Nampak Zimbabwe sale to TSL Limited terminated by mutual agreement

Nampak Limited (JSE:NPK) has announced the termination of its proposed transaction to dispose of a 51.43% shareholding in Nampak Zimbabwe Limited to TSL Limited. The initial announcement of this proposed disposal, for a maximum purchase consideration of $25,000,000, was made on SENS on October 22, 2024.

TSL Limited informed Nampak that, despite a successful due diligence and competition authority approval process, circumstances have changed, leading to their decision to withdraw from the proposed transaction. Nampak has agreed to this withdrawal.

Nampak reaffirmed its commitment to its strategic plan to dispose of its Zimbabwean asset on commercially acceptable terms. The announcement was made from Bryanston on September 16, 2025.