KAP LIMITED - Updated board director nomination and appointment policy

Updated board director nomination and appointment policy

KAP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1978/000181/06)
Company Alpha Code: KAP
LEI code: 3789001F51BC0045FD42
('KAP')

UPDATED BOARD DIRECTOR NOMINATION AND APPOINTMENT POLICY

In accordance with paragraphs 7.7 and 7.8 of the JSE Debt & Specialist Securities Listings Requirements,
noteholders are advised that KAP has simplified and consolidated its policy dealing with the nomination and
appointment of directors, which was previously outlined in the board charter and the board diversity policy, into
a single, stand-alone policy document ("New Policy").

KAP confirms that the New Policy does not contain any material amendments to, or deviations from, its
previous policy on the nomination and appointment of directors.

The New Policy was approved and adopted by the board of directors of KAP on, and with effect from,
29 November 2024 and is available on KAP's website at: https://kap.co.za/company-policies/.

Stellenbosch
2 December 2024

Debt Sponsor
PSG Capital

Date: 02-12-2024 09:00:00
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.