LABAT AFRICA LIMITED - Labat Africa Enters Into ZAR 2.5 Billion Strategic Royalty Distribution Agreement With Ubits Technology Solutions

Labat Africa Enters Into ZAR 2.5 Billion Strategic Royalty Distribution Agreement With Ubits Technology Solutions

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


Labat Africa enters into ZAR 2.5 Billion Strategic Royalty Distribution Agreement with Ubits
Technology Solutions




We are pleased to inform you of a significant development that will further enhance Labat's growth
trajectory in the technology and AI sectors. As referenced in the SENS announcements of 20
November 2024 and 4 March 2025, Labat successfully completed the acquisitions of 75.55% of Classic
International and 51% of Anahmu Investments. These acquisitions were pivotal in strengthening
Labat's position in the rapidly evolving technology sector, particularly within AI and cutting-edge
innovations.

In line with this strategic growth and the new Journey of Labat, we are excited to announce that
Labat has entered into a landmark R2.5 billion royalty distribution agreement with one of the leading
FinTech companies. This esteemed partner specializes in providing turnkey ICT solutions to the global
banking and financial sector, a field that is rapidly transforming with the integration of advanced
technologies.

We look forward to updating you on the ongoing progress of this exciting development, as it marks
another significant milestone in Labat's evolution

Ubits adds significant value across the ICT value spectrum with bespoke solutions and ceaseless work
ethics to their blue chip client base. Ubits Technology Solutions excels in delivering transformative
technology services.

From strategic Infrastructure Design and Implementation that aligns with business goals to advancing
Digital Transformation and Consulting that modernizes operations—we pave the way for smart,
connected communities and efficient operations.

Our commitment to Cybersecurity and Compliance ensures robust protection for your digital assets,
while our Innovative Solutions leverage IoT and Renewable Energy to drive operational excellence.
In software development, we craft customized applications and fintech and core banking platform
knows as Payflo. With cloud solutions and Agile Project Management, we offer scalable
infrastructures and adaptable project delivery. Central to our offerings is the technology services
catalogue, providing a clear guide to our extensive services, enabling businesses to thrive in a digital-
first world.

In terms of the Royalty Agreement concluded between the parties Labat will service Ubit prestigious
clients with their solutions on all systems and ICT solutions. Ubits has committed a five year terms with
Labat via the Tri- Partite agreement Including Classic and Ahnamu. This agreement is expected to
generate substantial value for Labat and its shareholders, contributing significantly to our long-term
vision in the financial and technology sectors.
It further solidifies Labat's commitment to leveraging innovative solutions and leading-edge
partnerships to create value and drive sustainable growth.

The territory for the resale of Products will be defined as Africa and more specifically the SADC
region, Labat will thus have the opportunity to service a sustainable and highly lucrative client base
under the auspices of Ubits technology.

The Strategic Partnership further entrenches Labat's technology segment as a major player in the
ever-growing ICT sector




JOHANNESBURG
26 March 2025

JSE Sponsor
Vunani Sponsors

Date: 26-03-2025 03:36:00
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