KAP INDUSTRIAL HOLDINGS LIMITED - Change to the Board of Directors

Change to the Board of Directors

KAP INDUSTRIAL HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1978/000181/06)
Share code: KAP
ISIN: ZAE000171963
LEI code: 3789001F51BC0045FD42
(“KAP” or “the Company”)

CHANGE TO THE BOARD OF DIRECTORS

Shareholders are referred to the announcement published on SENS on 21 October 2022, in which
the Company advised that Mr J de V du Toit (“Jaap”) would not be making himself available for re-
election when he retired by rotation at the Company’s 2022 Annual General Meeting (“AGM”), after
having served on the KAP board of directors (“Board”) for a period of 10 years.

The Company accordingly herewith confirms Jaap’s retirement as an independent non-executive
director and a member of the nomination committee with effect from the date of the AGM.

The nomination committee has reviewed the suitability of the composition of the Board, following
Jaap’s retirement, and is satisfied that the Board collectively has the necessary skills and expertise
to continue to operate efficiently until such time as a suitable candidate with the relevant experience
and expertise has been found to replace Jaap as an independent non-executive director of the
Company in terms of the Board’s forward-looking succession plan. Shareholders will be advised, in
accordance with the provisions of the JSE Listings Requirements, as soon as such an appointment
has been made.

The Board would like to thank Jaap for his valuable contribution to the Company and wishes him
well in his retirement.

Stellenbosch
25 November 2022

Sponsor
PSG Capital

Date: 25-11-2022 12:00:00
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