IBS ENERGY Pty Ltd

IBS ENERGY Pty Ltd is established to develop, fund, manage and operate PV solar installations in South Africa.

IBS ENERGY Pty Ltd is a company developed and jointly owned by Directors from a group of experienced energy companies. The companies include IBS Crafts Pty Ltd, Mngadi Investments Pty Ltd,and Thari Energy Holdings Pty Ltd, all presented below. This page also includes a presentation of the three Directors in the IBS Energy company.

IBS Crafts Pty Ltd

IBS Crafts Pty Ltd is a BEE level 1 100% woman owned professional engineering company specializing in renewable energy, PV solar, electricity, water and construction with CIDB grade 6 EP, EB & CE certification. IBS Crafts was established in 2012. IBS Crafts has during the last decade achieved a turnover of R553 million. The company had a turnover of R114 million in 2024-2025. IBS Crafts has worked for key international organizations, development institutions such as IDC, PIC and DBSA, national ministries, and local municipalities such as City of Ekurhuleni and City of Tshwane. The head quarter is located in Houghton, Johannesburg, South Africa.

IBS Crafts (Pty) Ltd provide energy solutions through project development and consulting services to both the public and private sector. The company has specialized expertise in integrated farming and renewable energy developments and in biogas and CNG production. The company furthermore has extensive experience in renewable energy project finance. The company has been involved in the construction of 4 biogas facilities, 14 PPA IPP PV solar plants and 2 large-scale green agro-villages, installed more than 1,500 solar water heaters, 25,000 streetlights and 40,000 LED lights in municipal buildings, and undertaken more than 85 PV solar, biogas and similar technical and financial feasibility studies for a wide range of clients.

IBS Crafts aims to extend its PV solar footprint based on the 14 PPA IPP PV solar plants installed in cooperation with PIC in South Africa and Zambia. IBS Crafts focus on the development of PPA based PV solar installations, where IBS Crafts preferably has a majority stake in the installations. IBS Crafts is furthermore the owner (funded by IBS Crafts and local partner AquaSolar) of PPA PV solar projects in Zambia (ZESCO, Zambeef and Saro PPAs) and in cooperation with Blu Label Energy South Africa is planning wheeling and PV solar project for 2026.Within the PPA sector, IBS Crafts has a developed a 30 MW Gas-to-Power project in cooperation with City of Ekurhuleni, CEF, PetroSA, IBF Gas Holdings, CNPC, GIDZ and Impala Platinum which will be ready for implementation in 2026. IBS Craft is managed by Nondumiso Lusanda Laugesen and Carsten Hollaender Laugesen. The management team has established and have access to an excellent network of strong professionals in Southern Africa.

Nondumiso Lusanda Laugesen has been appointed Director for IBS ENERGY Pty Ltd.

Mngadi Investments Pty Ltd

Mngadi Investments Pty Ltd is a dynamic and forward-thinking South African energy development and investment company dedicated to powering the nation's growth and sustainability. Mngadi Investments specialize in the development, financing, construction, and operation of a diverse portfolio of power generation projects with the aim to becoming a leading contributor to a secure, reliable, and modernized energy grid for South Africa, bridging the critical energy gap while driving the transition towards a sustainable energy future. Mngadi Investments focus on becoming the partner of choice for energy security and innovation in South Africa, delivering transformative power solutions that fuel economic development and environmental stewardship Mngadi Investments develops, invests in, and operates a diversified portfolio of power generation assets, from renewable sources to cutting-edge transitional technologies, delivering reliable, affordable, and sustainable energy to the South African market.

The focus areas for Mngadi Investments includes Renewable Energy, in particular solar power through the development of utility-scale solar photovoltaic (PV) farms and commercial/industrial rooftop solutions, and wind power through the Identification and development of sites for onshore wind farms, leveraging high-wind regions to contribute significant capacity to the grid. Transitional & Baseload Power. Understanding the need for grid stability and dispatchable power, Mngadi Investments invest in modern fossil fuel technologies that serve as a crucial bridge to a greener future, and in Gas-to-Power projects through the development of efficient and flexible Liquefied Natural Gas (LNG) and Compressed Natural Gas (CNG) power plants to provide rapid-response, lower-emission baseload and peaking power. Future Technologies & Innovation. Mngadi Investments are at the forefront of next-generation energy solutions, positioning South Africa as a participant in the global energy innovation landscape. This includes Hydrogen Fuel Cell: Exploring and developing projects for stationary hydrogen fuel cell power generation for backup, primary power, and micro-grid applications, and Green Hydrogen: Investigating the long-term potential of green hydrogen production, leveraging our renewable energy expertise to create a clean fuel source for industry and transport.

