KAL GROUP LIMITED — M&A Activity 2026

Mar 10, 2026

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

ESWATINI COMPETITION COMMISSION APPROVAL OF THE DISPOSAL OF AGRIPLAS PROPRIETARY LIMITED

Shareholders are referred to the various announcements released on the JSE's Stock Exchange News Service on 22 September 2025, 2 February 2026 and 16 February 2026, respectively, with the latter relating to the closing of the disposal of Agriplas Proprietary Limited ("Closing Announcement").

The Company is pleased to advise shareholders that the Eswatini Competition Commission has approved the Sale Transaction, as defined in the Closing Announcement.

All suspensive conditions have now been fulfilled and, accordingly, the disposal has become unconditional and will now also be implemented in the territory of the Kingdom of Eswatini.

Paarl
10 March 2026

Transaction Advisor and Transaction Sponsor
Valeo Capital (Pty) Ltd

Valeo Capital
Legal Advisor
Andersen South Africa

ANDERSEN
Sponsor
PSG Capital

PSG CAPITAL