KAL GROUP LIMITED - Appointment of Directors

Appointment of Directors

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

APPOINTMENT OF DIRECTORS

In accordance with the JSE Listings Requirements, the board of directors of the Company
(“Board”) is pleased to announce that Mr Anton Fuchs and Ms Mantsho Barbara Makhubedu
have been appointed as independent non-executive directors of the Company with effect from
7 October 2026 (“Effective Date”). Ms Makhubedu has also been appointed to the KAL audit
and risk committee with effect from the Effective Date.

Mr Fuchs is a seasoned chief executive and business leader with nearly 25 years of experience
spanning private equity, agriculture, logistics, and fresh produce, sales and marketing. He
spent almost a decade as chief operating officer of the private equity investment firm Arch
Equity, subsequently known as Thembeka Capital, before joining the Capespan Group, a
multinational fresh produce, export and supply-chain business. During his 12 years with the
Capespan Group, he held various senior executive leadership positions, including eight years
as group chief executive officer. Mr Fuchs holds a BCom Law degree and an LLB degree from
Stellenbosch University.

Ms Makhubedu is an accomplished finance executive with more than 25 years of experience
across the fuel, property and financial services sectors. She has held chief financial officer
(“CFO”) and executive leadership positions, including serving as CFO and executive director
of Shell’s integrated downstream business in South Africa and as CFO of a previously
JSE-listed commercial property group. With more than 15 years of experience in the fuel
sector, including roles based in South Africa and the Netherlands, she brings extensive
financial and commercial expertise gained during periods of significant organisational change,
the global pandemic and economic volatility. Ms Makhubedu qualified as a chartered
accountant and additionally holds a Postgraduate Higher Diploma in Taxation from the
University of Cape Town.

The Board confirms that a fit and proper assessment, as contemplated in the JSE Listings
Requirements, was undertaken in respect of both appointments and that the Board is satisfied
with the outcome thereof.

Mr Fuchs and Ms Makhubedu have each completed a director’s declaration in accordance with
paragraph 6.74 of the JSE Listings Requirements and the Company confirms that such
declarations do not contain any matters requiring disclosure.

The Board welcomes Mr Fuchs and Ms Makhubedu and looks forward to their contribution to
the Company.

Paarl
6 October 2026

Sponsor
PSG Capital
Date: 06/10/2026 04:26:00
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