Fairvest increases share offering to R 1.25 billion

Fairvest increased its accelerated bookbuild to R 1.25 billion amid strong demand; the offering was oversubscribed. The offering will involve issuing 185,185,185 new B shares at 675 cents per share. The issue price represents a 2.7% discount to the 30-day volume-weighted average price of 694 cents per B share. Proceeds will settle outstanding purchase considerations for recent acquisitions and fund potential strategic retail acquisitions under negotiation. Listing and trading of the new B shares are expected to begin October 23, 2026, subject to JSE approval. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Fairvest Ltd. published the original content used to generate this news brief via SENS, the regulatory disclosure system operated by the Johannesburg Securities Exchange (JSE) (Ref. ID: S605064), on October 16, 2026, and is solely responsible for the information contained therein. (C)