KAP LIMITED - Dealings in shares Transfer of shares from a director to an associate

Dealings in shares – Transfer of shares from a director to an associate

KAP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1978/000181/06)
Share code: KAP
ISIN: ZAE000171963
Company Alpha Code: KAP
LEI code: 3789001F51BC0045FD42
('KAP' or 'the Company')

DEALINGS IN SHARES – TRANSFER OF SHARES FROM A DIRECTOR TO AN ASSOCIATE

Shareholders are advised that the chief executive officer of the Company, Mr Frans Olivier ("Director"), sold
KAP ordinary shares to his associate, which transfer of shares does not affect the aggregate shareholding of
the Director and his associates in KAP.

In compliance with the JSE Listings Requirements, details of the transfer are disclosed in the table below:

 NAME OF DIRECTOR                                 FH Olivier

 COMPANY OF WHICH A DIRECTOR                      KAP Limited

 STATUS: EXECUTIVE/NON-EXECUTIVE                  Executive

 TYPE AND CLASS OF SECURITIES                     Ordinary shares

 NATURE OF TRANSACTIONS                           (1)   Off-market transaction in terms of which the Director
                                                        sold ordinary shares to his associate, The
                                                        Mashoweng Trust
                                                  (2)   Off-market transaction in terms of which The
                                                        Mashoweng Trust, an associate of the Director,
                                                        acquired ordinary shares from the Director

 DATE OF TRANSACTIONS                             4 March 2026

 NUMBER OF SECURITIES TRANSACTED                  349 253

 PRICE PER SECURITY (CENTS)                       190 (being the market price per share at close of business
                                                  on 3 March 2026)

 TOTAL RAND VALUE OF SECURITIES                   R663,580.70
 TRANSACTED

 NAME OF ASSOCIATE                                The Mashoweng Trust

 RELATIONSHIP WITH DIRECTOR                       The Director is a trustee and beneficiary of The
                                                  Mashoweng Trust

 NATURE AND EXTENT OF INTEREST IN                 (1)   Sale of shares by the Director: Direct beneficial
 THE TRANSACTIONS                                 (2)   Acquisition of shares by associate: Indirect beneficial

Clearance for the above was obtained in terms of the JSE Listings Requirements.

Stellenbosch
5 March 2026

Equity and Debt Sponsor
PSG Capital

Date: 05-03-2026 10:00:00
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