LABAT AFRICA LIMITED - Completion Of Share Transfer For The Acquisition Of The Additional 24.45% Of Classic International (Pty) Ltd

Completion Of Share Transfer For The Acquisition Of The Additional 24.45% Of Classic International (Pty) Ltd

LABAT AFRICA LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1986/001616/06)
("Labat Africa" or "the Company")
ISIN Code: ZAE000018354 Share Code: LAB
FSE Code: LEI 9845000R73DF5EE41J88


COMPLETION OF SHARE TRANSFER FOR THE ACQUISITION OF THE ADDITIONAL 24.45% OF
CLASSIC INTERNATIONAL (PTY) LTD



Shareholders of Labat are referred to the announcement released on SENS regarding the
acquisition of the remaining 24.45% shareholding in Classic International (Pty) Ltd ("Classic"),
in terms of which Labat Africa Limited ("Labat") agreed to issue 900,000,000 ordinary Labat
Africa shares at an issue price of R0.03 (Three Cents) per share as settlement of the purchase
consideration of R27 million.

The Company is pleased to announce that, following the successful implementation of the
transaction, the transfer of 900,000,000 ordinary Labat Africa shares has been completed in
accordance with the terms of the Memorandum of Agreement. As a result, Labat now holds
100% of the issued share capital of Classic International (Pty) Ltd.

The acquisition represents a significant strategic milestone for the Group, enabling the full
integration of Classic into Labat's expanding technology and artificial intelligence ("AI")
portfolio. The Board believes that full ownership will enhance operational efficiencies,
strengthen the Group's ICT infrastructure capabilities and allow shareholders to benefit fully
from Classic's future earnings, cash flows and growth opportunities.

A total of 900,000,000 ordinary shares were issued at an issue price of R0.03 per share.
Following the additional listing of these shares on the JSE, the total issued and listed share
capital of Labat Africa Limited has increased from 2 267 918 902 to 3 167 918 902.

JOHANNESBURG
10 July 2026

JSE Sponsor
Vunani Sponsors

Date: 10-07-2026 08:50:00
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