BoM Green Light for Omnicane's Acquisition of SPICE Finance

The Bank of Mauritius granted approval on October 22, 2025, for Omnicane to acquire SPICE Finance Ltd, marking a key step in the group's diversification strategy into the financial sector. According to the board of directors of Omnicane Limited, the Bank of Mauritius (BoM) has given its preliminary approval for the acquisition of all shares of SPICE Finance Ltd by its subsidiary, Omnicane Management & Consultancy Limited. This decision is a crucial milestone in finalizing the transaction initiated earlier this year.

However, the operation remains subject to the satisfaction of various regulatory requirements, including obtaining approvals from all relevant authorities. Omnicane has stated that its shareholders and the public will be kept informed of the developments regarding the transaction.

This acquisition aligns with the group's diversification strategy, historically active in the energy and agro-industry sectors. By entering the financial sector, Omnicane aims to expand its operations and strengthen its presence in new economic segments.

The acquisition process began on April 16, 2025, when Omnicane reached a preliminary agreement with UIL Asset Finance Ltd for the purchase of its subsidiary, SPICE Finance Ltd. This initial agreement was followed by a share purchase agreement signed on June 3, 2025, formalizing the parties' intentions.

SPICE Finance Ltd is a Mauritian company specialized in asset financing, licensed by the Bank of Mauritius and the Financial Services Commission (FSC). Its integration into the Omnicane group is expected to provide the latter with access to a new range of financial activities and broaden its revenue sources.

In accordance with the listing rules of the Stock Exchange of Mauritius, this operation is considered a transaction that requires disclosure under Chapter 13. Omnicane is committed to providing any relevant updates as the approval process progresses.