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FOR IMMEDIATE RELEASE 15 JULY 2021 CAPITAL Capital Limited ( " Capital " , the " Group " or the " Company " ) H1 2021 Trading Update and Guidance Update for 2021 Capital ( LSE : CAPD ) , a leading mining services company focused on the African markets , today provides its trading update for the period 1 January to 30 June 2021 ( the " Period ” ) . The Company will announce its half year results and provide a further operational update on 19 August 2021 . FIRST HALF ( H1 ) 2021 KEY METRICS H1 2021 H1 2020 H2 2020 Revenue ( $ million ) 98.7 65.1 69.9 % change from H1 2020 51.7 % % change from H2 2020 41.2 % ARPOR ( $ ) 180,000 170,000 172,000 5.9 % 4.7 % Average utilised rigs 73 57 58 28.1 % 25.9 % Fleet Utilisation ( % ) 73 57 60 28.1 % 21.7 % Average Fleet 99 99 97 0.0 % 2.1 % Closing fleet size 106 99 94 7.1 % 12.8 % SECOND QUARTER ( Q2 ) 2021 KEY METRICS Q2 2021 Q2 2020 Q1 2021 % change from Q2 2020 % change from Q1 2021 Revenue ( $ million ) 54.7 ARPOR ( $ ) 180,000 32.6 170,000 44.0 68.0 % 24.3 % 180,000 5.9 % 0.0 % Average utilised rigs 81 57 64 42.1 % 26.6 % Fleet Utilisation ( % ) 79 58 67 36.2 % 17.9 % Average Fleet 103 99 95 4.0 % 8.4 % Closing fleet size 106 99 98 7.1 % 8.2 % Financial Highlights • • • • • Q2 2021 revenue of $ 54.7 million , up 68.0 % on Q2 2020 ( $ 32.6 million ) and up 24.3 % on Q1 2021 revenue ( $ 44.0 million ) ; H1 2021 revenue of $ 98.7 million , up 51.7 % on H1 2020 ( $ 65.1 million ) and up 41.2 % on H2 2020 ( $ 69.9 million ) ; Non - drilling revenue contributed 17 % of total revenue for H1 2021 , compared with H1 2020 ( 9 % ¹ ) , driven by mining services , maintenance services and MSALABS ; West African region's contribution to Group revenue was 38 % in H1 2021 , compared to a 31 % contribution in H1 2020 and 32 % in H2 2020 ; Paid a final dividend of US1.3cps for 2020 financial year in May 2021 , up from USO.7cps for the 2019 financial year ; Net debt at the end of H1 2021 was $ 33.6 million vs a net cash balance of $ 5.0 million at the end of December 2020. The majority of the remaining Sukari capex was spent in H1 2021 as previously guided ; Increasing 2021 Revenue Guidance : After a strong H1 2021 and better than anticipated drilling utilisation rates , the Group is increasing guidance on anticipated revenues for the current financial year to $ 200-210 million ( up from $ 185-195 million originally guided at the FY20 results ) ; and H1 2021 results will be released on 19 August 2021 . 1 Restated as Well Force International ( WFI ) revenue is now incorporated within drilling revenue