KAP LIMITED - Disclosure of acquisition of securities

Disclosure of acquisition of securities

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')

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

Date: 15-05-2026 03:30:00
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.