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SENS

Overview Reports SENS Calendar

Stock Exchange News Service (SENS)

Access to all KAL Group company announcements such as mergers, take-overs, rights offers, capital issues, cautionaries - all of which have a direct impact on the movement in the market. SENS announcements will only be delayed 15 minutes after being released by the JSE.

                            
                            
                            Acceptance of Awards under KAL’s Long-Term Incentive Plan

KAL GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2011/113185/06)
Share code: KAL
ISIN: ZAE000244711
("KAL" or "the Company")

ACCEPTANCE OF AWARDS UNDER KAL'S LONG-TERM INCENTIVE PLAN

In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the
following information regarding the deemed acceptance of awards granted under the
KAL long-term incentive plan ("LTIP") is disclosed:

NAMES OF DIRECTORS S Walsh (1)
GW Sim (2)
DC Gempies (3)
HJ Smit (4)
T Sulaiman-Bray (5)
A Abeln (6)
LJ Abrams (7)

COMPANIES OF WHICH DIRECTORS KAL (1) – (2)
Agrimark Operations Limited (1) – (6)
(a major subsidiary of KAL)
("Agrimark")
PEG Retail Holdings (Pty) Ltd (1)(2)(5)(7)
(a major subsidiary of KAL)
("PEG")

STATUS: EXECUTIVE/NON-EXECUTIVE Executive directors of KAL (1) – (2)
Executive directors of Agrimark (1) – (6)
Executive director of PEG (7)
Non-executive directors of PEG (1)(2)(5)

TYPE AND CLASS OF SECURITIES Options awarded under the (1) – (7)
LTIP to acquire ordinary
shares

NATURE OF TRANSACTION Acceptance of award of (1) – (7)
options to acquire
ordinary shares in terms
of the LTIP
(off-market transaction)

DATE OF AWARD OF OPTIONS 24 May 2025 (1) – (7)

DATE OF ACCEPTANCE OF OPTIONS 24 May 2025 (1) – (7)

PRICE AT WHICH OPTIONS AWARDED Nil cost (1) – (7)
NUMBER OF OPTIONS ACCEPTED 292 465 (1)
153 748 (2)
95 837 (3)
100 592 (4)
84 716 (5)
129 508 (6)
112 961 (7)

DEEMED TOTAL RAND VALUE OF R11 493 874.50 (1)
OPTIONS ACCEPTED, BASED ON THE R 6 042 296.40 (2)
COMPANY'S CLOSING SHARE PRICE ON R 3 766 394.10 (3)
23 MAY 2025, BEING R39.30. R 3 953 265.60 (4)
R 3 329 338.80 (5)
R 5 089 664.40 (6)
R 4 439 367.30 (7)

VESTING DATES OF OPTIONS Vesting in tranches of (1) – (7)
25% each on the later of:

• the 2nd, 3rd, 4th and 5th anniversary of
the date of award; and
• to the extent applicable, the date on
which the remuneration committee
determines that the performance
condition(s) has been met; and
• to the extent applicable, any other
conditions imposed have been satisfied

SETTLEMENT PERIOD Settlement in respect of (1) – (7)
the options to occur within
30 days of the applicable
vesting date

NATURE AND EXTENT OF INTEREST IN Direct, beneficial (1) – (7)
THE TRANSACTION

Clearance for the above was obtained in terms of paragraph 3.66 of the JSE Limited Listings
Requirements.

