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


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”).

In accordance with paragraphs 3.63 to 3.74 and 3.92 of the JSE Limited Listings
Requirements, Shareholders are hereby advised of the following acquisitions of KAL Group
ordinary shares (“Shares”), in execution of the Hedging Transaction, between 14 June 2023
and 14 September 2023:

 NAME OF ENTITY                                  Investec

 TYPE AND CLASS OF SECURITIES                    Ordinary shares

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

 TOTAL NUMBER OF SHARES ACQUIRED                 429 548

 TOTAL RAND          VALUE     OF     SHARES R16 104 114.20
 ACQUIRED

 NATURE OF INTEREST                              Indirect, non-beneficial

 CLEARANCE OBTAINED                              Yes


The breakdown of the acquisition of Shares is as follows:

   DATE         NUMBER           VOLUME             HIGH             LOW         VALUE
                  OF            WEIGHTED           (PRICE)         (PRICE)
                SHARES          AVERAGE
                               PRICE (PAID)


 14-Jun-23        7,669             R37.63          R37.98          R36.51    R288,604.27

 15-Jun-23        4,178             R36.98          R37.00          R36.83    R154,515.53

 19-Jun-23        6,847             R37.01          R37.50          R36.76    R253,435.04

 20-Jun-23        5,821             R36.66          R37.18          R36.52    R213,374.80
21-Jun-23   5,328    R36.28   R36.97   R35.88   R193,278.27

22-Jun-23   2,016    R36.01   R37.04   R36.01    R72,603.37

23-Jun-23   1,881    R36.15   R36.50   R36.08    R68,005.68

26-Jun-23   3,011    R36.94   R37.09   R36.52   R111,223.20

27-Jun-23   1,251    R36.48   R36.80   R36.31    R45,638.90

28-Jun-23   4,757    R37.07   R37.19   R36.00   R176,325.10

29-Jun-23   3,010    R37.02   R37.50   R36.91   R111,442.19

30-Jun-23   3,781    R37.58   R37.77   R37.26   R142,081.01

03-Jul-23   3,653    R37.67   R37.85   R37.51   R137,612.23

04-Jul-23   1,424    R37.71   R37.76   R37.71    R53,702.34

05-Jul-23   3,387    R37.88   R37.95   R37.76   R128,284.04

06-Jul-23   4,303    R37.80   R37.95   R37.76   R162,645.65

07-Jul-23   37,043   R37.70   R38.00   R37.05   R1,396,644.12

10-Jul-23   2,232    R37.10   R37.15   R37.04    R82,808.34

11-Jul-23   1,008    R37.13   R37.24   R37.03    R37,427.50

12-Jul-23   6,075    R37.16   R37.60   R37.01   R225,723.54

13-Jul-23    844     R37.14   R37.49   R37.14    R31,349.66

14-Jul-23   4,663    R37.08   R37.10   R37.01   R172,885.08

17-Jul-23   10,746   R37.20   R37.44   R37.01   R399,770.71

18-Jul-23    749     R37.01   R37.13   R37.01    R27,724.11

19-Jul-23   1,437    R37.19   R37.29   R36.76    R53,447.98

20-Jul-23   2,784    R36.56   R36.74   R36.51   R101,779.69

21-Jul-23   1,064    R36.54   R36.56   R36.51    R38,875.36

24-Jul-23   2,353    R36.43   R36.56   R36.40    R85,711.79

25-Jul-23   6,180    R37.05   R37.50   R36.50   R228,990.45

26-Jul-23   3,844    R37.53   R37.40   R34.65   R144,249.95

27-Jul-23   13,853   R37.00   R37.02   R37.00   R512,579.22
28-Jul-23    457     R37.28   R37.30   R37.16    R17,038.21

31-Jul-23   1,920    R37.32   R37.74   R37.01    R71,648.48

01-Aug-23   2,557    R37.66   R37.80   R37.30    R96,309.15

02-Aug-23   15,024   R37.04   R37.73   R36.76   R556,616.73

03-Aug-23   1,091    R36.81   R36.85   R36.81    R40,159.75

04-Aug-23    288     R36.71   R36.75   R36.64    R10,572.89

07-Aug-23    801     R36.78   R37.37   R36.76    R29,457.57

08-Aug-23   3,299    R37.23   R37.35   R37.21   R122,825.79

10-Aug-23   6,474    R37.73   R37.88   R37.30   R244,271.02

11-Aug-23   5,379    R37.71   R38.25   R37.36   R202,852.35

14-Aug-23   2,362    R38.11   R38.50   R38.11    R90,019.72

15-Aug-23   4,042    R37.86   R38.50   R37.56   R153,013.64

16-Aug-23   8,122    R37.85   R38.25   R37.21   R307,444.71

17-Aug-23   7,881    R37.88   R38.20   R37.17   R298,503.86

18-Aug-23   2,635    R37.26   R37.96   R37.16    R98,190.70

21-Aug-23   5,848    R37.33   R37.50   R37.12   R218,324.54

22-Aug-23   1,537    R36.78   R36.80   R36.76    R56,533.60

23-Aug-23   2,849    R36.85   R37.00   R36.76   R104,989.40

24-Aug-23   74,715   R37.77   R38.00   R37.01   R2,822,072.97

25-Aug-23   4,693    R37.80   R38.00   R37.80   R177,399.00

28-Aug-23   1,455    R37.03   R37.03   R37.02    R53,878.61

29-Aug-23   7,074    R37.52   R38.00   R37.00   R265,428.91

30-Aug-23   1,021    R37.02   R37.90   R37.00    R37,802.10

31-Aug-23   26,635   R37.94   R38.00   R37.00   R1,010,636.07

01-Sep-23   23,390   R37.94   R38.00   R36.52   R887,477.67

04-Sep-23   14,433   R38.24   R38.30   R38.15   R551,965.95

05-Sep-23   21,255   R38.00   R38.00   R37.99   R807,663.58

12-Sep-23   3,683    R36.63   R37.00   R36.21   R134,899.23
  13-Sep-23     4,125    R36.74   R37.00   R36.16   R151,533.26

  14-Sep-23     17,311   R36.50   R36.50   R36.01   R631,845.61

Paarl
21 September 2023

Sponsor
PSG Capital