An anonymous director reports

HELIOS FAIRFAX PARTNERS CORPORATION PROVIDES UPDATE WITH RESPECT TO offER FOR CAB PAYMENTS HOLDINGS PLC

Further to announcements made on Feb. 2 and Feb. 12, 2026, with respect to possible offers made to the board of directors of CAB Payments Holdings PLC, a public company listed on the London Stock Exchange, Helios Fairfax Partners Corp. has noted that, as part of the Helios Consortium (as defined below), it will make a cash offer to acquire the entire issued and to be issued share capital of CAB Payments Holdings excluding CAB Payments shares already owned or controlled by Helios Investors III LP and Helios Investors III (A) LP (together, Helios Fund III).

The Helios Consortium is comprised of Helios Investors V LP and Helios Investors V (Mauritius) LP, Helios Fund III and Helios Fairfax. Helios Fund III owns or controls in aggregate 114,640,189 CAB Payments shares, representing approximately 45.11 per cent of CAB Payments' issued share capital.

The acquisition will be subject to the satisfaction or waiver of certain preconditions. Under the terms of the acquisition, each CAB Payments shareholder (other than Helios Fund III) will be entitled to receive $1.15 (U.S.) in cash for each CAB Payments share. Based on the cash offer, the acquisition values the entire issued and to be issued share capital of CAB Payments on a fully diluted basis at approximately $297-million (U.S.).

As a partial alternative to the cash offer, eligible CAB Payments shareholders may elect to receive for each CAB Payments share, one unlisted non-voting ordinary share in the capital of the special purpose vehicle bidco formed for the purposes of making the offer.

The maximum amount payable by Helios Fairfax under the offer is $75-million (U.S.) (the HFP equity investment). Helios Fairfax has entered into a bridge facility agreement with, inter alios, FirstRand Bank Ltd. (acting through its Rand Merchant Bank division) (RMB) to finance the HFP equity investment. Any amounts drawn under the bridge facility will automatically become amounts drawn under the senior secured revolving credit facility agreement dated March 3, 2022, as amended and restated from time to time, and as further amended and restated by a second amendment and restatement agreement dated and announced by Helios Fairfax on Feb. 20, 2026.

About Helios Fairfax Partners Corp.

Helios Fairfax is an investment holding company whose investment objective is to achieve long-term capital appreciation, while preserving capital, by investing in public and private equity securities and debt instruments in Africa and African businesses or other businesses with customers, suppliers or business primarily conducted in, or dependent on, Africa.

We seek Safe Harbor.