Congratulations, Prof. Nkandu Luo! 🇿🇲👏 Financial Insight proudly celebrates Prof. Nkandu Luo on being named among the recipients of the 2026 DFAPH Awards, the highest honour of the Pan-African Academy of Public Health. The award recognises sustained achievement that has strengthened health systems, advanced African science and protected communities from disease. A fitting tribute to a career of pioneering scientific work, public health leadership and service to Zambia and the continent. Zambia is proud. Africa is stronger for your contribution. Well done, Professor! #DFAPH2026 #PublicHealth #Zambia #Get2know #FinancialInsight #mediamachine

FOR IMMEDIATE RELEASE Monday, 26 October 2026 𝐅𝐫𝐨𝐦 𝐭𝐡𝐞 𝐎𝐟𝐟𝐢𝐜𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐌𝐚𝐧𝐚𝐠𝐢𝐧𝐠 𝐃𝐢𝐫𝐞𝐜𝐭𝐨𝐫, 𝐎𝐧𝐞𝐒𝐪𝐮𝐚𝐫𝐞𝐊 𝐏𝐫𝐨𝐩𝐞𝐫𝐭𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭 𝐏𝐥𝐜 𝐎𝐧𝐞𝐒𝐪𝐮𝐚𝐫𝐞𝐊 𝐏𝐫𝐨𝐩𝐞𝐫𝐭𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭 𝐏𝐥𝐜 𝐎𝐩𝐞𝐧𝐬 𝐏𝐮𝐛𝐥𝐢𝐜 𝐒𝐡𝐚𝐫𝐞 𝐎𝐟𝐟𝐞𝐫 𝐀𝐡𝐞𝐚𝐝 𝐨𝐟 𝐋𝐮𝐒𝐄 𝐀𝐥𝐭-𝐌 𝐋𝐢𝐬𝐭𝐢𝐧𝐠 LUSAKA, ZAMBIA — @OneSquareK1 Property Development Plc (“OSK”) today opened its public offer of ordinary shares at a bell-ringing ceremony in Lusaka, ahead of its intended listing on the Lusaka Securities Exchange Plc Alternative Market (LuSE Alt-M). Prof. Albert Malama, Permanent Secretary of the Ministry of Infrastructure, Housing and Urban Development, was the Guest of Honour and officially declared the offer open. The ceremony was attended by representatives of the Securities and Exchange Commission, the Lusaka Securities Exchange (LuSE) and Money Acumen Advisory Limited, OSK’s Designated Adviser and Sponsoring Broker. The offer opened on Monday, 26 October 2026 and closes on Monday, 16 November 2026. It is an offer for sale of 980,000 existing ordinary shares by the selling shareholders, Mr. Mafipe Chunga and Ms. Kupela Clarke, representing 49 percent of the issued share capital, at a price of ZMW 12.76 per share, for a gross offer value of ZMW 12,504,800. The minimum application is 200 shares (ZMW 2,552). No new shares are being issued and OSK will not receive any proceeds from the offer. In the event of oversubscription, preference in allotment will be given to the Zambian public and Zambian institutional investors. Allotment and settlement are scheduled for 23 November 2026, and trading on the LuSE Alt-M is scheduled to begin on 25 November 2026, implying a market capitalization of ZMW 25.52 million at listing. OSK provides rental accommodation for young professionals, early-career workers and students in Lusaka. Its only asset is OSK Kalingalinga, a completed and fully tenanted development of 31 studio apartments, located one kilometre from East Park Mall and within a 3 km radius of 12 colleges and universities. OSK is 100 percent equity-financed and, as at the date of the Prospectus, has no bank borrowings, shareholder loans or lease liabilities. OSK recorded a net profit margin of 52.1 percent in 2025, compared with 86.6 percent in 2024. Revenue declined by 21.4 percent in 2025 following the move from US dollar to Kwacha invoicing and the Bank of Zambia Currency Directives of December 2025, and rents were repriced upward by an average of 30 percent in February 2026. Between listing and a planned conversion to a Real Estate Investment Trust (REIT), OSK intends to distribute approximately 40 percent of distributable profits as dividends. The selling shareholders intend to apply the net proceeds of the offer to two new developments: a building on Chilumbulu Road, Lusaka, which is under construction and expected to be completed in July 2027, and a second building in New Chilenje, with construction targeted to start in August 2027. Each completed building is to be transferred to OSK at or close to cost, as certified by an independent quantity surveyor, and funded through a rights issue. Speaking at the ceremony, Prof. Malama said: “Through the Lusaka Securities Exchange, OSK is demonstrating that the capital market can provide an alternative financing channel through which property developers mobilise long-term investment capital to support their growth.” “A Zambian does not necessarily need to own an entire building to participate in the economic value created by property development. Through share ownership, citizens can become investors in the companies that develop and manage these assets.” Prof. Malama encouraged prospective investors to “study the prospectus carefully, understand the opportunities and associated risks, and seek appropriate professional investment advice before making your decisions.” Mr. Nicholas Kabaso, Chief Executive Officer of the Lusaka Securities Exchange, said OSK is the second company to pursue a listing on the Alternative Market in its renewed phase of development, following DotCom Zambia in December 2025, and the first residential property development company to seek to raise capital through this segment of the Exchange. He said the listing “sends a powerful message to other entrepreneurs and growing businesses across Zambia: the capital market is not reserved for large, established corporations. It is also a place for ambitious businesses with credible growth strategies and the willingness to embrace transparency, accountability and public ownership.” “Zambia’s development ambitions must increasingly become opportunities in which Zambians themselves can invest and participate.” Ms. Lyapa Mpempulwa, Chief Executive Officer and Co-Managing Partner of @money_acumen Advisory Ltd, described the principle on which OSK is built and cautioned investors on risk: “It is an owner-operator that holds its assets and takes an over 30-year view of every building. When you keep the asset, quality becomes a source of return rather than a cost.” “Every investment carries risk, and the Alt-M carries more than the Main Board. The pipeline, the earnings trajectory and the REIT conversion all depend on execution, market conditions and regulatory approval. We encourage every investor to read the prospectus in full, including the risk factors, and to take professional advice before subscribing.” The Prospectus and Application Form are available on the Money Acumen Advisory and OneSquareK websites. Investors may lodge applications through their stockbrokers or directly with Money Acumen Advisory Limited, the Receiving Agent. Applicants should read the Prospectus in full, including the risk factors, before applying. The Prospectus was approved by the Securities and Exchange Commission of Zambia on 23 September 2026 and by the Lusaka Securities Exchange on 21 October 2026. Neither body has verified the accuracy or completeness of the Prospectus. Admission of the shares to the LuSE Alt-M and the commencement of trading remain subject to LuSE admission requirements, and all dates are indicative. ENDS Media and Investor Contact Details Money Acumen Advisory Limited Plot Number 109B, Fir Road, Woodlands, Lusaka, Zambia Investor enquiries: [email protected] +260 978966105 OneSquareK Property Development Plc No 56 Kapeshi Road, Kalingalinga, Lusaka, Zambia [email protected]

