Important Notice & Confidentiality

This business plan and investment memorandum (the “document”) has been prepared by and on behalf of Vantage Social House (Pty) Ltd (“Vantage Social House”, “VSH” or “the Company”) solely for the purpose of assisting recipients in evaluating a potential investment in, or the provision of debt or equity financing to, the Company. It is provided on a strictly private and confidential basis.

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 on request. The information herein does not constitute an offer, invitation or solicitation to subscribe for or purchase any securities, and shall not form the basis of any contract.

This document contains forward-looking statements relating to the Company’s future prospects, developments and strategies. These reflect current expectations and are subject to risks, uncertainties and assumptions concerning, among other things, the South African macroeconomic environment, consumer demand, licensing and regulatory conditions, competitive dynamics and execution capability. Actual outcomes may differ materially from those expressed or implied.

The financial projections in this document warrant particular attention. The revenue and EBITDA trajectory presented is that of the Company’s sponsors. As set out in Sections 19 to 21, the Company’s independent analysis preserves the sponsor headline revenue and EBITDA but re-derives all items below EBITDA — depreciation, financing cost and taxation — on an arms-length basis. Where the analysis identifies matters that a lender or equity investor should weigh, these are surfaced openly in callout boxes throughout, rather than smoothed over. Prospective investors should form their own view and are advised to conduct independent due diligence and to take professional advice.

Financial figures are expressed in South African Rand (ZAR) and, unless otherwise stated, in millions. Totals may not cast precisely due to rounding.

Table of Contents

Important Notice & Confidentiality 2

1. Executive Summary 4

2. Company Overview 7

3. Vision, Mission & Strategic Objectives 7

4. Industry & Market Analysis 9

5. Consumer Trends & Competitive Landscape 12

6. SWOT, PESTLE & Competitive Forces 15

7. Business Model & Revenue Streams 17

8. Products, Venue Concept & Design 20

9. Technology & Digital Ecosystem 21

10. Franchise Expansion & Real Estate 23

11. Operations Framework 25

12. Marketing & Brand Strategy 26

13. Human Capital Strategy 26

14. ESG & Sustainability Framework 27

15. Implementation Roadmap 29

16. Financial Plan 31

17. Financing, Returns & Sensitivity 35

18. Risk Analysis & Mitigation 39

19. Investment Proposition & Exit 40

20. Conclusion 40

Appendices

Appendix A. Detailed Financial Schedules 42

Appendix B. Assumptions Register 44

Appendix C. Market Data Sources & Verification 44

Figures and tables are numbered and captioned in situ. Callout boxes — Key Finding, Analyst Flag, Note and Strength — carry the plan’s independent findings and are integral to its representations.