No Change Statement and Notice of Annual General Meeting KAAP AGRI LIMITED (Incorporated in the Republic of South Africa) (Registration number: 2011/113185/06) Share code: KAL ISIN: ZAE000244711 (“Kaap Agri” or “the Company”) NO CHANGE STATEMENT AND NOTICE OF ANNUAL GENERAL MEETING Shareholders of Kaap Agri (“Shareholders”) are hereby advised that the Company’s summarised audited consolidated annual financial statements for the year ended 30 September 2018 (“Summarised Financial Statements”) are annexed to the notice of the annual general meeting of the Company (“AGM”) (“Notice of AGM”) that was dispatched to Shareholders today, 14 December 2018, and contains no modifications to the audited results which were announced on SENS on 29 November 2018. The following reports will also be available on the Company’s website, at www.kaapagri.co.za as from today, 14 December 2018: 1. the Notice of AGM, incorporating the Summarised Financial Statements (https://www.kaapagri.co.za/investor-relations/#fusion-tab-reports); and 2. the full audited consolidated annual financial statements of the Company for the year ended 30 September 2018 (https://www.kaapagri.co.za/investor-relations/#fusion-tab- reports). The Company’s full integrated annual report will be made available on Kaap Agri’s website on or about Thursday, 24 January 2019. Kaap Agri will, in due course, release a further announcement in this regard. NOTICE OF AGM Notice is hereby given that the AGM will be held at 12:30 on Thursday, 14 February 2019 at Kaap Agri Member Hall, 65 Voortrekker Road, Malmesbury to transact the business as set out in the notice of AGM which forms part of the Abridged Report. The date on which Shareholders must be recorded as such in the share register of the Company to be eligible to vote at the AGM is Friday, 8 February 2019, with the last day to trade being Tuesday, 5 February 2019. Malmesbury 14 December 2018 Sponsor PSG Capital Date: 14/12/2018 09:30:00 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.