KAP updates Southern Cape forestry, sawmilling merger, targets Oct. 1 close under revised structure

• KAP’s PG Bison unit revised plans to merge its Southern Cape forestry and sawmilling operations with MTO Forestry’s Cape business.
• Safcol will keep an 11.32% stake in MTO Forestry until a community trust is established; excluded assets will be warehoused in a subsidiary.
• PG Bison Southern Cape will instead be sold to Cape Pine Investment Holdings, which will also own 88.68% of MTO Forestry.
• Cape Pine will sit under Cape Forest Products, owned 49% by PG Bison and 51% by Wild Peach Investment Holdings.
• Completion is targeted for Oct. 1, 2026, subject to funding and no major fire damage to mills, plants, or timber.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. KAP Ltd. published the original content used to generate this news brief via SENS, the regulatory disclosure system operated by the Johannesburg Securities Exchange (JSE) (Ref. ID: S601660), on August 19, 2026, and is solely responsible for the information contained therein.