ISA HOLDINGS LIMITED - Withdrawal of Cautionary Announcement

Withdrawal of Cautionary Announcement

ISA Holdings Limited
Incorporated in the Republic of South Africa
(Registration number 1998/009608/06)
Share code: ISA ISIN: ZAE000067344
("ISA" or "the Company")


WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT


Further to the cautionary announcement released on SENS on 3 November 2025 (and using the terms
defined therein unless otherwise stated herein) regarding the receipt of a Non-Binding Expression of Interest
in respect of a possible transaction which if successful, would result in the offeror acquiring a controlling
shareholding in ISA by way of a Scheme in terms of section 114 of the Companies Act and the subsequent
delisting of the Company from the JSE, and to the subsequent renewal of cautionary announcements, the
last of which was dated 29 April 2026, shareholders are advised that engagement between ISA and the
offeror have been terminated and therefore, no offer will result from the process.

Accordingly, caution is no longer required to be exercised when dealing in the Company's securities.

The ISA board of directors, collectively and individually, accepts responsibility for the information contained
in this announcement and certifies that, to the best of its knowledge and belief, the information contained in
this announcement relating to ISA is true, and that this announcement does not omit anything that is likely to
affect the importance of such information.

Johannesburg
11 May 2026

Designated Adviser
Merchantec Capital

Date: 11-05-2026 03:10:00
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