The Board of Directors of Omnicane Limited (‘Omnicane’) wishes to inform its shareholders and the public in general that it has, on 16 April 2025, entered into an in-principle agreement with UIL Asset Finance Ltd for the acquisition of the entire shareholding of SPICE Finance Ltd (the ‘Transaction’).

The Transaction is subject to the satisfaction of certain conditions precedent amongst which obtaining the approval of the relevant authorities, including the Bank of Mauritius.

SPICE Finance Ltd is a leading asset finance company in Mauritius and is licensed by the Bank of Mauritius and the Financial Services Commission.
This Transaction represents a significant step in Omnicane's diversification strategy, positioning the group for continued growth in the financial sector and expanding its revenue streams.

The Transaction qualifies as a disclosable transaction under Chapter 13 of the Listing Rules of the Stock Exchange of Mauritius.

The shareholders of Omnicane and the public are advised to exercise caution when dealing in the shares of Omnicane and will be kept informed of further developments.

By order of the Board

Omnicane Management and Consultancy Limited
Managers & Secretaries

16 April 2025

This Communiqué is issued pursuant to Listing Rule 11.3.
The Board of Directors of Omnicane Limited accepts full responsibility for the accuracy of the information contained in this Communiqué.