KAP LIMITED — Major Shareholding Notification 2026

May 15, 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

DISCLOSURE OF ACQUISITION OF SECURITIES

In accordance with section 122(3)(b) of the Companies Act, No. 71 of 2008, as amended ('Companies Act'), and the JSE Limited Listings Requirements, shareholders are hereby advised that the Company has received formal notification in the prescribed form from Fairtree Asset Management (Pty) Ltd ('Fairtree'), advising that is has, on behalf of its clients, acquired a beneficial interest in securities of the Company, such that the total of all beneficial interests held by it, on behalf of its clients, amounts to 5.08% of the Company's total issued ordinary share capital.

The requisite notice in terms of section 122(3)(a) of the Companies Act has been filed with the Takeover Regulation Panel.

The board of the Company accepts responsibility for the information contained in this announcement and confirms that, to the best of its knowledge and belief, such information accurately reflects the information contained in the TRP 121.1 form received by the Company from Fairtree, on behalf of its clients, and that this announcement does not omit anything likely to affect the importance of the information contained in this announcement.

Stellenbosch
15 May 2026

Sponsor
PSG Capital

PSG CAPITAL