Cryostead Logistics — Exit Strategy

The Company has identified three credible exit pathways for equity investors, providing flexibility to optimise returns based on prevailing market conditions:

Cryostead Logistics (Pty) Ltd Business PlanSection 15 › Exit Strategy

Section 15 · Business Plan

Exit Strategy

The Company has identified three credible exit pathways for equity investors, providing flexibility to optimise returns based on prevailing market conditions:

The Company has identified three credible exit pathways for equity investors, providing flexibility to optimise returns based on prevailing market conditions:

15.1 Strategic Sale

Sale to a larger logistics conglomerate (such as Imperial Logistics, Barloworld, or an international cold chain operator) seeking to acquire established cold chain capacity in the high-growth South African and SADC markets. This is the most likely exit route and would typically command a valuation of 7x to 10x EBITDA. Target timeline: Year 5 to 7.

15.2 Infrastructure Fund Acquisition

Sale to a dedicated infrastructure fund or pension fund seeking stable, inflation-linked returns from essential service assets. Cold storage facilities are increasingly recognised as a distinct infrastructure asset class with attractive risk-return characteristics. Target timeline: Year 6 to 8.

15.3 REIT-Style Listing

In the longer term, the Company could pursue a listing on the JSE as a specialised REIT or logistics property fund, particularly if the portfolio has been expanded to include multiple facilities. This pathway would provide ongoing liquidity for shareholders while maintaining access to capital markets for future growth. Target timeline: Year 8 to 10.

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