Paarl
26 May 2025

Sponsor
PSG Capital

Date: 26-05-2025 11:11:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
                            
                            
                            Settlement of Awards under KAL Group’s Long-Term Incentive Plan

KAL GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2011/113185/06)
ISIN: ZAE000244711
Share code: KAL
("KAL Group")

SETTLEMENT OF AWARDS UNDER KAL GROUP'S LONG-TERM INCENTIVE PLAN

In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the
following information regarding the vesting, automatic exercise and after-tax net-equity
settlement of awards in terms of the KAL Group Long-term Incentive Plan ("LTIP"), is disclosed:

1.
NAME OF DIRECTOR S Walsh

COMPANY OF WHICH A DIRECTOR KAL Group

STATUS: EXECUTIVE/NON-EXECUTIVE Executive

TYPE AND CLASS OF SECURITIES Nil-cost options ("NCOs") in relation to
ordinary shares

NATURE OF TRANSACTION Vesting, automatic exercise and after-tax
net-equity settlement of NCOs, resulting
in the delivery of ordinary shares to a
participant under the LTIP
(off-market transaction)

TRANSACTION DATE 24 May 2025
(VESTING AND EXERCISE)

SETTLEMENT DATE 26 May 2025

NUMBER OF NCOs VESTED 14 923

TOTAL VALUE OF NCOs VESTED R589 800.32, based on a deemed value
of R39.52 per NCO

NUMBER OF ORDINARY SHARES 8 207
RECEIVED (POST-TAX NET EQUITY
SETTLEMENT)

NATURE AND EXTENT OF INTEREST IN Direct, beneficial
THE TRANSACTION

2.
NAME OF DIRECTOR GW Sim

COMPANY OF WHICH A DIRECTOR KAL Group

STATUS: EXECUTIVE/NON-EXECUTIVE Executive
TYPE AND CLASS OF SECURITIES NCOs in relation to ordinary shares

NATURE OF TRANSACTION Vesting, automatic exercise and after-tax
net-equity settlement of NCOs, resulting
in the delivery of ordinary shares to a
participant under the LTIP
(off-market transaction)

TRANSACTION DATE 24 May 2025
(VESTING AND EXERCISE)

SETTLEMENT DATE 26 May 2025

NUMBER OF NCOs VESTED 7 803

TOTAL VALUE OF NCOs VESTED R308 408.46, based on a deemed value
of R39.52 per NCO

NUMBER OF ORDINARY SHARES 4 291
RECEIVED (POST-TAX NET EQUITY
SETTLEMENT)

NATURE AND EXTENT OF INTEREST IN Direct, beneficial
THE TRANSACTION

3.
NAME OF DIRECTOR DC Gempies

COMPANY OF WHICH A DIRECTOR Agrimark Operations Limited
(a major subsidiary of KAL Group)

STATUS: EXECUTIVE/NON-EXECUTIVE Executive

TYPE AND CLASS OF SECURITIES NCOs in relation to ordinary shares

NATURE OF TRANSACTION Vesting, automatic exercise and after-tax
net-equity settlement of NCOs, resulting
in the delivery of ordinary shares to a
participant under the LTIP
(off-market transaction)

TRANSACTION DATE 24 May 2025
(VESTING AND EXERCISE)

SETTLEMENT DATE 26 May 2025

NUMBER OF NCOs VESTED 4 876

TOTAL VALUE OF NCOs VESTED R192 702.23, based on a deemed value
of R39.52 per NCO

NUMBER OF ORDINARY SHARES 2 681
RECEIVED (POST-TAX NET EQUITY
SETTLEMENT)

NATURE AND EXTENT OF INTEREST IN Direct, beneficial
THE TRANSACTION

4.
NAME OF DIRECTOR H Smit

COMPANY OF WHICH A DIRECTOR Agrimark Operations Limited
(a major subsidiary of KAL Group)

STATUS: EXECUTIVE/NON-EXECUTIVE Executive

TYPE AND CLASS OF SECURITIES NCOs in relation to ordinary shares

NATURE OF TRANSACTION Vesting, automatic exercise and after-tax
net-equity settlement of NCOs, resulting
in the delivery of ordinary shares to a
participant under the LTIP
(off-market transaction)

TRANSACTION DATE 24 May 2025
(VESTING AND EXERCISE)

SETTLEMENT DATE 26 May 2025

NUMBER OF NCOs VESTED 5 046

TOTAL VALUE OF NCOs VESTED R199 423.90, based on a deemed value
of R39.52 per NCO

