ARAXI LIMITED — M&A Activity 2026

Jan 20, 2026

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Araxi Limited (Previously Capital Appreciation Limited) Incorporated in the Republic of South Africa (Registration number 2014/253277/06) Share code: AXX ISIN: ZAE000208245 ('Araxi" or "the Company" or "the Group")

RENEWAL OF CAUTIONARY ANNOUNCEMENT

Shareholders are referred to the cautionary announcement released on 3 December 2025 in terms of which shareholders were advised that Araxi was in advanced discussions regarding a potential acquisition of a controlling interest in a meaningful payment services business, and that if the transaction is successfully concluded, it will have a marked positive impact on the Araxi Payments division.

Araxi remains in an advanced stage of discussions regarding the potential acquisition. Accordingly, shareholders are advised to continue to exercise caution when dealing in the Company's securities until a further announcement is made.

Sandton 20 January 2026

Sponsor: Investec Bank Limited