KCB Statement on Acquisition of Minority Stake in Pesapal

We are delighted to inform our shareholders and the investing public that KCB Group Plc (KCB) has, on 31 October 2025, entered into an agreement to acquire a minority stake in Pesapal Limited (Pesapal). Pesapal is a limited liability company licensed by the Central Bank of Kenya as a payment service provider.

The investment sets the stage for development of innovative payment and other related solutions for Kenya’s small and micro enterprises enhancing value for shareholders of both Pesapal and KCB.

The investment is subject to conditions that are customary to transactions of this nature, including receipt of regulatory approvals from the Central Bank of Kenya.

FOR AND ON BEHALF OF THE BOARD

Bonnie Okumu, Group General Counsel and Company Secretary, 31 October 2025