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SENS

Overview Reports SENS Calendar News

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.

                            
                            
                            Voluntary Announcement: Dealings 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" or the "Company")

VOLUNTARY ANNOUNCEMENT: DEALINGS IN KAL GROUP SHARES

KAL Group shareholders ("Shareholders") are referred to the announcement published on
SENS on 12 June 2023, wherein Shareholders were advised of the hedging transaction
entered into between KAL Group and Investec Bank Limited ("Investec"), an independent
third party, to hedge the potential future obligations of the Company under its non-dilutive
long-term incentive plan ("LTIP") rules ("Hedging Transaction").

Shareholders are hereby advised of the latest acquisitions of KAL Group ordinary shares
("Shares"), in execution of the Hedging Transaction:

NAME OF ENTITY Investec

TYPE AND CLASS OF SECURITIES Ordinary shares

NATURE OF DEALING Purchase of Shares pursuant to the
Hedging Transaction to enable settlement of
LTIP awards (on-market)

TOTAL NUMBER OF SHARES 205,638
ACQUIRED

TOTAL RAND VALUE OF SHARES R9,277,792.12
ACQUIRED

NATURE OF INTEREST Indirect, non-beneficial

CLEARANCE OBTAINED Yes

The breakdown of the acquisition of Shares is as follows:

DATE OF NUMBER OF VOLUME HIGH LOW VALUE
PURCHASE SHARES WEIGHTED (PRICE) (PRICE)
AVERAGE
PRICE
(PAID)
20-May-26 60 225 R44.50 R44.95 R44.00 R2,680,019.12
21-May-26 6 073 R45.64 R45.99 R45.01 R277,172.57
22-May-26 2 397 R45.50 R45.76 R45.02 R109,063.50
25-May-26 92 021 R45.25 R45.79 R44.74 R4,163,950.25
27-May-26 7 500 R44.92 R45.34 R44.25 R336,873.59
28-May-26 1 244 R44.53 R46.41 R44.52 R55,395.32
01-Jun-26 9 672 R45.50 R46.16 R45.35 R440,086.85
02-Jun-26 15 491 R45.19 R46.35 R45.00 R699,988.11
03-Jun-26 1 R45.00 R45.00 R45.00 R45.00
04-Jun-26 2 190 R45.45 R46.09 R45.01 R99,535.50
05-Jun-26 1 002 R47.45 R47.47 R46.81 R47,544.90
08-Jun-26 7 822 R47.06 R47.50 R45.01 R368,117.39

Paarl
9 June 2026

Sponsor
PSG Capital

Date: 09-06-2026 04:58:00
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 the JSE 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 GW Sim
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 DEALING 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 dealing)
DEALING DATE 24 May 2026
(VESTING AND EXERCISE)
SETTLEMENT DATE 25 May 2026
NUMBER OF NCOs VESTED 67 552
TOTAL VALUE OF NCOs VESTED R3 100 203.66, based on a deemed value
of R45.89 per NCO
NUMBER OF ORDINARY SHARES 37 153
RECEIVED (POST-TAX NET EQUITY
SETTLEMENT)
NATURE AND EXTENT OF INTEREST IN Direct, beneficial
THE DEALING

2.
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 DEALING 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 dealing)
DEALING DATE 24 May 2026
(VESTING AND EXERCISE)
SETTLEMENT DATE 25 May 2026
NUMBER OF NCOs VESTED 43 879
TOTAL VALUE OF NCOs VESTED R2 013 764.75, based on a deemed value
of R45.89 per NCO
NUMBER OF ORDINARY SHARES 24 133
RECEIVED (POST-TAX NET EQUITY
SETTLEMENT)
NATURE AND EXTENT OF INTEREST IN Direct, beneficial
THE DEALING

