COMMUNIQUÉ – 8th September 2021

The Board of Lavastone Ltd (‘Lavastone’) wishes to inform its shareholders and the public that it has been advised on 06 September 2021 of the firm intention of Kingston Asset Management Ltd (the ‘Offeror’) to make a mandatory offer (‘Mandatory Offer’) to the shareholders of Lavastone to acquire all the voting shares, not already held by the Offeror at a price of Rs 1.76 per share (the ‘Offer Price’).

By order of the Board
Cim Administrators Ltd
Company Secretary

08 September 2021