Coastal Africa Group — Extension of Subscription Payment

(LSE:CAGL) Coastal Africa Group has approved an extension for Coastal Executive Services Ltd to pay for 689,440 ordinary shares subscribed in the IPO. The new deadline for payment is 29 April 2027. As of 30 October 2026, £1,109,998.40 remained outstanding for these shares. Interest will accrue on the outstanding amount at a rate of 9% per annum from 9 August 2026 until payment is made. Coastal Executive Services Ltd is the legal owner of the subscribed shares and is a related party to the chief executive. The independent directors, after consulting the nominated adviser, have determined that the extension terms are fair and reasonable for shareholders. The extension applies specifically to the payment for the 689,440 ordinary shares. The interest calculation will begin on 9 August 2026 and continue until the full payment is received. The outstanding amount as of 30 October 2026 is £1,109,998.40. The interest rate applied is 9% per annum. The extension was approved by the board of Coastal Africa Group. The related party relationship involves the chief executive and the subscriber. The nominated adviser was consulted as part of the fairness assessment. The extension is intended to provide additional time for the subscriber to fulfill the payment obligation. The decision was made with consideration for the interests of all shareholders.