KAL GROUP LIMITED - Settlement Of Awards Under KAL Groups Long-Term Incentive Plan

Settlement Of Awards Under KAL Group’s Long-Term Incentive Plan

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



SETTLEMENT OF AWARDS UNDER KAL GROUP’S LONG-TERM INCENTIVE PLAN


In compliance with the JSE Listings Requirements, the following information regarding the
vesting, automatic exercise and after-tax net-equity settlement of awards in terms of the KAL
Group Long-term Incentive Plan (“LTIP”), is disclosed:

1.
     NAME OF DIRECTOR                             GW Sim

     COMPANY OF WHICH A DIRECTOR                  KAL Group

     STATUS: EXECUTIVE/NON-EXECUTIVE              Executive

     TYPE AND CLASS OF SECURITIES                 Nil-cost options (“NCOs”) in relation to
                                                  ordinary shares

     NATURE OF DEALING                            Vesting, automatic exercise and after-tax
                                                  net-equity settlement of NCOs, resulting
                                                  in the delivery of ordinary shares to a
                                                  participant under the LTIP
                                                  (off-market dealing)

     DEALING DATE                                 29 September 2026
     (VESTING AND EXERCISE)

     SETTLEMENT DATE                              30 September 2026

     NUMBER OF NCOs VESTED                        61 932

     TOTAL VALUE OF NCOs VESTED                   R3 052 028.84, based on a deemed value
                                                  of R49.28 per NCO

     NUMBER OF ORDINARY SHARES                    34 062
     RECEIVED (POST-TAX NET EQUITY
     SETTLEMENT)

     NATURE AND EXTENT OF INTEREST IN             Direct, beneficial
     THE DEALING


2.
     NAME OF DIRECTOR                   HJ Smit

     COMPANY OF WHICH A DIRECTOR        Agrimark Operations Limited
                                        (a major subsidiary of KAL Group)

     STATUS: EXECUTIVE/NON-EXECUTIVE    Executive
     TYPE AND CLASS OF SECURITIES       NCOs in relation to ordinary shares

     NATURE OF DEALING                  Vesting, automatic exercise and after-tax
                                        net-equity settlement of NCOs, resulting
                                        in the delivery of ordinary shares to a
                                        participant under the LTIP
                                        (off-market dealing)

     DEALING DATE                       29 September 2026
     (VESTING AND EXERCISE)

     SETTLEMENT DATE                    30 September 2026

     NUMBER OF NCOs VESTED              36 702

     TOTAL VALUE OF NCOs VESTED         R1 808 686 .34, based on a deemed
                                        value of R49.28 per NCO

     NUMBER OF ORDINARY SHARES          20 186
     RECEIVED (POST-TAX NET EQUITY
     SETTLEMENT)

     NATURE AND EXTENT OF INTEREST IN   Direct, beneficial
     THE DEALING


3.
     NAME OF DIRECTOR                   T Sulaiman-Bray

     COMPANY OF WHICH A DIRECTOR        Agrimark Operations Limited
                                        (a major subsidiary of KAL Group)

     STATUS: EXECUTIVE/NON-EXECUTIVE    Executive

     TYPE AND CLASS OF SECURITIES       NCOs in relation to ordinary shares

     NATURE OF DEALING                  Vesting, automatic exercise and after-tax
                                        net-equity settlement of NCOs, resulting
                                        in the delivery of ordinary shares to a
                                        participant under the LTIP
                                        (off-market dealing)

     DEALING DATE                       29 September 2026
     (VESTING AND EXERCISE)

     SETTLEMENT DATE                    30 September 2026

     NUMBER OF NCOs VESTED              30 228

     TOTAL VALUE OF NCOs VESTED         R1 489 645.54, based on a deemed value
                                        of R49.28 per NCO

     NUMBER OF ORDINARY SHARES          16 625
     RECEIVED (POST-TAX NET EQUITY
     SETTLEMENT)
     NATURE AND EXTENT OF INTEREST IN   Direct, beneficial
     THE DEALING


4.
     NAME OF DIRECTOR                           AC Abeln

     COMPANY OF WHICH A DIRECTOR                Agrimark Operations Limited
                                                (a major subsidiary of KAL Group)

     STATUS: EXECUTIVE/NON-EXECUTIVE            Executive

     TYPE AND CLASS OF SECURITIES               NCOs in relation to ordinary shares

     NATURE OF DEALING                          Vesting, automatic exercise and after-tax
                                                net-equity settlement of NCOs, resulting
                                                in the delivery of ordinary shares to a
                                                participant under the LTIP
                                                (off-market dealing)

     DEALING DATE                               29 September 2026
     (VESTING AND EXERCISE)

     SETTLEMENT DATE                            30 September 2026

     NUMBER OF NCOs VESTED                      27 417

     TOTAL VALUE OF NCOs VESTED                 R1 351 118.56, based on a deemed value
                                                of R49.28 per NCO

     NUMBER OF ORDINARY SHARES                  15 079
     RECEIVED (POST-TAX NET EQUITY
     SETTLEMENT)

     NATURE AND EXTENT OF INTEREST IN           Direct, beneficial
     THE DEALING



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

 Paarl
 30 September 2026

 Sponsor
 PSG Capital
Date: 30/09/2026 12:15:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.