Successful Rezoning of Erf 18362 to General Business 6 VISUAL INTERNATIONAL HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number 2006/030975/06) ISIN Code: ZAE000187407 Share Code: VIS ("Visual" or "the Company" or "the Group") SUCCESSFUL REZONING OF ERF 18362 TO GENERAL BUSINESS 6 Ahead of its listing, the Group had entered into an agreement in terms of which it is required to purchase a property, consisting of Erf 18362 from the RAL Trust, subject to the successful rezoning of Erf 18362 from agricultural to business. The purchase price will be equal to the fair value of Erf 18362 (known as Stellendale Gardens), after rezoning, as determined by an independent property valuer, to be approved by the JSE; and the purchase price will be used to settle (either way) all or part of the loan receivable from the RAL Trust. The Company is pleased to announce that the rezoning to General Business 6 was granted by the City of Cape Town during October 2023. The impact of this on the financial position of the group will be assessed by the Board, following the former audit firm requiring a substantial expected credit loss provision to be raised against the loan receivable. The publication of the interim results for the six months ended 31 August 2023 is expected imminently and no adjustment has been processed in the interim results. By order of the Board Cape Town 1 November 2023 Designated Advisor AcaciaCap Advisors Proprietary Limited Date: 01-11-2023 04:31:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.