3.
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 DEALING 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 dealing)
DEALING DATE 24 May 2026
(VESTING AND EXERCISE)
SETTLEMENT DATE 25 May 2026
NUMBER OF NCOs VESTED 36 954
TOTAL VALUE OF NCOs VESTED R1 695 951.65, based on a deemed value
of R45.89 per NCO
NUMBER OF ORDINARY SHARES 20 324
RECEIVED (POST-TAX NET EQUITY
SETTLEMENT)
NATURE AND EXTENT OF INTEREST IN Direct, beneficial
THE DEALING

4.
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 DEALING 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 dealing)
DEALING DATE 24 May 2026
(VESTING AND EXERCISE)
SETTLEMENT DATE 25 May 2026
NUMBER OF NCOs VESTED 53 735
TOTAL VALUE OF NCOs VESTED R2 466 091.95, based on a deemed value
of R45.89 per NCO
NUMBER OF ORDINARY SHARES 29 554
RECEIVED (POST-TAX NET EQUITY
SETTLEMENT)
NATURE AND EXTENT OF INTEREST IN Direct, beneficial
THE DEALING

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

Paarl
25 May 2026

Sponsor
PSG Capital

Date: 25-05-2026 02:55:00
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 the JSE Listings Requirements, the following information regarding the
dealing in securities is disclosed:

NAME OF DIRECTOR Johann Le Roux

COMPANY OF WHICH A DIRECTOR KAL Group Limited

STATUS: EXECUTIVE/NON-EXECUTIVE Executive director

TYPE AND CLASS OF SECURITIES Ordinary shares

NATURE OF DEALING Purchase of shares by an associate of
a director (on-market dealing)

DATE OF DEALING 19 May 2026

PRICE PER SECURITY R44.50

NUMBER OF SECURITIES TRADED 33 643

TOTAL RAND VALUE OF SECURITIES R1 497 113.50
TRADED

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 DEALING

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

Paarl
20 May 2026

Sponsor
PSG Capital

Date: 20-05-2026 09:45:00
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.
                            
                            
                            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 the JSE 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 JH le Roux (1)
GW Sim (2)
HJ Smit (3)
T Sulaiman-Bray (4)
A Abeln (5)
X Bangazi (6)

COMPANIES OF WHICH DIRECTORS KAL (1)(2)
Agrimark Operations Limited (1) – (5)
(a major subsidiary of KAL)
("Agrimark")
PEG Retail Operations (Pty) Ltd (1)(2)(4)(6)
(a major subsidiary of KAL)
("PEG")

STATUS: EXECUTIVE/NON-EXECUTIVE Executive directors of KAL (1)(2)
Executive directors of Agrimark (1) – (5)
Executive director of PEG (6)
Non-executive directors of PEG (1)(2)(4)

TYPE AND CLASS OF SECURITIES Options awarded under the (1) – (6)
LTIP to acquire ordinary
shares

NATURE OF DEALINGS Acceptance of award of (1) – (6)
options to acquire
ordinary shares in terms
of the LTIP
(off-market dealings)

DATE OF AWARD OF OPTIONS 15 May 2026 (1) – (6)

DATE OF ACCEPTANCE OF OPTIONS 15 May 2026 (1) – (6)

PRICE AT WHICH OPTIONS AWARDED Nil cost (1) – (6)

NUMBER OF OPTIONS ACCEPTED 470 740 (1)
169 869 (2)
90 086 (3)
75 868 (4)
135 958 (5)
149 750 (6)

DEEMED TOTAL RAND VALUE OF OPTIONS R 21 051 492.80 (1)
ACCEPTED, BASED ON THE COMPANY'S R 7 596 541.68 (2)
CLOSING SHARE PRICE ON 14 MAY 2026, R 4 028 645.92 (3)
BEING R44.72. R 3 392 816.96 (4)
R 6 080 041.76 (5)
R 6 696 820.00 (6)

VESTING DATES OF OPTIONS Vesting in tranches of (1) – (6)
25% each on the later of:

