Press Release: Labat will list on the Frankfurt Stock Exchange today: 6 December 2021 LABAT AFRICA LIMITED (Incorporated in the Republic of South Africa) (Registration number 1986/001616/06) (“Labat Africa” or “the Company”) ISIN Code: ZAE 000018354 Share code: LAB LEI 9845000R73DF5EE41J88 PRESS RELEASE LABAT WILL LIST ON THE FRANFURT STOCK EXCHANGE TODAY: 6 DECEMBER 2021 Labat Africa, the leading black owned listed Cannabis Holdings group headquartered in South Africa (“Company”), announces it has received approval to list its shares as a secondary listing on the Frankfurt Stock Exchange. With a focus on pharmaceutical grade Medicinal Cannabis, Labat Africa is one of two cannabis businesses listed on the Johannesburg Stock Exchange offering South African and international investors exposure to high growth investments in Cannabis Healthcare. The shares are admitted to trading when the market open on Monday 06 December 2021, without restriction. The application was for the dual listing of the equity (the “Listing”) that shall be quoting under the ISIN ZAE000018354 on the open market segment “Quotation Board” of Frankfurt Stock Exchange (“FSE”). The Issuer, a company organized under the laws of South Africa, with the LEI NO 9845000R73DF5EE41J88, will remain primary listed on the Johannesburg Stock Exchange under the Ticker Symbol “LAB”, with the stock price in Frankfurt linked to the stock price in Johannesburg. Further, the issuance shall be placed as a private placement, The listing was handled and successfully conducted by Renellbank a CRR credit institution within the meaning of Section 1 Paragraph 3d Sentence 1 KWG in conjunction with Article 4 Paragraph 1 No. 2 of Regulation (EU) 575/2013 of the European Parliament and of the Council of June 26, 2013. With Germany’s new government leaders planning to push forward and legalise cannabis, the Frankfurt Stock Exchange listing will allow Labat to accelerate its cannabis portfolio offering to the international markets worldwide and will also allow new investors to have access to Labat’s shares. According to reports in leading publication, Des Spiegel, the parties have now managed to agree and align on one crucial question: the legalisation of cannabis for wellness and recreational consumption. We are excited that we are now able to access international Cannabis investors and markets with the FSE listing. It also allows international investors an opportunity to enter the lucrative South African Market says Brian Van Rooyen CEO of Labat Africa. We would like to advise our shareholders to exercise caution until a further announcement is made, in order for the group and its shareholders to assess the impact of this listing on the FSE. Mr van Rooyen concluded.” Brian Van Rooyen, CEO Johannesburg 6 December 2021 Sponsor AcaciaCap Advisors Proprietary Limited Date: 06-12-2021 02:26:00 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.