CAPD Capital Limited

TIDMCAPD

RNS Number : 4536T

Capital Limited

15 November 2023

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 Ms Anu Dhir as an Independent Non-Executive Director, effective today, 15 November 2023. Ms Dhir, who is based in Toronto, Canada, will join the Company's Audit, Nomination, and Sustainability Committees as a member of each.

Ms Dhir currently serves as a non-executive director on the Board of TSX-listed Montage Gold Corp. and TSX/NYSE-listed Taseko Mines Limited. Over the last decade, Ms Dhir's board positions have included Lead Non-Executive Director for Lomiko Metals Inc., Non-Executive Director of Golden Star Resources Ltd, in addition to other Canadian listed companies.

Ms Dhir has over 20 years' experience in the resources sector, most recently, as a co-founder and executive of ZinQ Mining, a private base and precious metals company which focuses on the Latin American Region. Prior to ZinQ Mining, Ms Dhir was Vice President, Corporate Development and Corporate Secretary at Katanga Mining Limited. Ms Dhir is co-founder of Wshingwell, a for-profit community relationship platform that allows individuals, communities and organizations to micro-fundraise around experiences and events.

Ms Dhir is a graduate of the General Management Program (GMP) at Harvard Business School and has a law degree (Juris Doctor) from Quinnipiac University and a Bachelor of Arts (BA) from the University of Toronto.

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

After the Company's Annual General Meeting on 18 May 2023, the Company carried out a consultation with shareholders in accordance with Provision 4 of the 2018 UK Corporate Governance Code. Engagement with shareholders confirmed concerns had been addressed by taking Mr Davidson off each of the governance Committees in order to re-establish Committee composition being solely independent. We thank Mr Davidson for his committed service on those Committees. With the addition of Ms Dhir serving on each of the Audit, Nomination and Sustainability Committees going forward, Ms Dhir's independence and skill set will enhance and strengthen each Committee's capabilities.

Commenting on Ms Dhir's appointment, Executive Chairman, Jamie Boyton, said:

"We welcome Anu to our Board as an Independent Non-Executive Director. She further strengthens our Board capabilities with a wealth of experience in the resources sector both in Africa and also across the Americas, with Capital's business now growing strongly in North America ."

Save as disclosed therein, the Company confirms that there is no further information required to be disclosed pursuant to paragraph 9.6.13 of the UK Listing Rules.

- ENDS -

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

Capital Limited investor@capdrill.com

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

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. 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 Côte d'Ivoire, Canada, Democratic Republic of Congo, Egypt, Gabon, Guinea, Kenya, Mali, Mauritania, Nigeria, Pakistan, Saudi Arabia, Tanzania and the United States of America.

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November 15, 2023 02:00 ET (07:00 GMT)

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