LIBSTAR HOLDINGS LIMITED - Change of Beneficial Interest in Libstar Securities

Change of Beneficial Interest in Libstar Securities

Libstar Holdings Limited

(Incorporated in the Republic of South Africa)

(Registration number 2014/032444/06)

JSE share code: LBR

ISIN: ZAE000250239

("Libstar" or the "Company")



CHANGE OF BENEFICIAL INTEREST IN LIBSTAR SECURITIES

In compliance with section 122(3)(b) of the Companies Act 71 of 2008 (the "Companies
Act"), and paragraph 3.83(b) of the JSE Listings Requirements, shareholders are advised
that between 4 and 5 November the Company received information and notifications
pursuant to section 122(1) of the Companies Act from each of Cearus Holdco Limited
("Cearus"), APEF Pacific Mauritius Limited ("APEF") and Ribbon Ventures Limited
("Ribbon") relating to the following transactions:

    •   APEF distributed 6.56% of the issued ordinary shares of the Company ("Company
        Shares") to its sole shareholder Cearus, such that following the distribution,
        Cearus and APEF hold 6.56% and 34.90% of Company Shares respectively;
    •   Immediately thereafter, Cearus disposed of its interests in APEF (and therefore
        disposed of its indirect interest in the Company comprising 34.90% of Company
        Shares) which resulted in Cearus holding only the 6.56% interest contemplated
        above;
    •   APEF was acquired by Ribbon resulting in Ribbon holding a beneficial interest in
        Company Shares, held on behalf of its underlying clients, constituting 34.90% of
        Company Shares.

As required in terms of section 122(3)(a) of the Companies Act, the Company has filed
the required notice with the Takeover Regulation Panel.

Shareholders are reminded that the cautionary announcement published on 29 October
2025 remains in force and shareholders should continue to exercise caution when
dealing in the Company's securities until a further announcement is made.

The Board accepts responsibility for the information contained in this announcement,
having relied on the notice information provided by Caerus, APEF and Ribbon in their
respective TRP 121.1 Forms and, to the best of its knowledge and belief, the information
is accurate and complete and does not omit anything likely to affect the importance of
such information.

Cape Town
6 November 2025

Sponsor
The Standard Bank of South Africa Limited

Date: 06-11-2025 04:59:00
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