ARAXI LIMITED - Dealings in Securities by Directors of the Company and Directors of major subsidiary companies

Dealings in Securities by Directors of the Company and Directors of major subsidiary companies

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" or "the Group")

Dealings in securities by directors of the Company and directors of major subsidiary companies

In compliance with the JSE Limited ("JSE") Listings Requirements, shareholders are advised of the
following information relating to dealing in securities by directors of the Company and directors of major
subsidiary companies.

The vesting occurred in terms of the Araxi Conditional Share Plan (previously the Capital Appreciation
Conditional Share Plan). All deliveries of awards occurred off-market.

Name of director                       :      Michael Pimstein
Position and Company                   :      Executive Chairman: Araxi
Class of securities                    :      Ordinary shares
Nature of transactions                 :      Automatic vesting of share plan awards
Number of securities vested            :      1,982,450 share awards at R1,88 per share
Value of vesting transaction           :      R3,727,006
Nature and extent of interest          :      Direct beneficial

Name of director                       :      Bradley Sacks
Position and Company                   :      Chief Executive Officer: Araxi
Class of securities                    :      Ordinary shares
Nature of transactions                 :      Automatic vesting of share plan awards
Number of securities vested            :      1,982,450 share awards at R1,88 per share
Value of vesting transaction           :      R3,727,006
Nature and extent of interest          :      Direct beneficial

Name of director                       :      Michael Shapiro
Position and Company                   :      Executive Director: Araxi
                                              Managing Director: Synthesis Software Technologies
                                              Proprietary Limited
Class of securities                    :      Ordinary shares
Nature of transactions                 :      Automatic vesting of share plan awards
Number of securities vested            :      991,225 share awards at R1,88 per share
Value of vesting transaction           :      R1,863,503
Nature and extent of interest          :      Direct beneficial

Name of director                       :      Steyn Basson
Position and Company                   :      Executive Director: Synthesis Software Technologies
                                              Proprietary Limited
Class of securities                    :      Ordinary shares
Nature of transactions                 :      Automatic vesting of share plan awards
Number of securities vested            :      557,564 share awards at R1,88 per share
Value of vesting transaction           :      R1,048,220
Nature and extent of interest          :      Direct beneficial

Name of director                       :      Benjamin Powell
Position and Company                   :      Managing Director: Dashpay Proprietary Limited
Class of securities                    :      Ordinary shares
Nature of transactions                 :      Automatic vesting of share plan awards
Number of securities vested            :      867,322 share awards at R1,88 per share
Value of vesting transaction           :      R1,630,565
Nature and extent of interest          :      Direct beneficial

Name of director                       :      Donn Engelbrecht
Position and Company                   :      Managing Director: Payments Division.
                                              Managing Director: African Resonance Business Solutions
                                              Proprietary Limited
Class of securities                    :      Ordinary shares
Nature of transactions                 :      Automatic vesting of share plan awards
Number of securities vested            :      991,225 share awards at R1,88 per share
Value of vesting transaction           :      R1,863,503
Nature and extent of interest          :      Direct beneficial

All share awards were granted on 5 December 2022.

Vesting of all share awards took place on 24 February 2026.

The necessary clearances have been obtained as required in terms of the JSE Listings Requirements for all
the transactions.


Sandton
25 February 2026

Sponsor: Investec Bank Limited


Date: 25-02-2026 02:40:00
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