AFRICA BITCOIN CORPORATION LIMITED (formerly Altvest Capital Limited) Incorporated in the Republic of South Africa (Registration Number: 2021/540736/06) LEI Number: 37898OOE85B7YW5EEW57
("Africa Bitcoin Corporation" or the "Company" or the "Group")
Share Class JSE and A2X NSX Code OTCQB Deutsche ISIN Codes Code Borse Code
Ordinary Shares BAC BAN AFBCF 4BC ZAE000337051 Preferred A Ordinary Shares BACA - - - ZAE000338422 Preferred B Ordinary Shares BACB - - - ZAE000338430 Preferred C Ordinary Shares BACC BANC - - ZAE000338448 FINANCIAL ADVISORY MANDATE AND ISSUE OF SHARES
Shareholders are advised that Africa Bitcoin Corporation has, on 22 January 2026, entered into an agreement ("Agreement") with Maxim Group LLC ("Maxim") in terms of which Maxim has been appointed as the Company's advisor to provide general financial advisory and investment banking services. Maxim is an investment bank, securities and wealth management firm in the United States of America. In terms of the agreement, Maxim will provide the Company with general financial advisory and investment banking services, including strategic advisory support, advice on capital structure and financing alternatives, assistance with investor communications and introductions, and support in broadening the Company's shareholder base.
As consideration for Maxim's services under the Agreement, the Company will issue to Maxim (or its designees) 4% of the Company's issued ordinary share capital, amounting to a maximum of 454 744 ordinary shares in the Company ("Ordinary Shares") at an issuance price of R11.00 per Ordinary Share. The Ordinary Shares will be issued in increments over the course of the agreement, as follows: (i) 75 033 Ordinary Shares on signature of the Agreement (or as soon as possible thereafter); (ii) 76 169 Ordinary Shares on 30 April 2026; (iii) 151 771 Ordinary Shares on 1 August 2026; and (iv) 151 771 Ordinary Shares on 1 November 2026, subject to the terms and conditions contained in the Agreement.
The Ordinary Shares to be issued to Maxim will be issued by the Company under and in accordance with its existing general authority to issue shares for cash, granted by ordinary shareholders at the annual general meeting of the Company held on 11 July 2025. The Ordinary Shares, when issued, will be credited as fully paid and will, subject to any disposal restrictions imposed under Rule 144 of the Securities and Exchange Commission promulgated under the Securities Act of 1933, as amended, rank pari passu in all respects with the existing Ordinary Shares in issue. Johannesburg 26 January 2026
JSE Designated Advisor NSX Sponsor Legal Advisor Questco Corporate Advisory Cirrus Securities (Pty) Ltd RDKM Advisory Member of the Namibian Stock Exchange Date: 26-01-2026 07:45:00
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