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 dealing in KAP
shares are disclosed in the table below:

 NAME OF DIRECTOR                                JA Holtzhausen

 COMPANY OF WHICH A DIRECTOR                     KAP Limited

 STATUS: EXECUTIVE/NON-EXECUTIVE                 Non-executive director

 TYPE AND CLASS OF SECURITIES                    Ordinary shares

 NATURE OF TRANSACTION                           Purchase of ordinary shares by an associate of a director
                                                 (on-market)
 DATE OF TRANSACTION                             17 September 2025

 NUMBER OF SECURITIES                            32 500
 TRANSACTED
 PRICE PER SECURITY (CENTS)                      154

 TOTAL RAND VALUE OF SECURITIES                  R50 050.00
 TRANSACTED
 NAME OF ASSOCIATE                               Daleiwan Investments (Pty) Ltd

 RELATIONSHIP WITH DIRECTOR                      The director is a director and shareholder of the associate.

 NATURE AND EXTENT OF INTEREST IN                Indirect, beneficial
 THE TRANSACTION

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

Stellenbosch
18 September 2025

Sponsor
PSG Capital

Date: 18-09-2025 11:00:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.