KAP LIMITED - Dealing in shares by a director

Dealing in shares by a director

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')

DEALING IN SHARES BY A DIRECTOR

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

 NAME OF DIRECTOR                                SP Lunga*

 COMPANY OF WHICH A DIRECTOR                     KAP Limited

 STATUS: EXECUTIVE/NON-EXECUTIVE                 Executive

 TYPE AND CLASS OF SECURITIES                    Ordinary shares

 NATURE OF TRANSACTION                           Sale of shares (on-market)

 DATE OF TRANSACTION                             27 February 2026

 NUMBER OF SECURITIES                            1,414,573
 TRANSACTED

 PRICE PER SECURITY (CENTS)                      High: 239
                                                 Low: 235
                                                 Ave: 236

 TOTAL RAND VALUE OF SECURITIES                  R3,338,707.96
 TRANSACTED

 NATURE AND EXTENT OF INTEREST IN                Direct, beneficial
 THE TRANSACTION

* As previously communicated in the SENS announcement dated 30 January 2026, Penwell Lunga has resigned
as an executive director, with effect from 30 April 2026. Penwell informed the Company that the above trade
was undertaken as part of a broader rebalancing of his portfolio, which was triggered by his resignation.

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

Stellenbosch
2 March 2026

Equity and Debt Sponsor
PSG Capital

Date: 02-03-2026 02:30:00
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