• 1 February 2028, 1 February 2029,
1 February 2030 and 1 February 2031; 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) – (6)
the options to occur within
30 days of the applicable
vesting date

NATURE AND EXTENT OF INTEREST IN Direct, beneficial (1) – (6)
THE DEALINGS

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

Paarl
18 May 2026

Sponsor
PSG Capital

Date: 18-05-2026 12:05:00
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 the JSE Listings Requirements, the following information regarding the
dealing in securities is disclosed:

NAME OF DIRECTOR Johann Le Roux

COMPANY OF WHICH A DIRECTOR KAL Group Limited

STATUS: EXECUTIVE/NON-EXECUTIVE Executive director

TYPE AND CLASS OF SECURITIES Ordinary shares

NATURE OF DEALING Purchase of shares by an associate of
a director (on-market dealing)

DATE OF DEALING 14 May 2026

PRICE PER SECURITY R44.95

NUMBER OF SECURITIES TRADED 11 227

TOTAL RAND VALUE OF SECURITIES R504 653.65
TRADED

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 DEALING

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

Paarl
15 May 2026

Sponsor
PSG Capital

Date: 15-05-2026 01:04:00
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.
                            
                            
                            Condensed Consolidated Financial Results and Dividend Declaration for the six months ended 31 March 2026

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 2026

1. SALIENT FEATURES

Revenue of R11.36 billion. Increased by 5.0% (31 March 2025: R10.82 billion).

Gross profit R1.81 billion, increased by 8.8% (31 March 2025: R1.66 billion).

EBITDA R599.7 million, increased by 7.7% (31 March 2025: R557.1 million).

Earnings per share 513.87 cents per share, increased by 30.3% (31 March 2025: 394.29
cents per share).

Headline earnings per share 441.36 cents per share, increased by 12.5% (31 March 2025:
392.47 cents per share).

Recurring headline earnings per share 453.25 cents per share, increased by 15.1%
(31 March 2025: 393.65 cents per share).

Net cash from operating activities R575.2 million, increased by 3.9% (31 March 2025: R553.6
million).

Net interest-bearing debt to equity improved to 32.9% (31 March 2025: 48.4%).

Interim dividend 70.00 cents per share, increased by 25.0% (31 March 2025: 56.00 cents per
share).

2. DIVIDEND DECLARATION

A gross interim dividend of 70.00 cents per share, an increase of 25.0%, (2025: 56.00 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 2026. The interim dividend amount, net
of South African dividends tax of 20%, is 56.00 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, 14 May 2026
Last day to trade cum dividend Tuesday, 9 June 2026
Trading ex-dividend commences Wednesday, 10 June 2026
Record date to qualify for dividend Friday, 12 June 2026
Date of payment Monday, 15 June 2026

Share certificates may not be dematerialised or rematerialised between Wednesday,
10 June 2026 and Friday, 12 June 2026, both days inclusive.

The number of ordinary shares in issue at declaration date is 74 319 837, the income tax
number of KAL is 9312717177 and the Company registration number is 2011/113185/06.

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 2026 ("Results") and does
not contain full or complete details. The Results can be found at
https://senspdf.jse.co.za/documents/2026/JSE/ISSE/KALE/KALMar26.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-26.pdf

Shareholders are reminded that the Company will be hosting a webcast at 12:00 pm today,
Thursday 14 May 2026, 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: https://www.corpcam.com/KALGroup14052026

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
14 May 2026

Sponsor
PSG Capital

Date: 14-05-2026 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.
                            
                            
                            Trading Statement

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

TRADING STATEMENT

In terms of the JSE Listings Requirements, a listed company is required to publish a trading
statement as soon as it is satisfied that a reasonable degree of certainty exists that the
financial results for the financial period to be reported on next will differ by 20% or more from
those of the previous comparable period.

