KAL GROUP LIMITED - Trading Statement

Trading Statement

KAL GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2011/113185/06)
Share code: KAL
ISIN: ZAE000244711
(the "Company")

TRADING STATEMENT

In terms of the JSE Listings Requirements, a listed company is required to publish a trading
statement as soon as it is satisfied that a reasonable degree of certainty exists that the
financial results for the financial period to be reported on next will differ by 20% or more from
those of the previous comparable period.

The Company advises that a reasonable degree of certainty exists that for the six-month
period ending 31 March 2026 ("Period"):

-   Recurring headline earnings per share ("RHEPS") will be between 445.38 cents and
    461.12 cents, representing an increase of between 13.1% and 17.1% compared to the
    RHEPS of 393.65 cents reported for the six months ended 31 March 2025
    ("Prior Period"); and

-   Headline earnings per share ("HEPS") will be between 433.51 cents and 449.21 cents,
    representing an increase of between 10.5% and 14.5% compared to the HEPS of
    392.47 cents reported for the Prior Period; and

-   Earnings per share ("EPS") will be between 505.98 cents and 521.76 cents, representing
    an increase of between 28.3% and 32.3% compared to the EPS of 394.29 cents reported
    for the Prior Period.

HEPS for the Period increased mainly due to strong gross profit growth resulting from a 4.8%
increase in retail revenue, a 7.4% increase in agri input revenue and a 6.7% increase in fuel
volume sales.

EPS for the Period increased by a larger margin than HEPS for the Period, mainly as a result
of the inclusion of the profit on disposal of Agriplas (Pty) Ltd, which is not included in headline
earnings. The closing of the disposal of Agriplas (Pty) Ltd was communicated to shareholders
via the JSE's Stock Exchange News Service on 16 February 2026.

The financial information on which this trading statement is based has not been reviewed or
reported on by the auditor of the Company. The unaudited results for the Period are expected
to be published on or about 14 May 2026.

Paarl
4 May 2026

Sponsor
PSG Capital

Date: 04-05-2026 11:00:00
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