Dealings in shares by a director of a major subsidiary

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')

DEALINGS IN SHARES BY A DIRECTOR OF A MAJOR SUBSIDIARY

Shareholders are advised that the chief executive officer of PG Bison (Pty) Ltd, Gerhard Victor ("Director"), sold
KAP ordinary shares to diversify his investment portfolio as part of his medium-term retirement planning. He
retains more shares than required by the KAP remuneration policy.

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                                    Gerhard Victor

 COMPANY OF WHICH A DIRECTOR                         PG Bison (Pty) Ltd (Major subsidiary of the Company)

 STATUS: EXECUTIVE/NON-EXECUTIVE                     Executive

 TYPE AND CLASS OF SECURITIES                        Ordinary shares

 NATURE OF TRANSACTION                               Sale of shares by a director of a major subsidiary (on
                                                     market)

 DATE OF TRANSACTION                                 6 June 2025

 NUMBER OF SECURITIES TRANSACTED                     2,600,000

 PRICE PER SECURITY (CENTS)                          High: 255.00
                                                     Low: 250.00
                                                     Average: 250.54

 TOTAL RAND VALUE OF SECURITIES                      R6,514,040.00
 TRANSACTED

 NATURE AND EXTENT OF INTEREST IN                    Direct, beneficial
 THE TRANSACTION

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

Stellenbosch
9 June 2025

Sponsor
PSG Capital

Date: 09-06-2025 03:00:00
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