TRANSPACO LIMITED — M&A Activity 2026

Mar 2, 2026

TRANSPACO LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1951/000799/06)
Ordinary share code: TPC
Ordinary share ISIN: ZAE000007480
("Transpaco" or the "Company")

UPDATE ON THE ACQUISITION OF THE PREMIER PLASTICS GROUP

Shareholders are referred to the announcements released on the Stock Exchange News Service on 6 November 2025, 29 January 2026 and 24 February 2026, respectively, setting out the details of Transpaco's proposed acquisition of all of the issued shares of Premier Plastics Proprietary Limited ("Premier") from Bundeena No 2 Proprietary Limited, Sixone Proprietary Limited and Alessandra Bragazzi (collectively, the "Sellers"), on certain terms and subject to certain conditions (the "Acquisition").

The Acquisition was categorised as a Category 2 transaction in terms of the JSE Limited Listings Requirements.

Shareholders are advised that after much deliberation, the board of directors of Transpaco has decided not to appeal the Competition Commission ruling prohibiting the Acquisition.

Accordingly, the Company and the Sellers have entered into an agreement to terminate the existing agreements in relation to the Acquisition with immediate effect.

Johannesburg

02 March 2026

Sponsor to Transpaco
Investec Bank Limited

Legal advisors to Transpaco
Cliffe Dekker Hofmeyr Incorporated