ARAXI LIMITED - Distribution of circular and notice of general meeting

Distribution of circular and notice of general meeting

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")


DISTRIBUTION OF CIRCULAR AND NOTICE OF GENERAL MEETING

Unless otherwise defined in this announcement, words and expressions contained herein shall have
the same meanings as assigned to them in the Circular released on Thursday, 9 April 2026, referred
to below.

INTRODUCTION

Araxi Shareholders are referred to the Category 1 announcement regarding the Proposed
Acquisition by Araxi, via its wholly-owned subsidiary, African Resonance, of the Pay@ Group, and
withdrawal of the cautionary announcement released on SENS on 18 February 2026.

DISTRIBUTION OF CIRCULAR

A circular ("Circular"), detailing the full details of the Proposed Acquisition, will be distributed today,
Thursday, 9 April 2026. The Circular also incorporates a notice convening a general meeting of
shareholders ("Notice of General Meeting") for the purpose of considering, and, if deemed fit,
passing, with or without modification, the resolutions contained in the Notice of General Meeting.

The Circular is available on the Company's website at https://araxigroup.com/investors/shareholder-
circulars/.

NOTICE OF GENERAL MEETING

Notice is hereby given that a general meeting of Araxi Shareholders will be held at 14:00 on Friday,
8 May 2026, virtually by way of electronic communication on https://meetnow.global/za, to consider
and, if deemed fit, to approve and adopt, with or without modification, the resolutions set out in the
Notice of General Meeting.


SALIENT DETAILS AND DATES

Kindly note the following salient details:

 Issuer name                                                                               Araxi Limited

 Type of instrument                                                                      Ordinary Shares

 ISIN number                                                                          ISIN: ZAE000208245

 JSE code                                                                                            AXX

 Meeting type                                                                            General Meeting

 Posting Record Date to be eligible to receive the Circular                       Thursday, 2 April 2026

 Distribution and posting of the Circular to Shareholders and                     Thursday, 9 April 2026
 Notice of General Meeting released on SENS on

 Last Day to Trade to participate in and vote at the General                       Friday, 24 April 2026
 Meeting

 Voting Record Date to participate in and vote at the General                    Thursday, 30 April 2026
 Meeting

 Last day to lodge forms of proxy in respect of the General                        Wednesday, 6 May 2026
 Meeting by 14:00

 General Meeting to be held at 14:00 on                                               Friday, 8 May 2026

 Results of General Meeting released on SENS                                          Friday, 8 May 2026

Notes:

1        The above dates and times are subject to amendment. Any such material amendment will be
         released on SENS.
2.       All times quoted in this announcement are local times in South Africa on a 24-hour basis,
         unless specified otherwise.
3.       No orders to dematerialise or rematerialise Shares will be processed from the Business Day
         following the Last Day to Trade up to and including the Voting Record Date, but such orders
         will again be processed from the first Business Day after the Voting Record Date.
4.       The Certificated Register will be closed between the Last Day to Trade and the Voting Record
         Date.
5.       Araxi Shareholders should note that, as transactions in securities (and thus Araxi Shares)
         are settled in the electronic settlement system operated by Strate, settlement of trade takes
         place three Business Days after such trade. Therefore, persons who acquire Araxi Shares
         after the Last Date to Trade as detailed in the table referred to above shall not be able to
         participate and vote at in the General Meeting.
6.       If the General Meeting is adjourned or postponed, forms of proxy submitted for the General
         Meeting will remain valid in respect of any adjournment or postponement of the General
         Meeting unless the contrary is stated on such form of proxy.

9 April 2026

Johannesburg

Transaction Advisor and Transaction Sponsor: PSG Capital


Legal advisors to Araxi: Werksmans

Date: 09-04-2026 09:00:00
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