KAP LIMITED — Director's Dealing 2026

Mar 2, 2026

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')

KAP
BEING THE CHANGE

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 TRANSACTED	1,414,573
PRICE PER SECURITY (CENTS)	High: 239
Low: 235
Ave: 236
TOTAL RAND VALUE OF SECURITIES TRANSACTED	R3,338,707.96
NATURE AND EXTENT OF INTEREST IN THE TRANSACTION	Direct, beneficial

• 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

PSG CAPITAL