NUMBER OF ORDINARY SHARES 2 775
RECEIVED (POST-TAX NET EQUITY
SETTLEMENT)

NATURE AND EXTENT OF INTEREST IN Direct, beneficial
THE TRANSACTION

5.
NAME OF DIRECTOR T Sulaiman-Bray

COMPANY OF WHICH A DIRECTOR Agrimark Operations Limited
(a major subsidiary of KAL Group)

STATUS: EXECUTIVE/NON-EXECUTIVE Executive

TYPE AND CLASS OF SECURITIES NCOs in relation to ordinary shares

NATURE OF TRANSACTION Vesting, automatic exercise and after-tax
net-equity settlement of NCOs, resulting
in the delivery of ordinary shares to a
participant under the LTIP
(off-market transaction)

TRANSACTION DATE 24 May 2025
(VESTING AND EXERCISE)

SETTLEMENT DATE 26 May 2025

NUMBER OF NCOs VESTED 4 249

TOTAL VALUE OF NCOs VESTED R167 946.40, based on a deemed value
of R39.52 per NCO

NUMBER OF ORDINARY SHARES 2 337
RECEIVED (POST-TAX NET EQUITY
SETTLEMENT)

NATURE AND EXTENT OF INTEREST IN Direct, beneficial
THE TRANSACTION

6.
NAME OF DIRECTOR AC Abeln

COMPANY OF WHICH A DIRECTOR Agrimark Operations Limited
(a major subsidiary of KAL Group)

STATUS: EXECUTIVE/NON-EXECUTIVE Executive

TYPE AND CLASS OF SECURITIES NCOs in relation to ordinary shares

NATURE OF TRANSACTION Vesting, automatic exercise and after-tax
net-equity settlement of NCOs, resulting
in the delivery of ordinary shares to a
participant under the LTIP
(off-market transaction)

TRANSACTION DATE 24 May 2025
(VESTING AND EXERCISE)

SETTLEMENT DATE 26 May 2025

NUMBER OF NCOs VESTED 6 236

TOTAL VALUE OF NCOs VESTED R246 458.25, based on a deemed value
of R39.52 per NCO

NUMBER OF ORDINARY SHARES 3 429
RECEIVED (POST-TAX NET EQUITY
SETTLEMENT)

NATURE AND EXTENT OF INTEREST IN Direct, beneficial
THE TRANSACTION

7.
NAME OF DIRECTOR LJ Abrams

COMPANY OF WHICH A DIRECTOR PEG Retail Holdings (Pty) Ltd
(a major subsidiary of KAL Group)

STATUS: EXECUTIVE/NON-EXECUTIVE Executive

TYPE AND CLASS OF SECURITIES NCOs in relation to ordinary shares

NATURE OF TRANSACTION Vesting, automatic exercise and after-tax
net-equity settlement of NCOs, resulting
in the delivery of ordinary shares to a
participant under the LTIP
(off-market transaction)

TRANSACTION DATE 24 May 2025
(VESTING AND EXERCISE)

SETTLEMENT DATE 26 May 2025

NUMBER OF NCOs VESTED 5 812

TOTAL VALUE OF NCOs VESTED R229 732.04, based on a deemed value
of R39.52 per NCO

NUMBER OF ORDINARY SHARES 3 196
RECEIVED (POST-TAX NET EQUITY
SETTLEMENT)

NATURE AND EXTENT OF INTEREST IN Direct, beneficial
THE TRANSACTION

Clearance for the above was obtained in terms of paragraph 3.66 of the JSE Limited Listings
Requirements.

