LABAT AFRICA LIMITED - Cautionary Announcement Regarding Acquistion Of Remaning 24.5 % Of Classic International

Cautionary Announcement Regarding Acquistion Of Remaning 24.5 % Of Classic International

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


CAUTIONARY ANNOUNCEMENT REGARDING ACQUISTION OF REMANING 24.5 % OF
CLASSIC INTERNATIONAL


Shareholders are advised that the Company is in at an advanced stage of discussions
regarding a proposed transaction in terms of which Labat Africa intends acquiring the
remaining 24.45% shareholding in Classic International Trading (Pty) Ltd ("Classic"), which
transaction, if successfully concluded, may have a material effect on the price of the
Company's securities.

The proposed acquisition follows a strong financial performance by Classic during the
current financial year which underpins the strong results Labat has produced and will be
producing and forms part of Labat Africa's broader strategic objectives to further
consolidate and enhance its interests within its high-growth operating subsidiaries.

The proposed transaction remains subject to the conclusion of definitive agreements, the
fulfilment of customary conditions precedent and the receipt of all necessary regulatory
and corporate approvals.

Accordingly, shareholders are advised to exercise caution when dealing in the
Company's securities until a further announcement is made. Final details of the proposed
transaction will be announced in due course.

The Board of Directors accepts responsibility for the information contained in this
announcement.

By order of the Board.

Johannesburg
14 May 2026
JSE Sponsor
Vunani Sponsors

Date: 14-05-2026 08:00:00
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