Labat Africa completes acquisition of remaining 24.45% stake in Classic International for R27 million

• Labat Africa completed the transfer of 900,000,000 ordinary shares to finalize the purchase of the remaining 24.45% of Classic International.
• The shares were issued at R 0.03 each, settling purchase consideration of R 27 million, taking Labat’s stake in Classic to 100%.
• Total issued and listed Labat shares increased to 3,167,918,902 from 2,267,918,902 following the additional JSE listing.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Labat Africa Ltd. published the original content used to generate this news brief via SENS, the regulatory disclosure system operated by the Johannesburg Securities Exchange (JSE) (Ref. ID: S523881), on July 10, 2026, and is solely responsible for the information contained therein.