This document (the “Business Plan”) has been prepared by Spice Route Kitchens (Pty) Ltd (the “Company”) to assist prospective equity investors and lenders in evaluating a possible participation in the funding of the Company. It does not constitute an offer, invitation or recommendation to subscribe for or purchase any securities, nor shall it form the basis of any contract or investment decision.

The financial projections are forward-looking. Headline revenue and EBITDA reflect the sponsor’s commercial projections and are preserved exactly. Everything beneath EBITDA, depreciation, South African corporate taxation and working capital, has been independently re-derived by the analyst on a stated set of assumptions; the balance sheet ties to zero in every year by construction and is machine-verified. Where the re-derivation surfaces material findings, these are disclosed transparently in Section 18 rather than smoothed. Actual results may differ materially. No representation or warranty is given as to accuracy or completeness.

By accepting this Business Plan, the recipient agrees to keep its contents confidential and to use it solely for the purpose stated above. Market statistics are directional estimates from public industry sources current to mid-2026 and should be re-verified in due diligence.