Mngadi Investments is managed by Siyanda Mngadi. Mr Mngadi graduated from the University of the Witwatersrand with a Doctor of Philosophy (PhD) in Geophysics. Before establishing Mngadi Invetments, Mngadi was executive manager of energy and mining divisions for a mergers and acquisitions investment firm. Mngadi experiences further includes member of the Council for Geoscience (CGS) board, the chairperson of the technical committee, and member of finance committee, non-executive director for Anglo American Inyosi Coal (AAIC) and Inyosi Coal (IC), trustee of the Anglo Inyosi Coal Community Trust (AICCT), and investment analyst for an asset management firm.

Siyanda Mngadi has been appointed Director for IBS ENERGY Pty Ltd.

Thari Energy Holdings Pty Ltd

Thari Energy Holdings Pty Ltd is a 100% black-owned and majority women-owned green energy investment holding company dedicated to transforming Africa's energy landscape and a focus on powering Africa's sustainable future through strategic renewable energy investment through innovative renewable solutions. Thari Energy Holdings is an investment holding company strategically positioned at the intersection of renewable energy innovation and transformative capital deployment. Thari Energy Holdings specialize in identifying, acquiring, and managing high-impact renewable energy projects that drive both financial returns and sustainable development across the African continent.

The focus areas for Thari Energy Holdings includes Gas-to-Power Projects: Transitional energy solutions that reduce emissions while ensuring energy security Solar Energy Initiatives: Utility-scale and distributed solar installations leveraging Africa's abundant sunshine; Diversified Renewable Assets: Wind, biogas, and emerging clean energy technologies; and Energy Storage Solutions: Battery and grid stabilization projects that enhance reliability.

Thari Energy Holdings bring extensive board-level experience from healthcare, financial services, and community development sectors, ensuring robust oversight and ethical leadership. community impact. The company focus on Community-Centered approaches with deep commitment to projects that deliver both financial returns and measurable social impact, improving energy access and economic opportunities in underserved communities. Thari Energy Holdings combines financial expertise, governance excellence, and community advocacy to create sustainable value for investors while advancing Africa's clean energy transition. Thari Energy Holdings specialises in Identifying and acquiring high-potential renewable energy projects across gas-to-power, solar, wind, and emerging clean technologies with strong IRR profiles and development potential. Thari Energy Holdings focus on active Portfolio Management leveraging financial services expertise and governance experience to optimize project performance, secure strategic partnerships, and maximize stakeholder value; on delivering competitive financial returns while advancing energy access, job creation, and environmental stewardship; and executing disciplined exit strategies at optimal valuations and reinvesting capital into next-generation renewable projects that accelerate Africa's clean energy transformation.

Thari Energy Holdings is managed by Mothathe Sewelo and Dr. Mathatho Samuel Phalafala. Mothathe is specialist is a financial strategist specialist with global banking and financial services expertise. Mothathe currently heads Trade Finance and International Banking for Non-Bank Financial Institutions at a leading pan-African bank, driving growth across 10 African markets. As a Chartered Accountant and founder of A Seat At The Table (SATT), Mothathe champions youth and women's empowerment through strategic leadership development. Recognition: 2025 TransUnion Rising Star (Banking & Financial Services), 2024 SAICA 35 Under 35 Transformative Leader Finalist, 2025 One Young World. Mothathe Ambassador Board Roles includes Chairperson of SATT Board and Co-opted Member of GBVF Fund Audit and Risk Committee. Dr. Mathatho Samuel Phalafala is an accomplished General Medical Practitioner with over 25 years of experience in clinical practice, health systems management, and occupational medicine. Dr. Phalafala brings governance, marketing and community-driven leadership expertise to the Thari Energy Holdings renewable energy portfolio. Dr Phalafala’s qualifications include MPhil in HIV/AIDS Management (Stellenbosch), MBChB (MEDUNSA), Postgraduate Diploma in Occupational Medicine (UP), Certified Independent Medical Examiner (ABIME) Leadership Experience: Chairman of Mamelodi Hospital Board, Former Chairman of Sungardens Hospice Board, Board Member of Medical Parole Advisory Board (Dept. of Correctional Services).

Dr. Mathatho Samuel Phalafala has been appointed Director for IBS ENERGY Pty Ltd.