Texaf S.A. — Interim / Quarterly Report 2023

Nov 10, 2023

REGULATED INFORMATION

QUARTERLY INFORMATION

November 10th , 2023

The TEXAF Group's activities in the DRC have developed as follows during the 3rd quarter.

• Rental income from the real estate business (rental of residential properties and office space in Kinshasa) came to EUR 5.8 million for the quarter, up 5% on the comparable period of 2022, with no change in scope. Construction of the Group's two largest projects, SILIKIN VILLAGE phase 3 (6,000 m2 of furnished offices, coworking spaces and meeting rooms) and Promenade des Artistes (94 flats), is continuing. Following delays in the delivery of imported materials, delivery is scheduled for 1st quarter 2024.

Construction site Promenade des Artistes Building D

• CARRIGRES (sandstone quarry in Kinshasa). Sales for the 3rd quarter of 2023 came to EUR 2.0 million, 10% up on the 3rd quarter of 2022. Quantities sold were lower (-11%) than last year, which benefited from the largescale construction of the Jeux de la Francophonie, but the average selling price was significantly higher (+23% in EUR), thanks i.a. to a more favourable product mix.

• TEXAF DIGITAL rents out all its current office space, co-working areas and meeting rooms. Together with its partners, it organises incubation programmes (K-Impact), support for entrepreneurs ("Grandir et Faire Grandir"), short-term training courses (Google Analytics, Power Bi ....), long-term courses (Kadea), etc. OADC TEXAF DIGITAL, the joint venture with the WIOCC group, is to open the first tier-3 data centre in the DRC in early 2024. It is already receiving an excellent response from potential customers.

Construction site Silikin Village Hall A

Contact:

Jean-Philippe Waterschoot, CEO: +32 476 25 26 26, +243 81 891 0525 Christophe Evers, CFO: + 32 495 24 32 60, + 243 81 709 9949

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.