CHANNEL VAS INVESTMENTS LIMITED - Dealings By An Associate Of A Director And Acquisition Of Shares In The Company By Firstrand

Dealings By An Associate Of A Director And Acquisition Of Shares In The Company By Firstrand

Channel VAS Investments Limited
(Incorporated under the laws of the British Virgin Islands)
(Company number: 1750790)
JSE share code: OPA
ISIN code: VGG2072E1016
("Optasia" or the "Company")

DEALINGS BY AN ASSOCIATE OF A DIRECTOR AND ACQUISITION OF SHARES IN THE
COMPANY BY FIRSTRAND

Shareholders are advised that Zoey Enterprises Limited (an associate of and entity owned by Bassim
Haidar, the founder and non-executive director of Optasia) has disposed of 74,103,711 ordinary shares
in the Company, representing 6% of the total issued shares in the Company ("Sale Shares"). FirstRand
Limited (JSE: FSR) (through FirstRand Investment Holdings Pty Ltd) ("FirstRand") has acquired these
74,103,711 Sale Shares in the Company for ZAR20.00 per Sale Share, resulting in a total purchase
consideration of ZAR 1,482,074,220 (the "Transaction").

FirstRand made its initial strategic investment in November 2025 where it acquired a total shareholding
of 20.1% from the shareholders of Optasia at that time. Following the Transaction, FirstRand's
shareholding in the Company has consequently increased to an aggregate holding of 26.1% of the total
issued shares in Optasia.

Shareholders are also advised that Bassim Haidar now has an aggregate, indirect shareholding of 1.5%
of the total issued shares in Optasia pursuant to the implementation of the Transaction.

The joint bookrunners appointed by the Company in respect of its listing on the JSE agreed to waive
the lock-up on the shareholding of Zoey Enterprises permitting the implementation of the Transaction.

Settlement of the Transaction is expected on or about 30 March 2026.

DEALING IN SECURITIES BY AN ASSOCIATE OF A DIRECTOR

In compliance with the JSE Limited Listings Requirements, shareholders are advised of the following
information relating to Transaction involving dealings in securities by an associate of a director of the
Company:


Director:                     Bassim Haidar

Associate:                    Zoey Enterprises Limited

Nature of transaction:        Sale of shares by way of a bilateral block-trade transaction

Date of transaction:          25 March 2026 (settlement expected on or about 30 March 2026)

Number of securities:         74,103,711 ordinary shares

Price per share:              ZAR 20.00

Total value of transaction:   ZAR 1,482,074,220

Nature of interest:           Indirect, beneficial

Clearance obtained:           Yes

Johannesburg
26 March 2026

Sponsor
The Standard Bank of South Africa Limited

Legal adviser
Webber Wentzel

Date: 26-03-2026 07:05:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.