Paarl
26 May 2025

Sponsor
PSG Capital

Date: 26-05-2025 11:10:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
                            
                            
                            Dealing in KAL Group Shares

KAL GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2011/113185/06)
Share code: KAL
ISIN: ZAE000244711
("KAL Group")

DEALING IN KAL GROUP SHARES

In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the
following information regarding the dealing in securities is disclosed:

NAME OF DIRECTOR S Walsh

COMPANY OF WHICH A DIRECTOR KAL Group Limited

STATUS: EXECUTIVE/NON-EXECUTIVE Executive director

TYPE AND CLASS OF SECURITIES Ordinary shares

NATURE OF TRANSACTION Purchase of shares by a director
(on-market transaction)

DATE OF TRANSACTION 12 May 2025

PRICE PER SECURITY R39.49

NUMBER OF SECURITIES TRANSACTED 3 000

TOTAL RAND VALUE OF SECURITIES R118 470.00
TRANSACTED

NATURE AND EXTENT OF INTEREST IN Direct, beneficial
THE TRANSACTION

Clearance for the above was obtained in terms of paragraph 3.66 of the JSE Limited Listings
Requirements.


Paarl
13 May 2025

Sponsor
PSG Capital

Date: 13-05-2025 03:00:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
                            
                            
                            Dealing in KAL Group shares

KAL GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2011/113185/06)
Share code: KAL
ISIN: ZAE000244711
("KAL Group")

DEALING IN KAL GROUP SHARES

In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the
following information regarding the dealing in securities is disclosed:

NAME OF DIRECTOR GW Sim

COMPANY OF WHICH A DIRECTOR KAL Group Limited

STATUS: EXECUTIVE/NON-EXECUTIVE Executive director

TYPE AND CLASS OF SECURITIES Ordinary shares

NATURE OF TRANSACTION Purchase of shares by a director
(on-market transaction)

DATE OF TRANSACTION 8 May 2025

PRICE PER SECURITY R39.50

NUMBER OF SECURITIES TRANSACTED 2 500

TOTAL RAND VALUE OF SECURITIES R98 750.00
TRANSACTED

NATURE AND EXTENT OF INTEREST IN Direct, beneficial
THE TRANSACTION

Clearance for the above was obtained in terms of paragraph 3.66 of the JSE Limited Listings
Requirements.


Paarl
9 May 2025

Sponsor
PSG Capital

Date: 09-05-2025 11:35:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
                            
                            
                            Click below to view full PDF article
https://senspdf.jse.co.za/documents/2025/jse/isse/kale/KALMar25.pdf
Condensed Consolidated Financial Results and Dividend Declaration for the six months ended 31 March 2025

KAL GROUP LIMITED
(Incorporated in the Republic of South Africa) (Registration
number: 2011/113185/06)
Share code: KAL ISIN: ZAE000244711
("KAL" the "Company" or the "Group")

CONDENSED CONSOLIDATED FINANCIAL RESULTS AND DIVIDEND DECLARATION FOR THE SIX MONTHS ENDED 31 MARCH 2025

1. SALIENT FEATURES

Gross profit R1.66 billion, increased by 0.9% (31 March 2024: R1.65 billion).

EBITDA R557.1 million, decreased by 2.1% (31 March 2024: R569.1 million).

Profit before taxation R440.6 million, decreased by 3.9% (31 March 2024: R458.5 million).

Earnings per share 394.29 cents per share, decreased by 3.6% (31 March 2024: 409.06
cents per share).

Headline earnings per share 392.47 cents per share, decreased by 4.0% (31 March 2024:
408.74 cents per share).

Recurring headline earnings per share 393.65 cents per share, decreased by 3.7%
(31 March 2024: 408.74 cents per share).

Net cash from operating activities R553.6 million, decreased by 3.1% (31 March 2024:
R571.4 million).

Net interest bearing debt to equity improved to 48.4% (31 March 2024: 56.5%).

Interim dividend 56.00 cents per share, increased by 3.7% (31 March 2024: 54.00 cents per
share).

2. DIVIDEND DECLARATION

A gross interim dividend of 56.00 cents per share (2024: 54.00 cents per share) has been
approved and declared by the board of directors of the Group, from income reserves, for the
six months ended 31 March 2025. The interim dividend amount, net of South African
dividends tax of 20%, is 44.80 cents per share for those shareholders not exempt from
dividend tax or who are not entitled to a reduced rate in terms of the applicable double tax
agreement.

