KAAP AGRI LIMITED (Incorporated in the Republic of South Africa) (Registration number: 2011/113185/06) Share code: KAL ISIN: ZAE000244711 (“Kaap Agri” or the “Company”) DISCLOSURE OF CHANGES IN BENEFICIAL INTERESTS IN SECURITIES OF THE COMPANY In accordance with section 122(3)(b) of the Companies Act, No. 71 of 2008, as amended, and paragraph 3.83(b) of the JSE Limited Listings Requirements, Kaap Agri shareholders are hereby advised that the Company has received formal notification in the prescribed form from: 1. PSG Group Limited (“PSG Group”), advising that it has unbundled its entire beneficial interest in securities of the Company to its shareholders by way of an unbundling transaction (“Unbundling”), as detailed in PSG Group’s circular to its shareholders, issued on 8 July 2022; and 2. JF Mouton Familietrust (“Trust”) and its subsidiaries and a joint venture, advising of the acquisition of a beneficial interest in securities of the Company pursuant to the Unbundling, such that the total of all beneficial interests in securities of the Company held by the Trust and its subsidiaries and a joint venture is 7.01442%. Paarl 13 September 2022 Sponsor PSG Capital