KAL GROUP LIMITED - Settlement Of Awards Under KAL Groups Long-Term Incentive Plan

Settlement Of Awards Under KAL Group’s Long-Term Incentive Plan

KAL GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2011/113185/06)
ISIN: ZAE000244711
Share code: KAL
("KAL Group")

SETTLEMENT OF AWARDS UNDER KAL GROUP'S LONG-TERM INCENTIVE PLAN

In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the
following information regarding the vesting, automatic exercise and after-tax net-equity
settlement of awards in terms of the KAL Group Long-term Incentive Plan ("LTIP"), is
disclosed:

NAME OF DIRECTOR                                LJ Abrams

COMPANY OF WHICH A DIRECTOR                     PEG Retail Holdings (Pty) Ltd
                                                (a major subsidiary of KAL Group)

STATUS: EXECUTIVE/NON-EXECUTIVE                 Executive

TYPE AND CLASS OF SECURITIES                    Nil-cost options ("NCOs") in relation to
                                                ordinary shares

NATURE OF TRANSACTION                           Vesting, automatic exercise and after-tax
                                                net-equity settlement of NCOs, resulting
                                                in the delivery of ordinary shares to a
                                                participant under the LTIP
                                                (off-market transaction)

TRANSACTION DATE                                2 December 2024
(VESTING, EXERCISE AND SETTLEMENT)

NUMBER OF NCOs VESTED                           3,393

TOTAL VALUE OF NCOs VESTED                      R170,785.97, based on a deemed value
                                                of R50.33 per NCO

NUMBER OF ORDINARY SHARES                       1,866
RECEIVED (POST-TAX NET EQUITY
SETTLEMENT)

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 Limited Listings
Requirements.

Paarl
3 December 2024

Sponsor
PSG Capital

Date: 03-12-2024 09:00:00
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