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Disposal of Agriplas Proprietary Limited extension of suspensive condition fulfilment date and waiver
KAL GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2011/113185/06)
Share code: KAL
ISIN: ZAE000244711
("the Company")
DISPOSAL OF AGRIPLAS PROPRIETARY LIMITED EXTENSION OF SUSPENSIVE
CONDITION FULFILMENT DATE, WAIVER OF SUSPENSIVE CONDITION AND
AMENDMENT TO THE EFFECTIVE DATE
Shareholders are referred to the announcement released on the JSE's Stock Exchange News
Service on 22 September 2025, wherein shareholders were advised that the Company and its
wholly owned subsidiary, Agrimark Operations Limited ("Agrimark"), have entered into a sale
of shares and claims agreement ("the Agreement") with Agriplas Holdings Proprietary Limited
("Purchaser") in terms of which the Company would dispose of the entire issued share capital
of Agriplas Proprietary Limited ("Agriplas"), as well as all claims held by Agrimark against
Agriplas, to the Purchaser.
Shareholders were further advised that the Company, Agriplas, Agrimark and the Purchaser
have entered into a sale of property agreement in terms of which Agrimark would sell the
property on which the Agriplas manufacturing facility is based to Agriplas.
(collectively, "the Disposals").
The Company now wishes to advise shareholders that all suspensive conditions to the
Disposals have been fulfilled, save for the condition requiring Eswatini Competition
Commission approval, which fulfilment date the parties have agreed to extend to
16 February 2026 in terms of an addendum to the Agreement ("the Addendum").
In terms of the Addendum, the parties have also agreed to waive the suspensive condition
requiring the conveyancer to confirm the signature of all of the property transfer documents
and payment of all amounts relating to the transfer, and to amend the effective date of the
Disposals to 31 January 2026.
The Company will update the market on any progress in due course.
Paarl
2 February 2026
Transaction Advisor and Transaction Sponsor
Valeo Capital (Pty) Ltd
Legal Advisor
Andersen South Africa
Sponsor
PSG Capital
Date: 02-02-2026 09:03:00
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