The salient dates for this dividend distribution are:

Declaration date Thursday, 8 May 2025
Last day to trade cum dividend Tuesday, 3 June 2025
Trading ex-dividend commences Wednesday, 4 June 2025
Record date to qualify for dividend Friday, 6 June 2025
Date of payment Monday, 9 June 2025
Share certificates may not be dematerialised or rematerialised between Wednesday, 4 June
2025 and Friday, 6 June 2025, both days inclusive.

The number of ordinary shares in issue at declaration date is 74 319 837 and the income
tax number of KAL is 9312717177.

3. SHORT-FORM ANNOUNCEMENT

This short-form announcement ("Results Announcement") is the responsibility of the
directors of the Company. It contains only a summary of the information in the condensed
consolidated financial results for the six months ended 31 March 2025 ("Results") and does
not contain full or complete details. The Results can be found at
https://senspdf.jse.co.za/documents/2025/JSE/ISSE/KALE/KALMar25.pdf

A copy of the Results is also available for viewing on the Company's website at
https://www.kalgroup.co.za/s3/interim-results-31-mar-25.pdf

Shareholders are reminded that the Company will be hosting a webcast at 10:00 am today,
Thursday 8 May 2025, to present the Results to shareholders and the market.

For shareholders' convenience, the webcast registration details and link are included below:

- View and listen mode, with a Q&A facility
- Link: www.corpcam.com/KALGroup08052025


Any investment decisions by investors and/or shareholders should be based on
consideration of the Results, as a whole.

The content of this Results Announcement and the Results have not been audited or
reviewed by the Company's auditors.


Paarl
8 May 2025

Sponsor
PSG Capital

Date: 08-05-2025 08:00:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
                            
                            
                            Announcement of Results and Webcast

KAL GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2011/113185/06)
Share code: KAL
ISIN: ZAE000244711
("KAL" or "the Company")

ANNOUNCEMENT OF RESULTS AND WEBCAST

Shareholders are advised that KAL intends to release its interim financial results for the six
months ended 31 March 2025 on Thursday, 8 May 2025.

The Company will be hosting a webcast at 10:00 am on Thursday, 8 May 2025, to present
the results to shareholders and the market. To register for the webcast, please follow the
below link.

Webcast details:
- View and listen mode, with a Q&A facility
- Link: www.corpcam.com/KALGroup08052025

Paarl
23 April 2025

Sponsor
PSG Capital

Date: 23-04-2025 08:00:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
                            
                            
                            Dealing in KAL Group shares

KAL GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2011/113185/06)
Share code: KAL
ISIN: ZAE000244711
("KAL Group")


DEALING IN KAL GROUP SHARES


In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the
following information regarding the dealing in securities is disclosed:

NAME OF DIRECTOR CA Otto

COMPANY OF WHICH A DIRECTOR KAL Group Limited

STATUS: EXECUTIVE/NON-EXECUTIVE Non-Executive

TYPE AND CLASS OF SECURITIES Ordinary shares

NATURE OF TRANSACTION Purchase of shares by a director
(on-market transaction)

DATE OF TRANSACTION 1) 12 March 2025
2) 13 March 2025

PRICE PER SECURITY (CENTS) 1) R41.60
2) R42.00

NUMBER OF SECURITIES TRANSACTED 1) 342
2) 24 658

TOTAL RAND VALUE OF SECURITIES 1) R 14 227.20
TRANSACTED 2) R1 035 636.00

NATURE AND EXTENT OF INTEREST IN THE Direct, beneficial
TRANSACTION


Clearance for the above was obtained in terms of paragraph 3.66 of the JSE Limited Listings
Requirements.

