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.
Appointment of Directors
KAL GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2011/113185/06)
Share code: KAL
ISIN: ZAE000244711
(“KAL” or “the Company”)
APPOINTMENT OF DIRECTORS
In accordance with the JSE Listings Requirements, the board of directors of the Company
(“Board”) is pleased to announce that Mr Anton Fuchs and Ms Mantsho Barbara Makhubedu
have been appointed as independent non-executive directors of the Company with effect from
7 October 2026 (“Effective Date”). Ms Makhubedu has also been appointed to the KAL audit
and risk committee with effect from the Effective Date.
Mr Fuchs is a seasoned chief executive and business leader with nearly 25 years of experience
spanning private equity, agriculture, logistics, and fresh produce, sales and marketing. He
spent almost a decade as chief operating officer of the private equity investment firm Arch
Equity, subsequently known as Thembeka Capital, before joining the Capespan Group, a
multinational fresh produce, export and supply-chain business. During his 12 years with the
Capespan Group, he held various senior executive leadership positions, including eight years
as group chief executive officer. Mr Fuchs holds a BCom Law degree and an LLB degree from
Stellenbosch University.
Ms Makhubedu is an accomplished finance executive with more than 25 years of experience
across the fuel, property and financial services sectors. She has held chief financial officer
(“CFO”) and executive leadership positions, including serving as CFO and executive director
of Shell’s integrated downstream business in South Africa and as CFO of a previously
JSE-listed commercial property group. With more than 15 years of experience in the fuel
sector, including roles based in South Africa and the Netherlands, she brings extensive
financial and commercial expertise gained during periods of significant organisational change,
the global pandemic and economic volatility. Ms Makhubedu qualified as a chartered
accountant and additionally holds a Postgraduate Higher Diploma in Taxation from the
University of Cape Town.
The Board confirms that a fit and proper assessment, as contemplated in the JSE Listings
Requirements, was undertaken in respect of both appointments and that the Board is satisfied
with the outcome thereof.
Mr Fuchs and Ms Makhubedu have each completed a director’s declaration in accordance with
paragraph 6.74 of the JSE Listings Requirements and the Company confirms that such
declarations do not contain any matters requiring disclosure.
The Board welcomes Mr Fuchs and Ms Makhubedu and looks forward to their contribution to
the Company.
Paarl
6 October 2026
Sponsor
PSG Capital
Date: 06/10/2026 04:26:00
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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 29 September 2026
(VESTING AND EXERCISE)
SETTLEMENT DATE 30 September 2026
NUMBER OF NCOs VESTED 61 932
TOTAL VALUE OF NCOs VESTED R3 052 028.84, based on a deemed value
of R49.28 per NCO
NUMBER OF ORDINARY SHARES 34 062
RECEIVED (POST-TAX NET EQUITY
SETTLEMENT)
NATURE AND EXTENT OF INTEREST IN Direct, beneficial
THE DEALING
2.
NAME OF DIRECTOR HJ 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 29 September 2026
(VESTING AND EXERCISE)
SETTLEMENT DATE 30 September 2026
NUMBER OF NCOs VESTED 36 702
TOTAL VALUE OF NCOs VESTED R1 808 686 .34, based on a deemed
value of R49.28 per NCO
NUMBER OF ORDINARY SHARES 20 186
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 29 September 2026
(VESTING AND EXERCISE)
SETTLEMENT DATE 30 September 2026
NUMBER OF NCOs VESTED 30 228
TOTAL VALUE OF NCOs VESTED R1 489 645.54, based on a deemed value
of R49.28 per NCO
NUMBER OF ORDINARY SHARES 16 625
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 29 September 2026
(VESTING AND EXERCISE)
SETTLEMENT DATE 30 September 2026
NUMBER OF NCOs VESTED 27 417
TOTAL VALUE OF NCOs VESTED R1 351 118.56, based on a deemed value
of R49.28 per NCO
NUMBER OF ORDINARY SHARES 15 079
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
30 September 2026
Sponsor
PSG Capital
Date: 30/09/2026 12:15:00
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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.
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”)
DEALINGS 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 DEALINGS Purchase of shares by an associate of
a director (on-market dealings)
DATES OF DEALINGS 15 September 2026 (1)
17 September 2026 (2)
PRICE PER SECURITY R45.75 (1)
High: R47.83 (2)
Low: R47.82
VWAP: R47.8255
NUMBER OF SECURITIES TRADED 313 (1)
4 937 (2)
TOTAL RAND VALUE OF SECURITIES R14 319.75 (1)
TRADED R236 114.35 (2)
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 DEALINGS
Clearance for the above was obtained in terms of the JSE Listings Requirements.
Paarl
17 September 2026
Sponsor
PSG Capital
Date: 17/09/2026 04:15:00
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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” or the “Company”)
DEALING IN KAL GROUP SHARES
GMS Beleggings (Edms) Bpk (“GMS Beleggings”), a family entity and associate of
KAL Group chairperson, Mr GM Steyn, previously held 38 359 ordinary shares in the Company. As part of
the diversification of the family’s financial exposure, GMS Beleggings has restructured its shareholding in
KAL Group by transferring all KAL Group shares held by it to an investor fund, in exchange for units in that
fund. As a result, GMS Beleggings will continue to have an exposure to KAL Group, albeit indirectly via the
fund.
