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Channel VAS Investments Limited
(Incorporated under the laws of the British Virgin Islands) (Company number: 1750790) JSE share code: OPA ISIN code: VGG2072E1016 ("Optasia" or the "Company" or the "Group") TRADING UPDATE AND WITHDRAWAL OF AGM RESOLUTION Trading Update
At the Annual General Meeting of the Company ("AGM") to be held at 10:00am SA time today, Monday, 1 June 2026, the Group Chief Executive Officer of the Company, Salvador Anglada, will provide the following trading update:
The Group has delivered a strong start to the financial year, with trading in the first quarter in line and continued momentum across the business.
As previously announced, the Group's airtime lending operations in Nigeria were paused in April following changes to local digital lending regulations. Those regulations have since been suspended by the FCCPC, pending the determination of related legal proceedings. The regulatory position is progressively being resolved, and the Group continues to engage constructively with its partners, with a gradual recovery in transaction volumes expected over the coming months. While the suspension affected second-quarter trading, the Group expects to report first-half results in line with the Board's expectations.
Optasia remains focused on executing against its stated strategy, including deepening existing partner relationships, expanding product coverage and driving further geographic diversification. In line with this strategy, the Group has launched its merchant loans product for small to medium-sized enterprises, broadening the range of solutions available through its AI-led technology platform. The Group has also continued to progress its deployment pipeline, targeting new markets to further expand Optasia's geographic footprint.
The information provided above has not been reviewed or reported on by the Company's external auditors. Withdrawal of AGM Resolution
Shareholders are referred to the Company's Notice of AGM dated 30 April 2026 convening the AGM.
Shareholders are advised that Ordinary Resolution 3: Election of Mr Manuel Sanchez Rodriguez, relating to the election of Mr Manuel Sanchez Rodriguez as a non-executive director of the Company, has been withdrawn from the agenda of the AGM by the Board and will no longer be proposed or put to shareholders at the AGM, as Mr Sanchez is no longer available to stand for election as a director of the Company.
Accordingly, any proxy votes submitted in respect of Ordinary Resolution 3 will not be taken into account or counted. All other resolutions contained in the Notice of AGM, and the numbering of all other proposed resolutions, remain unchanged and will be proposed at the AGM.
The withdrawal of Ordinary Resolution 3 does not affect the validity of the Notice of AGM, the proxy form or any proxy votes already submitted in respect of the remaining resolutions to be proposed at the AGM.
The Company has commenced a process to identify and appoint a suitable replacement independent non- executive director as soon as practicable and will provide shareholders with a further update in due course. Johannesburg 1 June 2026 Sponsor The Standard Bank of South Africa Limited Date: 01-06-2026 07:30:00
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