Capital Partners S.A.

Proxy Solicitation & Information Statement • Jun 6, 2018

Form of Proxy

JZ CAPITAL PARTNERS LIMITED (Company No. 48761) (the "Company")

For use at the Extraordinary General Meeting to be held on 26 June 2018

I/We

Please insert Ordinary Shareholder/Shareholders name using block capitals. Please note if the shareholder(s) name is not inserted the Form of Proxy cannot be used.

______________________________________________________________________

__________________________________________________________________________

of ________being an Ordinary Shareholder/Shareholders
of the above named Company HEREBY APPOINT
(full name) _______________

of (address) ____________________________________________________________________

or failing him (or if no name(s) is entered above), the Chairman of the Extraordinary General Meeting or the Company Secretary as my/our proxy to attend and vote for me/us on my/our behalf at the Extraordinary General Meeting of the Company to be held at the offices of Northern Trust International Fund Administration Services (Guernsey) Limited, Trafalgar Court, Les Banques, St Peter Port, Guernsey GY1 3QL, Channel Islands on 26 June 2018 at 1.30 p.m. (or as soon thereafter as the Annual General Meeting of the Company convened for the same day and place has been concluded or adjourned), and at any adjournment thereof, and in respect of the Resolutions set out in the Notice of Extraordinary General Meeting dated 6 June 2018 to vote as indicated below.

Words and expressions defined in the circular dated 6 June 2018 and published by the Company (the "Circular") shall, unless the context otherwise requires, have the same meaning in this form of proxy.

If the proxy is being appointed in relation to less than your full voting entitlement, please insert in the first box below the number of Ordinary Shares in relation to which the proxy is authorised to act. If the box is left blank, the proxy will be deemed to be authorised in respect of your full voting entitlement or, if applicable, your full voting entitlement of a designated account.

Please also indicate with an "X" in the second box below if the proxy instruction is one of the multiple instructions.

Number of Ordinary Shares authorised:

Multiple instructions

Please mark the voting boxes below with an "X" to indicate your instruction 'For', 'Against' or 'Abstain'.

Ordinary Resolutions		For	Against	Abstain
1.	THAT, the related party transaction relating to approval of the
	Company's acquisition of a 27.696 per cent. ownership interest
	and related initial and additional investments in Deflecto

	Holdings, LLC on the terms summarised in paragraph 2.1 in the
	section entitled "Chairman's Letter" on page 6 and in paragraph
	1 of the section entitled "Summary of the Deflecto and Fund IV
	Proposals" on page 13 in each case of the Circular (as defined
	above), be and is hereby approved for the purposes of Chapter
	11 of the Listing Rules insofar as they apply to the Company by
	virtue of its voluntary compliance with the Listing Rules and
	notwithstanding that the Company has not received written
	confirmation in a form prescribed by the Listing Rules that the
	terms of the transaction are fair and reasonable as far as
	Ordinary Shareholders are concerned.
2.	THAT, the related party transaction relating to approval of the
	Company's investments in JZI Fund IV, L.P. on the terms
	summarised in paragraph 2.2 in the section entitled "Chairman's
	Letter" on page 9 and in paragraph 2 of the section entitled
	"Summary of the Deflecto and Fund IV Proposals" on page 14 in
	each case of the Circular (as defined above), be and is hereby
	approved for the purposes of Chapter 11 of the Listing Rules
	insofar as they apply to the Company by virtue of its voluntary
	compliance with the Listing Rules.

Signed_________________________________________________________________________

Dated _________________________________________________________________________

In order to be valid at the above meeting this proxy must be completed and returned to arrive no later than 1.30 p.m. on 22 June 2018, or in the event that the Extraordinary General Meeting is adjourned, not less than 48 hours (excluding any part of a day that is not a working day) before the time for holding the adjourned meeting. You may return the form of proxy by post to Equiniti Limited, Aspect House, Spencer Road, Lancing, West Sussex BN99 6DA, United Kingdom or by email to proxyvotes@equiniti.com (and in the case of email with the original to follow by post to Equiniti Limited). In the case of email, should the original form of proxy not be received by post the electronic version shall still be treated as valid (provided it is returned before the proxy cut-off date as detailed above).

If you are returning this proxy by post from outside the United Kingdom, you will need to place the Form of Proxy in a reply paid envelope and post the envelope to Equiniti Limited. In order to ensure that this proxy is received before the proxy cut-off date detailed above, you should also return the Form of Proxy by email.