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

  TOTAL    NUMBER              OF     SHARES 678,880
  ACQUIRED

  TOTAL RAND         VALUE      OF    SHARES R27,630,090.09
  ACQUIRED

  NATURE OF INTEREST                             Indirect, non-beneficial

  CLEARANCE OBTAINED                             Yes


The breakdown of the acquisition of Shares is as follows:

                                     VOLUME
                    NUMBER          WEIGHTED
    DATE OF                                         HIGH             LOW
                      OF            AVERAGE                                      VALUE
   PURCHASE                                        (PRICE)         (PRICE)
                    SHARES            PRICE
                                      (PAID)
    24-Jun-25        169,720          R38.70        R38.70          R38.70    R6,568,164.00
    25-Jun-25        107,647          R39.57        R41.00          R39.50    R4,260,020.44
    26-Jun-25          13             R40.76        R40.76          R40.76       R529.88
    02-Jul-25          199            R41.01        R41.01          R40.90      R8,160.66
    03-Jul-25        31,112           R41.30        R41.50          R40.03    R1,285,027.06
    04-Jul-25        15,181           R41.21        R41.59          R41.06     R625,549.61
    07-Jul-25          14             R41.21        R41.21          R41.21       R576.94
    08-Jul-25          319            R41.56        R41.56          R41.56     R13,257.64
    09-Jul-25          731            R41.60        R41.89          R41.55     R30,411.40
    10-Jul-25         3,751           R41.68        R41.80          R41.25     R156,358.04
    11-Jul-25         2,757           R41.69        R41.70          R41.56     R114,952.90
    14-Jul-25          498            R41.71        R41.71          R41.71     R20,771.58
     15-Jul-25        387     R42.00   R42.00   R42.00    R16,254.00
     16-Jul-25       3,804    R43.32   R43.55   R43.01    R164,800.44
     17-Jul-25       3,307    R43.59   R43.81   R42.11    R144,150.76
     17-Jul-25       9,025    R43.59   R43.81   R42.11    R393,396.02
     18-Jul-25       6,756    R43.55   R43.90   R43.50    R294,208.97
     21-Jul-25      102,619   R43.84   R43.90   R43.30   R4,499,286.44
     22-Jul-25       1,429    R42.34   R42.50   R42.33    R60,502.01
     23-Jul-25       2,207    R42.27   R42.49   R41.66    R93,280.75
     24-Jul-25      20,571    R42.54   R43.41   R41.71    R875,059.50
     25-Jul-25       7,040    R41.30   R42.00   R40.69    R290,730.88
     28-Jul-25       4,406    R42.02   R42.18   R41.01    R185,133.64
     29-Jul-25      12,429    R41.82   R42.60   R40.85    R519,742.59
     30-Jul-25       3,238    R41.12   R41.56   R40.86    R133,160.61
     30-Jul-25       7,699    R41.12   R41.56   R40.86    R316,616.28
     31-Jul-25      18,011    R41.94   R43.00   R40.86    R755,356.00
     01-Aug-25      11,099    R40.07   R40.87   R39.47    R444,766.69
     04-Aug-25       8,569    R40.76   R41.95   R40.05    R349,272.16
     05-Aug-25       2,823    R39.72   R39.77   R39.51    R112,138.55
     06-Aug-25       2,953    R40.17   R40.21   R40.00    R118,612.59
     07-Aug-25       8,392    R39.50   R40.51   R38.76    R331,460.97
     08-Aug-25       6,109    R38.85   R39.31   R38.60    R237,340.26
     11-Aug-25       1,602    R38.61   R38.80   R38.61    R61,854.17
     12-Aug-25      11,043    R39.44   R40.47   R38.71    R435,571.27
     13-Aug-25        406     R40.01   R40.01   R40.01    R16,244.06
     14-Aug-25        20      R40.75   R40.76   R40.74      R815.08
     15-Aug-25       4,426    R41.10   R41.20   R40.71    R181,918.73
     18-Aug-25       2,344    R39.92   R40.00   R39.92    R93,583.60
     19-Aug-25       4,463    R40.21   R40.50   R39.50    R179,466.31
     20-Aug-25       3,812    R39.85   R40.03   R39.51    R151,898.59
     21-Aug-25       2,578    R39.49   R39.50   R39.21    R101,817.91
     22-Aug-25        739     R38.49   R39.49   R39.11    R28,441.83
     25-Aug-25      15,097    R40.16   R40.99   R39.51    R606,235.87
     26-Aug-25        44      R40.03   R40.03   R40.03     R1,761.32
     27-Aug-25       5,778    R41.50   R41.71   R41.21    R239,793.71
     28-Aug-25      23,266    R41.47   R41.47   R41.47    R964,841.02
     29-Aug-25       4,135    R41.67   R41.96   R41.00    R172,315.95
     01-Sep-25       3,852    R40.67   R41.00   R40.06    R156,673.78
     02-Sep-25       3,322    R39.76   R40.96   R38.55    R132,071.76
     03-Sep-25       5,145    R39.32   R40.33   R38.57    R202,318.89
     04-Sep-25       9,827    R40.25   R40.99   R39.99    R395,584.90
     05-Sep-25       2,166    R40.55   R40.89   R40.01    R87,831.08


Paarl
11 September 2025

Sponsor
PSG Capital