AFRICA BITCOIN CORPORATION LIMITED - Resignation of Akshay Karan, Termination of Services Provided by Tatum Wheatley & Deferral of Aquis Admission & Placement

Resignation of Akshay Karan, Termination of Services Provided by Tatum Wheatley & Deferral of Aquis Admission & Placement

AFRICA BITCOIN CORPORATION LIMITED
(formerly Altvest Capital Limited)
Incorporated in the Republic of South Africa
(Registration Number: 2021/540736/06)
LEI Number: 37898OOE85B7YW5EEW57
JSE Main Board – General Segment
(“ABC” or the “Company”; together with its subsidiaries, the
“Group”)


 Share Class                      JSE and A2X      NSX Code          OTCQB            Deutsche         ISIN
                                  Codes                              Code             Börse Code

 Ordinary Shares                  BAC              BAN               AFBCF            4BC              ZAE000358925
 Preferred A Ordinary Shares      BACA             -                 -                -                ZAE000338422
 Preferred B Ordinary Shares      BACB             -                 -                -                ZAE000338430
 Preferred C Ordinary Shares      BACC             BANC              -                -                ZAE000338448



RESIGNATION OF AKSHAY KARAN, TERMINATION OF SERVICES PROVIDED BY TATUM WHEATLEY AND
DEFERRAL OF AQUIS ADMISSION AND PLACEMENT

Resignation of Akshay Karan and Termination of Services provided by Tatum Wheatley

Shareholders are referred to the announcement published on 1 September 2026 and 22 September 2026 and are
hereby advised that:

    -   Mr Akshay Karan, who was placed on precautionary leave of absence from his role as Chief Investment Officer
        (“CIO”) of the Group, has resigned as an employee and CIO of the Group, with effect from 1 October 2026.
    -   the consulting engagement through which Mrs Tatum Wheatley provided services to the Group has been
        terminated with effect from 25 October 2026.

The board of directors of the Company (the “Board”) has accepted Mr Karan’s resignation and Mrs Wheatley’s notice of
termination of her services.

Mr Karan’s and Mrs Wheatley’s reconsideration and related proceedings before the Financial Services Tribunal are
personal to them and continue independently of the Company.

Deferral of Aquis Admission and Placement

Shareholders are referred to the announcements published on 31 July 2026 and 14 August 2026, and are hereby
advised that the proposed admission to trading of ABC ordinary shares on the Access segment of the Aquis Growth
Market, together with the associated placing of ABC ordinary shares, have been deferred while the Company prioritises
the leadership changes and operational matters. The Company will update shareholders as appropriate.

With these leadership changes now being concluded, the Board remains focused on strengthening the Group’s
executive structure, maintaining operational continuity and positioning the business for its next phase of growth. Further
updates regarding the Group’s permanent leadership arrangements will be communicated in due course.

Johannesburg
1 October 2026

JSE Sponsor                                                NSX Sponsor
Questco Corporate Advisory                                 Cirrus Securities (Pty) Ltd
                                                           Member of the Namibia Securities Exchange
Date: 01/10/2026 02:15:00
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