KAL GROUP LIMITED - Disclosure of Acquisition of Securities

Disclosure of Acquisition of Securities

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

DISCLOSURE OF ACQUISITION OF SECURITIES

In accordance with section 122(3)(b) of the Companies Act, No. 71 of 2008, as amended
("Companies Act"), and paragraph 3.83(b) of the JSE Limited Listings Requirements,
shareholders are hereby advised that the Company has received formal notification in the
prescribed form from Granate Asset Management ("Granate"), advising that it has acquired a
beneficial interest in securities of the Company, such that the total of all beneficial interests
held by it amounts to 5.09% of the Company's total issued ordinary share capital.

The requisite notice in terms of section 122(3)(a) of the Companies Act has been filed with the
Takeover Regulation Panel. The board of the Company accepts responsibility for the
information contained in this announcement and confirms that, to the best of its knowledge and
belief, such information accurately reflects the information contained in the TRP 121.1 form
received by the Company from Granate and that this announcement does not omit anything
likely to affect the importance of the information contained in this announcement.

Paarl
3 December 2025

Sponsor
PSG Capital

Date: 03-12-2025 10:00:00
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