Clisto Holdings Expands Strategic Interests Across Selected Portfolio Companies

Clisto Holdings is pleased to provide a strategic update to stakeholders regarding the group's portfolio development activities during the 2023 financial year.

Over this period, the group has taken deliberate steps to expand and deepen its strategic interests across a selection of businesses that the group identifies as core to its long-term investment thesis. This expansion has been executed through a combination of new minority stake acquisitions and the progressive increase of existing shareholding positions.

Approach to Strategic Expansion

Clisto Holdings evaluates new and existing investment opportunities against a consistent set of criteria: management quality, sector durability, competitive positioning, and the extent to which the group can add value beyond capital alone. The businesses selected for increased strategic interest in this period meet these criteria across all dimensions.

The group does not pursue volume in its portfolio. Clisto Holdings' strategy is built around concentration in quality — a smaller number of deeply understood businesses where the group can be a credible, long-term, value-adding shareholder.

Sector Focus Areas

During 2023, the group's primary focus areas for portfolio expansion have included:

• Property Development — supporting early-stage and growth-phase property businesses with clear positioning in premium and mixed-use development.
• Technology and Automation — taking positions in businesses delivering intelligent infrastructure solutions with demonstrable demand from the premium commercial and residential markets.
• Financial Services — maintaining and selectively increasing positions in established financial services businesses with strong fundamentals and continental growth exposure.

Group Positioning

These moves are consistent with Clisto Holdings' view that the most attractive returns in the South African and broader African market will accrue to patient, well-capitalised investors who are willing to build positions in quality businesses over time, rather than trade in and out of short-cycle opportunities.

The group will continue to provide updates as material developments occur across its portfolio. Stakeholders seeking further detail on specific transactions or positions are encouraged to engage through the group's official communication channels.