"A ZAMBIAN DOES NOT NEED TO OWN AN ENTIRE BUILDING TO PARTICIPATE IN PROPERTY WEALTH" "Housing is much more than the provision of shelter. It is a foundation for human dignity, economic opportunity, social stability, and sustainable national development." Officiating as Guest of Honour at AfricaWorks in Agora Village, the Permanent Secretary at the Ministry of Infrastructure, Housing and Urban Development, Mr Albert Malama, formally declared open the Initial Public Offer (IPO) of @OneSquareK1 Property Development Plc ahead of its admission to the LuSE Alternative Market. Addressing the nation’s pressing housing deficit, Mr Malama pointed out that traditional bank financing can no longer independently meet the scale of capital required to build modern communities. Commending the company for breaking away from the restrictive local culture of operating in private isolation, Mr Malama affirmed that the capital market provides a critical pathway for developers to mobilise patient, long-term equity, whilst calling on the Lusaka Securities Exchange and the SEC to collaborate with the Ministry to bring more construction and infrastructure issuers to the exchange. Highlighting the democratising impact of the listing, Mr Malama stressed that meaningful economic transformation must directly empower citizens to share in national wealth generation without needing substantial fortunes upfront. "A Zambian does not necessarily need to own an entire building to participate in the economic value created by property; through share ownership, citizens become investors," noted Mr Malama, pledging government's commitment to creating an enabling environment where Zambian enterprise and public prosperity thrive side by side. @LuSE_Plc @money_acumen #IPO #OneSquareK #CapitalMarkets #PropertyInvestment #FinancialInsight #Get2Know

CAPITAL MARKETS ASSOCIATION: "AN IPO IS A STATEMENT OF AMBITION" "An initial public offering is much more than a fundraising exercise. It is a statement of ambition, a commitment to transparency and accountability, and an invitation for the public to participate in a company’s growth." With those words at AfricaWorks in Agora Village, Capital Markets Association of Zambia (CMAZ) President Mr Elijah Kabaso welcomed One Square K Property Development Plc to the LuSE Alternative Market. Highlighting the rigorous regulatory hoops navigated to reach this milestone, Kabaso stressed that listings provide growing enterprises with patient, non-debt capital to expand tangible projects—such as upcoming residential developments in Chilenje. He noted that deepening Zambia's capital market mobilises domestic savings into high-quality, income-generating assets whilst instilling a wider culture of corporate governance. Emphasising that market growth ultimately depends on investor trust, Kabaso urged prospective investors to study approved disclosures carefully to align opportunities with their financial goals. Reaffirming CMAZ’s mission to champion market participants and promote financial literacy, he commended One Square K for pioneering public participation in Zambia's residential property sector. #IPO #OneSquareK #CapitalMarkets #PropertyInvestment #FinancialInsight #Get2Know

