LABAT AFRICA LIMITED - Strategic Global Supply Agreement Between Ahnamu Investments (Pty) Ltd And Shafi Inc Fzco

Strategic Global Supply Agreement Between Ahnamu Investments (Pty) Ltd And Shafi Inc Fzco

LABAT AFRICA LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1986/001616/06)
("Labat Africa" or "the Company")
ISIN Code: ZAE000018354 Share Code: LAB
FSE Code: LEI 9845000R73DF5EE41J88


STRATEGIC GLOBAL SUPPLY AGREEMENT BETWEEN AHNAMU INVESTMENTS (PTY) LTD AND
SHAFI INC FZCO



Shareholders are advised that Ahnamu Investments (Pty) Ltd ("Ahnamu"), a subsidiary
company of Labat Africa Limited, has concluded a 5-year Sale and Supply Agreement
("SSA") with Shafi Inc FZCO ("Shafi"), a technology distribution company headquartered in
Dubai, Silicon Oasis Free Zone, United Arab Emirates.

The SSA establishes a strategic global supply partnership for the distribution of advanced
semiconductor and artificial intelligence computing technologies.

Background

On 28 February Labat effected an acquisition of 51% interest in Ahnamu from Mr Christopher
Mark, a nonrelated party to Labat. The acquisition represented a significant step for Labat,
which has been actively seeking opportunities to diversify and strengthen its portfolio
pivoting towards technology and ICT.

Description of Ahnamu:
Ahnamu is an award-winning ICT importer and distributor of cutting edge External and
Internal Computer hardware solutions across the SADC region. Ahnamu provides turnkey
business operation solutions for start-ups and entrepreneurs alike. Delivering tailored and
comprehensive hardware solutions that align with the requirements of their clients across
various sectors, a 51% owned subsidiary of Labat.

Description of Shafi:
Shafi Inc FZCO is a Free Zone Company authorised to conduct technology and commercial
operations within the IFZA Dubai jurisdiction and globally under applicable laws.


Strategic Overview
The SAA positions Ahnamu as an African supplier of high-performance computing and
artificial intelligence hardware solutions to Shafi's international distribution network.

This collaboration enables Ahnamu to expand its technology distribution footprint into
international markets through Shafi's established global semiconductor and technology
supply channels.
The SAA aligns with the strategic vision of expanding Ahnamu's participation in the global
artificial intelligence infrastructure market and strengthens its ability to service both
enterprise and government sectors requiring high-performance computing solutions.


Strategic Rationale
The Board believes the agreement represents a significant commercial milestone for
Ahnamu, providing:
    • access to global semiconductor distribution channels,
    • increased revenue visibility through minimum purchase commitments and expansion
       into the rapidly growing artificial intelligence infrastructure market
    • a potential pathway to a long-term strategic technology supply partnership.

The SSA may have an impact on the performance Labats business. This announcement is
for information purposes, following the Company's strategic pivot towards technology and
ICT.

Ahnamu reported audited revenue of approximately ZAR 160 million and profit of
approximately ZAR 90 million for the financial year ended 2024. The Board believes that the
agreement represents a meaningful strategic development for Ahnamu.


Cautionary Statement
Labat is in the process of finalising a further transaction which will have an exponential
impact on revenue and shareholder value.

By order of the Board
Labat Africa Limited


JOHANNESBURG
17 March 2025

JSE Sponsor
Vunani Sponsors

Date: 17-03-2026 08:00:00
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