KAL GROUP LIMITED - General Repurchase of Ordinary Shares

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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