KAAP AGRI LIMITED - Changes To The Board

Changes To The Board

KAAP AGRI LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2011/113185/06)
Share code: KAL
ISIN: ZAE000244711
(“the Company”)

CHANGES TO THE BOARD

In accordance with paragraph 3.59(a) of the JSE Limited Listings Requirements, the board
of directors of the Company (“Board”) wishes to advise that Ms Bridgitte Mathews
(“Bridgitte”) was, on 22 September 2022, appointed as an independent non-executive
director of the Board, as well as a member of both the audit and risk and the social and
ethics committees of the Company.

Bridgitte is a qualified chartered accountant and holds a postgraduate certificate in advanced
taxation from the University of South Africa. She currently serves on the board of trustees of
Redefine Empowerment Trust, and on the board of directors of both PSG Group Limited and
Metair Investments Limited.

Shareholders are further advised that Mr HM Smit (“Helgard”), an independent
non-executive director, who, in terms of the Company’s memorandum of incorporation, will
retire by rotation at the Company’s next annual general meeting (“AGM”), has advised the
Board that he will not be making himself available for re-election as a director at the AGM.
This will also result in Helgard ceasing to be a member of the social and ethics committee of
the Company. Helgard will continue serving as a co-opted member of the Company’s
finance committee, following his retirement as a director. It is currently anticipated that the
AGM will be held in February 2023.

The Board welcomes Bridgitte and looks forward to her contribution to the Company.
Furthermore, the Board expresses its appreciation to Helgard for his valuable contribution to
the Company over many years.

Paarl
26 September 2022

Sponsor
PSG Capital

Date: 26-09-2022 03:30:00
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