TitanCrete Readymix — Important Notice & Disclaimer

The important notice and disclaimer — the confidentiality, forward-looking-statements, no-offer and no-representation provisions governing the TitanCrete Readymix business plan and investment memorandum.

TitanCrete Readymix Business PlanSection 22 › Important Notice & Disclaimer

Section 22 · Business Plan

Important Notice & Disclaimer

The important notice and disclaimer — the confidentiality, forward-looking-statements, no-offer and no-representation provisions governing the TitanCrete Readymix business plan and investment memorandum.

This document has been prepared for information purposes only and is
strictly private and confidential. It does not constitute, and should
not be construed as, an offer to sell or a solicitation of an offer to
buy any securities, nor as investment, legal, tax, accounting or
financial advice. It is not a prospectus, listing particulars or any
other regulated offering document, and it has not been approved by any
regulatory authority.

The financial information contained herein comprises projections and
forward-looking statements that are based on assumptions about future
events. By their nature, forward-looking statements involve known and
unknown risks, uncertainties and other factors that may cause actual
results, performance or achievements to differ materially from those
expressed or implied. The projections preserve the sponsor’s headline
revenue and EBITDA assumptions while re-deriving profitability, coverage
and capital requirements on a conservative basis; even so, no
representation or warranty, express or implied, is given as to the
accuracy, completeness or achievability of any projection, estimate or
assumption.

Recipients should not rely on this document as the sole basis for any
investment or lending decision. Any such decision should be made only
after conducting independent due diligence and obtaining independent
professional advice appropriate to the recipient’s circumstances. This
includes, without limitation, independent verification of market data,
site control and environmental authorisations, cement-supply and
framework agreements, the financial model and its assumptions, the legal
and tax structure, and the management team’s capacity to execute.

Certain market, economic and industry data have been obtained from
third-party and public sources believed to be reliable as at mid-2026,
but their accuracy and completeness cannot be guaranteed and they have
not been independently verified. Neither the company, its directors, its
advisers nor the preparer of this document accepts any liability
whatsoever for any loss howsoever arising, directly or indirectly, from
the use of this document or its contents.

By accepting this document, the recipient agrees to keep its contents
confidential, not to reproduce or distribute it in whole or in part, and
to return or destroy it upon request. The distribution of this document
in certain jurisdictions may be restricted by law, and recipients are
required to inform themselves of, and to observe, any such
restrictions.

RISK FLAG — Independent due diligence is required — this
analysis does not replace it

This memorandum has been prepared with a deliberately conservative,
analyst-sceptical posture and flags where the sponsor’s assumptions are
aggressive. That posture is intended to inform, not to substitute for,
the recipient’s own independent due diligence and professional advice.
No party should circulate this document externally or act upon it
without such independent verification.

Confidential — this business plan is provided to prospective investors and lenders for evaluation purposes only and may not be reproduced or distributed without the written consent of TitanCrete Readymix South Africa (Pty) Ltd.