In compliance with the JSE Listings Requirements, the following information regarding the dealing in shares
is disclosed:
NAME OF DIRECTOR GM Steyn
COMPANY OF WHICH A DIRECTOR KAL Group Limited
STATUS: EXECUTIVE/NON-EXECUTIVE Non-executive
TYPE AND CLASS OF SECURITIES Ordinary shares
NATURE OF DEALING Disposal of shares by an associate of the director
(off-market dealing)
DATE OF DEALING 27 August 2026
DEEMED PRICE PER SECURITY R52.00
(BASED ON THE SHARE PRICE AS AT CLOSE
OF BUSINESS ON 26 AUGUST 2026)
NUMBER OF SECURITIES TRADED 38 359
DEEMED TOTAL RAND VALUE OF SECURITIES R1,994,668.00
TRADED (BASED ON THE SHARE PRICE AS AT
CLOSE OF BUSINESS ON 26 AUGUST 2026)
NAME OF THE ASSOCIATE GMS Beleggings (Edms) Bpk
RELATIONSHIP WITH THE ASSOCIATE The director is a director and shareholder of the
associate
NATURE AND EXTENT OF INTEREST IN THE Indirect, beneficial
DEALING
Clearance for the above was obtained after the dealing.
Paarl
16 September 2026
Sponsor
PSG Capital
Date: 16/09/2026 10:30:00
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information disseminated through SENS.
Passing Of Independent Non-Executive Director – Bridgitte Mathews
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")
PASSING OF INDEPENDENT NON-EXECUTIVE DIRECTOR – BRIDGITTE MATHEWS
The KAL Group board of directors ("Board") is deeply saddened by the sudden passing of
Bridgitte Mathews, an independent non-executive director of the Company and member of the
audit and risk and social and ethics committees on 12 August 2026.
Bridgitte made an invaluable contribution to the Company through her extensive corporate
experience, thoughtful leadership and steadfast commitment to ethical and effective
governance. She was widely respected for her integrity, wisdom and considered approach,
and her contribution extended well beyond her formal responsibilities as a director.
The Board extends its sincere condolences to Bridgitte's family and loved ones and stands
with them in mourning her loss. She will be remembered with great respect and gratitude for
the lasting contribution she made to the KAL Group.
Paarl
13 August 2026
Sponsor
PSG Capital
Date: 13-08-2026 04:30:00
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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.
General Repurchase of Ordinary 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")
GENERAL REPURCHASE OF ORDINARY SHARES
At the annual general meeting of the Company held on 5 February 2026 ("AGM"), shareholders, by
special resolution, granted a general authority to the board of directors of the Company ("Board") to
repurchase up to 20% of the issued ordinary share capital of the Company, on the terms and subject
to the conditions specified in the notice of AGM.
Shareholders are advised that, during the period commencing on 2 June 2026 to 4 August 2026, the
Company has repurchased an aggregate of 2,290,091 ordinary shares, representing 3.08% of the
issued ordinary share capital of the Company as at the date on which the general authority was
granted. The aforementioned ordinary shares were repurchased for an aggregate value of
R111,861,946; funded out of the Company's available cash resources, as follows:
Dates of Aggregate Highest price per Lowest price per Aggregate value
repurchases number of ordinary share ordinary share
ordinary shares repurchased repurchased
repurchased
2 June 2026 to 2,290,091 R50.00 R45.46 R111,861,946
4 August 2026
The repurchases were made in terms of the general authority granted by shareholders at the AGM
and were effected through the order book operated by the JSE trading system without any prior
understanding or arrangement between the Company and the counterparties.
The ordinary shares repurchased have been and will be de-listed and cancelled by the date of this
announcement or as soon as possible thereafter as the JSE Limited may permit.
The Company may repurchase up to a further 12,573,876 ordinary shares (16.92% of the ordinary
shares in issue as at the date on which the authority was granted), in terms of the current general
authority, which is valid until the Company's next annual general meeting.
As at the date of this announcement, the Company held 3,708,514 ordinary shares in treasury. The
impact of the repurchases of the ordinary shares on the financial position of the Company is
immaterial, as the repurchases were funded out of the Company's available cash resources.
The Board confirms that it has considered the effect of the repurchases and has applied the solvency
and liquidity test in terms of the Companies Act.
Paarl
5 August 2026
Sponsor
PSG Capital
Date: 05-08-2026 12:00:00
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The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
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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.
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 dealings)
TOTAL NUMBER OF SHARES 616 914
ACQUIRED
TOTAL RAND VALUE OF SHARES R30 585 070,07
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)
09-Jun-26 5 280 R47,23 R47,40 R46,21 R249 389,57
10-Jun-26 8 395 R46,90 R47,25 R46,42 R393 706,69
11-Jun-26 6 332 R47,38 R47,50 R47,01 R300 036,55
12-Jun-26 3 071 R47,81 R47,83 R47,74 R146 813,52
15-Jun-26 2 100 R47,89 R47,89 R47,89 R100 569,00
17-Jun-26 42 202 R48,90 R49,00 R48,38 R2 063 827,41
18-Jun-26 2 013 R48,90 R48,90 R48,61 R98 432,77
19-Jun-26 7 883 R49,13 R49,35 R48,67 R387 306,88
22-Jun-26 9 801 R49,62 R49,89 R49,02 R486 281,48
23-Jun-26 4 253 R49,45 R49,86 R49,11 R210 297,50
24-Jun-26 3 921 R49,69 R50,00 R49,50 R194 839,50
25-Jun-26 110 387 R49,85 R52,49 R49,50 R5 502 870,10
29-Jun-26 205 638 R49,80 R50,00 R48,90 R10 240 772,40
01-Jul-26 205 638 R49,65 R51,00 R49,00 R10 209 926,70
Paarl
13 July 2026
Sponsor
PSG Capital
Date: 13-07-2026 12:00:00
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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.
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
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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
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