Paarl
14 March 2025

Sponsor
PSG Capital

Date: 14-03-2025 02:47:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
                            
                            
                            Dealing in KAL Group shares

KAL GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2011/113185/06)
Share code: KAL
ISIN: ZAE000244711
("KAL Group")


DEALING IN KAL GROUP SHARES


In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the
following information regarding the dealing in securities is disclosed:

NAME OF DIRECTOR JH Le Roux

COMPANY OF WHICH A DIRECTOR KAL Group Limited

STATUS: EXECUTIVE/NON-EXECUTIVE Independent Non-executive director

TYPE AND CLASS OF SECURITIES Ordinary shares

NATURE OF TRANSACTION Purchase of shares by a director
(on-market transaction)

DATE OF TRANSACTION 07 March 2025

PRICE PER SECURITY R42.01

NUMBER OF SECURITIES TRANSACTED 3 600

TOTAL RAND VALUE OF SECURITIES R 151 236.00
TRANSACTED

NAME OF THE ASSOCIATE Bakenskraal Investments (Pty) Ltd

RELATIONSHIP WITH THE ASSOCIATE The director is a director of the associate,
as well as a trustee and beneficiary of the
shareholder of the associate

NATURE AND EXTENT OF INTEREST IN Indirect, beneficial
THE TRANSACTION


Clearance for the above was obtained in terms of paragraph 3.66 of the JSE Limited Listings.

Paarl
07 March 2025

Sponsor
PSG Capital

Date: 07-03-2025 03:40:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
                            
                            
                            Dealing in KAL Group shares

KAL GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2011/113185/06)
Share code: KAL
ISIN: ZAE000244711
("KAL Group")


DEALING IN KAL GROUP SHARES


In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the
following information regarding the dealing in securities is disclosed:

NAME OF DIRECTOR S Walsh

COMPANY OF WHICH A DIRECTOR KAL Group Limited

STATUS: EXECUTIVE/NON-EXECUTIVE Executive director

TYPE AND CLASS OF SECURITIES Ordinary shares

NATURE OF TRANSACTION Purchase of shares by a director
(on-market transaction)

DATE OF TRANSACTION 28 February 2025

PRICE PER SECURITY R43.50

NUMBER OF SECURITIES TRANSACTED 1 000

TOTAL RAND VALUE OF SECURITIES R43 500
TRANSACTED

NATURE AND EXTENT OF INTEREST IN Direct, beneficial
THE TRANSACTION


Clearance for the above was obtained in terms of paragraph 3.66 of the JSE Limited Listings
Requirements.


Paarl
03 March 2025

Sponsor
PSG Capital

Date: 03-03-2025 04:30:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
                            
                            
                            Dealing in KAL Group shares

KAL GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2011/113185/06)
Share code: KAL
ISIN: ZAE000244711
("KAL Group")


DEALING IN KAL GROUP SHARES


In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the
following information regarding the dealing in securities is disclosed:

NAME OF DIRECTOR JH Le Roux

COMPANY OF WHICH A DIRECTOR KAL Group Limited

STATUS: EXECUTIVE/NON-EXECUTIVE Independent Non-executive director

TYPE AND CLASS OF SECURITIES Ordinary shares

NATURE OF TRANSACTION Purchase of shares by a director
(on-market transaction)

DATE OF TRANSACTION 10 February 2025

PRICE PER SECURITY Low: R46.49
High R46.50
VWAP: R46.49905

NUMBER OF SECURITIES TRANSACTED 10 000

TOTAL RAND VALUE OF SECURITIES R 464 990.45
TRANSACTED

NAME OF THE ASSOCIATE Bakenskraal Investments (Pty) Ltd

RELATIONSHIP WITH THE ASSOCIATE The director is a director of the associate,
as well as a trustee and beneficiary of the
shareholder of the associate

NATURE AND EXTENT OF INTEREST IN Indirect, beneficial
THE TRANSACTION


Clearance for the above was obtained in terms of paragraph 3.66 of the JSE Limited Listings.

Paarl
10 February 2025

Sponsor
PSG Capital

Date: 10-02-2025 05:36:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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