Dealing in Shares by an Associate of 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 AN ASSOCIATE OF A DIRECTOR

In compliance with paragraphs 3.63 to 3.74 of the JSE Listings Requirements, details of the dealings in KAP
shares are disclosed in the table below:

 NAME OF DIRECTOR                                 FH Olivier

 COMPANY OF WHICH A DIRECTOR                      KAP Limited

 STATUS: EXECUTIVE/NON-EXECUTIVE                  Executive director (Chief financial officer)

 TYPE AND CLASS OF SECURITIES                     Ordinary shares

 NATURE OF TRANSACTION                            Purchase of ordinary shares by an associate (on-market)

 DATE OF TRANSACTION                              28 August 2025

 NUMBER OF SECURITIES TRANSACTED                  529 000

 PRICE PER SECURITY (CENTS)                       High: 191
                                                  Low:185
                                                  Average:188.08
 TOTAL RAND VALUE OF SECURITIES                   R994 945.62
 TRANSACTED
 NAME OF ASSOCIATE                                The Mashoweng Trust

 RELATIONSHIP WITH DIRECTOR                       The director is a trustee and beneficiary of The
                                                  Mashoweng Trust
 NATURE AND EXTENT OF INTEREST IN THE             Indirect, beneficial
 TRANSACTION

Clearance for the above was obtained in terms of paragraph 3.66 of the JSE Listings Requirements.

Stellenbosch
29 August 2025

Sponsor
PSG Capital

Date: 29-08-2025 02:00:00
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