Appointment of Non-Executive Director

Capital Limited

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

Appointment of Non-Executive Director

Capital (LSE: CAPD), a leading mining services company, is pleased to announce the appointment of Mr Graeme Dacomb as an Independent Non-Executive Director, effective from 1 December 2024. Mr Dacomb who is based in London will join the Company's Audit Committee as Chair, in addition to becoming a member of each of the Nomination and Remuneration Committees.

Since 2019 Mr Dacomb has served as a non-executive director (and chair of audit committee) on the Board of LSE-listed Ecora Resources plc. From 2019 to 2023 he was non-executive director (and chair of audit committee) of LSE-listed Ferrexpo plc, and from 2011 to 2018 Mr Dacomb was a member of the financial reporting review panel.

Before that Mr Dacomb was a partner at Ernst and Young for 26 years where, for his last twelve years, he was a lead partner in the extractive industry, responsible for coordinating the provision of a full suite of services to multinational mining and oil and gas clients, including Xstrata, Fresnillo, and BP, across a broad range of countries including emerging markets. In addition to audit services, he provided critical advice for his clients on corporate governance structures, risk management, acquisitions, disposals and financial systems and controls. 

Mr Dacomb is considered to meet the requirements to be classified as an independent director under the UK Corporate Governance Code.

Commenting on Mr Dacomb's appointment, Executive Chairman, Jamie Boyton, said:

"We welcome Graeme to our Board as an Independent Non-Executive Director and Chair of Audit Committee. His technical skill set as well as his wealth of experience in the mining sector further strengthens our Board capabilities."

This announcement is released in compliance with UKLR 6.4.6 and there is no further information to be disclosed under the requirements of UKLR 6.4.8.

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

Capital Limited [email protected]

Peter Stokes, Chief Executive Officer

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

Burson Buchanan +44 20 7466 5000

Bobby Morse [email protected]

George Pope

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.