This business plan and investment memorandum (the “Document”) has been prepared by Canvas Crest Event Structures (Pty) Ltd (“Canvas Crest” or the “Company”) solely for the information of a limited number of prospective funders, including commercial lenders, development finance institutions and equity investors, to assist them in deciding whether to proceed with a further investigation of a potential investment in, or loan to, the Company. It does not constitute an offer to sell, or a solicitation of an offer to buy, securities in any jurisdiction.

The financial projections contained herein are forward-looking statements based on assumptions described in the financial plan and assumptions register. Forward-looking statements involve known and unknown risks and uncertainties, many of which are beyond the Company’s control, including demand seasonality, foreign exchange movements, fuel and import cost inflation, weather events and macroeconomic conditions in South Africa and the wider SADC region. Actual results may differ materially from those projected. No representation or warranty, express or implied, is made as to the accuracy or completeness of the information contained in this Document, and nothing herein shall be relied upon as a promise or representation as to the future performance of the Company.

Where this Document presents management’s headline revenue and EBITDA targets, these have been preserved as provided by the sponsor. All line items below EBITDA, including depreciation, interest, taxation and the resulting balance sheet and cash flow statements, have been independently re-derived by the preparing analyst on the assumptions stated, and material differences from the sponsor’s original summary figures are flagged transparently in analyst callout boxes throughout this Document. Readers should pay particular attention to these callouts: they identify funding-structure sensitivities, covenant pressure points and ramp-up losses that a diligence process would surface in any event.

This Document is confidential. By accepting delivery, 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. Recipients should conduct their own independent investigation and analysis of the Company and consult their own professional advisers as to legal, tax, accounting and related matters.