Texaf S.A. — Earnings Release 2022

Nov 10, 2022

INTERIM STATEMENT

November 11th, 2022

The TEXAF Group's activities in the DRC developed as follows during the third quarter

• Rental income from the property business (residential property and office space in Kinshasa) amounted to EUR 5.5 million for the quarter, 11% higher than in the comparable period of 2021. The projects of 2021, 33 apartments in Bois Nobles Phase II, 3,000 m² of office space in Petit-Pont and the rehabilitation of the offices damaged by fire in 2020, contributed fully to these revenues in 2022. As announced in September, the occupancy rate has returned to almost 100%.

The construction of the Group's two largest projects, SILIKIN VILLAGE phase 3 and Promenade des Artistes (94 apartments), is continuing. SILIKIN VILLAGE III has been divided into two phases, the first of which will be delivered in September 2023 and the second in 2024.

Promenade des artistes project

• CARRIGRES (sandstone quarry in Kinshasa). Sales for the third quarter of 2022 amounted to EUR 1.8 million, double the figure for the same period in 2020. Both quantities (+53%) and prices (+34% in EUR) contributed to this strong growth, which is maintained in the fourth quarter.

Avenue Louise 130A -Louizalaan B-1050 Brussels - 32 (2) 639.20.00 - www.texaf.be - info@texaf.be BELFIUS Bank: BE75 5502 6468 0051 – KBC Bank BE23 7310 2113 8291 N° entreprise – Ondernemingsnr. BE.0403.218.607

• TEXAF DIGITAL fully rents its current office, co-working and meeting room spaces. Activities have multiplied, including holiday workshops for the Play & Code Academy, the launch of the Kazi programme to support SME's financed by the World Bank, a new K-Impact session for the incubation of start-ups ....

• The Board of Directors has just co-opted Mr Gerald Croonenberghs and Mr William Croonenberghs, sons of Mr Philippe Croonenberghs, to replace Mr Albert Yuma and Ms Danielle Knott, who have resigned. Mr Gerald Croonenberghs, who holds an EMBA from Hult International Business School, has had a career as a captain in civil aviation and is currently manager at Texaf Digital. Mr. William Croonenberghs, Master of IE Business School and post-graduate of K.U. Leuven, was an account manager at CBRE and is currently a business development consultant at the real estate developer ION.

TEXAF (www.texaf.be), established in 1925, is the only listed company with all its activities in the Democratic Republic of Congo. Currently, these are concentrated on real estate and quarrying. More recently, TEXAF has decided to develop a new branch of activity in the digital field. TEXAF aims to become a major player in this sector.

This listing on the stock exchange and the resulting obligations of good governance and transparency constitute a major asset for the group's development and for the promotion of the formal sector in the Democratic Republic of Congo.

Contact :

Jean-Philippe Waterschoot, CEO: +32 476 25 26 26 +243 81 891 0525 Christophe Evers, CFO: + 32 495 24 32 60 +243 81 70 99 949 Philippe Croonenberghs, President: + 32 495 24 32 64