The Company advises that a reasonable degree of certainty exists that for the six-month
period ending 31 March 2026 ("Period"):

- Recurring headline earnings per share ("RHEPS") will be between 445.38 cents and
461.12 cents, representing an increase of between 13.1% and 17.1% compared to the
RHEPS of 393.65 cents reported for the six months ended 31 March 2025
("Prior Period"); and

- Headline earnings per share ("HEPS") will be between 433.51 cents and 449.21 cents,
representing an increase of between 10.5% and 14.5% compared to the HEPS of
392.47 cents reported for the Prior Period; and

- Earnings per share ("EPS") will be between 505.98 cents and 521.76 cents, representing
an increase of between 28.3% and 32.3% compared to the EPS of 394.29 cents reported
for the Prior Period.

HEPS for the Period increased mainly due to strong gross profit growth resulting from a 4.8%
increase in retail revenue, a 7.4% increase in agri input revenue and a 6.7% increase in fuel
volume sales.

EPS for the Period increased by a larger margin than HEPS for the Period, mainly as a result
of the inclusion of the profit on disposal of Agriplas (Pty) Ltd, which is not included in headline
earnings. The closing of the disposal of Agriplas (Pty) Ltd was communicated to shareholders
via the JSE's Stock Exchange News Service on 16 February 2026.

The financial information on which this trading statement is based has not been reviewed or
reported on by the auditor of the Company. The unaudited results for the Period are expected
to be published on or about 14 May 2026.

Paarl
4 May 2026

Sponsor
PSG Capital

Date: 04-05-2026 11:00:00
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 2026 on Thursday, 14 May 2026.

The Company will be hosting a webcast at 12:00 pm on Thursday, 14 May 2026, 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: https://www.corpcam.com/KALGroup14052026

Paarl
30 April 2026

Sponsor
PSG Capital

Date: 30-04-2026 12:00:00
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 the JSE Listings Requirements, the following information regarding the
dealing in securities is disclosed:

1.
NAME OF DIRECTOR Johann Le Roux

COMPANY OF WHICH A DIRECTOR KAL Group Limited

STATUS: EXECUTIVE/NON-EXECUTIVE Executive director

TYPE AND CLASS OF SECURITIES Ordinary shares

NATURE OF DEALING Purchase of shares by an associate of
a director (on-market dealing)

DATE OF DEALING 24 March 2026

PRICE PER SECURITY R43.00

NUMBER OF SECURITIES TRADED 11 500

TOTAL RAND VALUE OF SECURITIES R494,500.00
TRADED

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 DEALING

2.
NAME OF DIRECTOR Graeme Wayne Sim

COMPANY OF WHICH A DIRECTOR KAL Group Limited

STATUS: EXECUTIVE/NON-EXECUTIVE Executive director

TYPE AND CLASS OF SECURITIES Ordinary shares

NATURE OF DEALING Purchase of shares by a director
(on-market dealing)

DATE OF DEALING 24 March 2026

PRICE PER SECURITY R42.80

NUMBER OF SECURITIES TRADED 2 400

TOTAL RAND VALUE OF SECURITIES R102,720.00
TRADED

NATURE AND EXTENT OF INTEREST IN Direct, beneficial
THE DEALING

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

Paarl
25 March 2026

Sponsor
PSG Capital

Date: 25-03-2026 02:40:00
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 the JSE 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 director

TYPE AND CLASS OF SECURITIES Ordinary shares

NATURE OF DEALING Purchase of shares by a director
(on-market dealing)

DATE OF DEALING 16 March 2026

PRICE PER SECURITY R44.49

NUMBER OF SECURITIES TRADED 1 400

TOTAL RAND VALUE OF SECURITIES R62,286.00
TRADED

NATURE AND EXTENT OF INTEREST IN Direct, beneficial
THE DEALING

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

Paarl
20 March 2026

Sponsor
PSG Capital

Date: 20-03-2026 10:20:00
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.
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Paarl, Cape Winelands
Western Province, 7646

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