ARAXI LIMITED - Results of the general meeting and competition commission approval

Results of the general meeting and competition commission approval

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")

RESULTS OF THE GENERAL MEETING AND COMPETITION COMMISSION APPROVAL

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.

RESULTS OF THE GENERAL MEETING

Araxi Shareholders are hereby advised that at the general meeting of the Company held virtually by way of
electronic communication at 14:00 today, Friday, 8 May 2026 ("GM"), all of the resolutions were passed by the
requisite majorities of the Company's shareholders.

Details of the results of the voting at the GM are as follows:

                                                     Votes
                                Votes for          against
                            resolution as    resolution as                          Number of        Number of
                             a percentage     a percentage                       shares voted           shares
                                 of total         of total                         at GM as a     abstained as
                                number of        number of          Number of      percentage     a percentage
 Resolutions                 shares voted     shares voted       shares voted    of shares in     of shares in
 proposed at the GM                 at GM            at GM              at GM          issue*           issue*
 Ordinary resolution                 100%               0%        748 446 701          57.93%            0.07%
 number 1:
 Approval of the
 Proposed Acquisition
 Ordinary resolution                 100%               0%        748 446 701          57.92%            0.08%
 number 2:
 Signing powers

Note
*Total number of shares in issue as at the date of the GM was 1 291 960 171, of which 143 405 904 were
treasury shares.

COMPETITION COMMISSION APPROVAL

As stated in the Circular, the Proposed Acquisition was subject to certain conditions precedent, including the
approval of the relevant Competition Authorities. Shareholders are advised that on 30 April 2026, the
Competition Commission unconditionally approved the Proposed Acquisition.

8 May 2026

Johannesburg
Transaction Advisor and Transaction Sponsor: PSG Capital

Legal advisors to Araxi: Werksmans

Date: 08-05-2026 03:27:00
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