchanan.uk.com

George Pope

About Capital Limited

Capital Limited is a leading mining services company providing a complete range of drilling, mining, maintenance and geochemical laboratory solutions to customers within the global minerals industry, focusing on the African markets. 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 Mauritius and it has established operations in Côte d'Ivoire, Canada, Democratic Republic of Congo, Egypt, Guinea, Kenya, Mali, Mauritania, Nigeria, Pakistan, Saudi Arabia, Sudan and Tanzania.