Results of Placing

Capital (LSE:CAPD), a leading mining services company, is pleased to announce that it has successfully raised gross proceeds of £31 million (approximately US$40 million) before expenses, via the issue of 28,581,503 new common shares in the Company ("Placing Shares") at a price of 107 pence per share (the "Placing Price").

The Placing Price represents a discount of approximately 4.9 per cent to the closing price of per existing issued common share as of 20 November 2025.

The Company consulted with and received strong support from many of its largest shareholders prior to the Placing. The Company respected the principles of pre-emption, so far as possible, through the allocation process. The Company's management team actively participated in the structuring and allocation of the Placing.

The net proceeds of the Placing will provide additional balance sheet capacity to support the Group's growth strategy as it seeks to capitalise on a highly favourable demand environment and a tightening equipment market. Following a sustained period of robust commodity prices, a surge in capital markets activity within the sector and increased exploration budgets across our major customers and the sector in general, the Group anticipates increased demand for its services across its operating divisions into 2026 and beyond. An enhanced liquidity position will enable the Group to rapidly pursue and capitalise on growth opportunities as they arise.

Stifel Nicolaus Europe Limited ("Stifel"), Tamesis Partners LLP ("Tamesis") and Panmure Liberum Limited ("Panmure Liberum") are acting as joint bookrunners (the "Joint Bookrunners") in relation to the Placing.

Settlement of the Placing Shares, Posting of Circular and Notice of General Meeting

As set out in the Company announcement dated 20 November 2025, it is expected that the Placing Shares will be settled in two tranches. The first tranche of Placing Shares (the "First Placing Shares"), consisting of 19,672,225 new common shares (representing approximately 9.99% of the Company's existing issued share capital) is expected to settle on or before 8.00 a.m. on 25 November 2025. The issue of the second tranche of Fundraising Shares (the "Second Placing Shares"), comprising a further 8,909,278 Placing Shares (representing approximately 4.53% of the Company's existing issued share capital), will be subject to the passing of the Resolutions at the General Meeting to be held on or around 11 December 2025. Capital will publish a Notice of General Meeting setting out the shareholder resolutions requiring approval, and the Board's recommended support for it, on or around 24 November 2025. The First Placing Shares will not require or be conditional upon further shareholder approval.

The Placing shares will be issued credited as fully paid and will, on issue, rank pari passu in all respects with the existing issued common shares of the Company, including the right to receive all dividends and other distributions thereafter declared, made or paid on the enlarged share capital from Admission.

Total Voting Rights

Following Admission of the First Placing Shares, the Company's total issued share capital will consist of 225,303,781 Common Shares of USD0.0001 each in the Company. The Company does not hold any Common Shares in treasury. Therefore, following Admission of the First Placing Shares, the total number of voting rights in the Company will be 225,303,781. 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 a change in their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

Capitalised terms not otherwise defined in the text of this Announcement have the meanings given in the Company's announcement dated 20 November 2025.

Jamie Boyton, Executive Chair, commented:

"We are pleased with the strong level of support received in this Placing, which reflects the confidence our shareholders and new investors have in the strength of our business and the growth opportunities ahead.

With the highly favourable market demand backdrop, the proceeds from the Placing will provide the balance sheet capacity needed to capitalise on this environment and move on the opportunities emerging across our divisions.

We thank all participating investors for their support and we remain confident in the outlook for the Group and our ability to continue delivering long-term shareholder value."

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