One Square K’s successful listing marks a major milestone for Zambia’s alternative market. By embracing public standards, they unlock new growth opportunities while proving the vital role capital markets play in fueling enterprise and job creation. #Zambia #CapitalMarkets

LUSE RINGS THE BELL: "DO NOT LET FINANCING CONSTRAINTS LIMIT YOUR AMBITION" The ceremonial bell echoed across AfricaWorks in Agora Village today, signaling a watershed milestone for Zambian capital markets: One Square K Property Development Plc has officially opened its doors to public investors as only the second listing on the LuSE Alternative Market and the exchange’s first-ever residential property issuer. "Most of us understand housing because we live in it," noted LuSE Chief Executive Officer Mr. Nicholas Kabaso, pointing out why residential real estate offers an intuitive, accessible bridge for everyday retail investors. Demystifying the stock exchange, Kabaso underscored that capital markets are no longer a private playground reserved for blue-chip multinationals, but an agile, transparent launchpad built to help growing Zambian enterprises scale with patient, long-term equity rather than punishing bank debt. Rallying behind the national "Grow Zambia" vision, Kabaso challenged entrepreneurs and wealth builders across the country to dream bigger: "Do not let the limitations of your current financing structure become the limitations of your ambition." As public subscriptions begin to flow, the listing marks a collective step toward an economy where local enterprises flourish and Zambian prosperity is created and shared by Zambians. @LuSE_Plc @OneSquareK1 #IPO #OneSquareK #CapitalMarkets #PropertyInvestment #FinancialInsight #Get2Know

𝐎𝐍𝐂𝐄 𝐈𝐍 𝐀 𝐋𝐈𝐅𝐄𝐓𝐈𝐌𝐄: 𝐌𝐎𝐍𝐄𝐘 𝐀𝐂𝐔𝐌𝐄𝐍 𝐎𝐏𝐄𝐍𝐒 𝐎𝐍𝐄 𝐒𝐐𝐔𝐀𝐑𝐄 𝐊'𝐒 𝐏𝐔𝐁𝐋𝐈𝐂 𝐎𝐅𝐅𝐄𝐑 Speaking at AfricaWorks, @AgoraVillage in Lusaka, Ms. Lyapa Mpempulwa, Chief Executive Officer of Money Acumen Advisory Ltd, officially opened the Initial Public Offer (IPO) of @OneSquareK1 Property Development Plc on the LuSE Alternative Market. Emphasising the theme "Once in a Lifetime," she highlighted that while companies return to capital markets many times over their lifespan, the public has only one moment to enter a corporate journey at the exact same point as the founders. Backing the offering is an innovative, debt-free investment case tailored to address Zambia’s national housing deficit of more than 1.5 million units. Led by chartered accountant and former KPMG Head of Advisory Mr. Mafipe Chungu, One Square K rejects the short-term build-to-sell model in favor of a 30-year owner-operator approach, proving its concept through a fully tenanted, debt-free maiden development with a waiting list of over 200 prospective tenants. The transaction sets a high bar for governance and investor alignment: the CEO will draw a salary of just one kwacha, ensuring executive remuneration is tied exclusively to dividends alongside public shareholders. With 980,000 shares on offer at K12.76 per share and an accessible minimum application of K2,552 (200 shares), the public offer is officially open and closes on Monday, 16 November 2026. #IPO #OneSquareK #CapitalMarkets #PropertyInvestment #FinancialInsight #Get2Know

Mr. Mafipe Chungu CEO of @OneSquareK1 Property Development Plc this morning at Africaworks, Agora Village addressed dignitaries and investors at the opening of their Initial Public Offer on the LuSE Alternative Market. 💬 “11 years ago, my wife and I sat over our kitchen table discussing our future. Everybody in employment thinks of the same thing: You wake up at midpoint and ask, ‘This will come to an end, what will I do next?’” After past business ventures failed because managers had zero personal capital invested, they pivoted to solve their own problem: young professionals in Lusaka need affordable, semi-managed accommodation near the office without maintenance headaches. 🔑 𝐓𝐡𝐞 𝐑𝐨𝐚𝐝 𝐭𝐨 𝐭𝐡𝐞 𝐈𝐏𝐎: • 40+ sites inspected over 2 years • Mortgages rejected 3 times • Backed by Zambia’s demographics (over 50% youth population with almost zero managed housing supply) • Scaled from 14 private partners in the "G1" syndicate to an official public offering 🎙️ “We’re not trying to sell you anything. We have identified a model that works. Join us.” 📊 Lead transaction advisors Money Acumen Advisory Ltd #Zambia #LusakaProperty #OneSquareK #InvestingInAfrica #RealEstateIPO #FinancialInsight #Get2Know