COMMUNIQUÉ – 15th February 2021

Further to the communiqués issued on 27 November 2019 and 10 July 2020, the Board of Directors of Lavastone Ltd (the “Company”) is pleased to announce that, following the approval of the shareholders of the Company pursuant to Rule 4(3) of the Securities (Preferential Offer) Rules 2017 issued by the Financial Services Commission, the Company has successfully raised MUR 1.5 billion under the secured notes programme (the “Notes”) by way of a private placement.

By order of the Board
Cim Administrators Ltd
Company Secretary

15 February 2021