Results Of The 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”) RESULTS OF THE ANNUAL GENERAL MEETING Shareholders are hereby advised that at the annual general meeting of the Company held at 12:30 today, Thursday, 13 February 2020 at the Conference Venue, Lemoenkloof Guest House, 3 Malan Street, Paarl (“AGM”), all of the resolutions were passed by the requisite majorities of the Company’s shareholders. Details of the results of the voting at the AGM are as follows: Votes Votes for against resolution resolution as a as a Number of Number of percentage percentage shares shares of total of total voted at abstained number of number of Number of AGM as a as a Resolutions shares shares shares percentage percentage proposed at the voted at voted at voted at of shares in of shares in AGM AGM AGM AGM issue issue Ordinary resolution 99.98% 0.02% 55 483 521 74.81% 0.00% number 1: Reappointment of PricewaterhouseCo opers as the auditor Ordinary resolution 100% 0.00% 55 483 521 74.81% 0.00% number 2: To re-elect Mr JH le Roux as director Ordinary resolution 99.98% 0.02% 55 483 521 74.81% 0.00% number 3: To re-elect Mr HM Smit as director Ordinary resolution 100% 0.00% 55 483 521 74.81% 0.00% number 4: To re-elect Mrs D du Toit as director Ordinary resolution 99.12% 0.88% 55 483 521 74.81% 0.00% number 5: To reappoint Mr CA Otto as member of the Audit and Risk committee Ordinary resolution 100% 0.00% 55 483 521 74.81% 0.00% number 6: To reappoint Mrs D du Toit as member of the Audit and Risk committee Ordinary resolution 99.98% 0.02% 55 483 521 74.81% 0.00% number 7: To reappoint Mr BS du Toit as member of the Audit and Risk committee Ordinary resolution 96.61% 3.39% 55 483 521 74.81% 0.00% number 8: Non-binding endorsement of Kaap Agri’s remuneration policy Ordinary resolution 98.76% 1.24% 55 483 521 74.81% 0.00% number 9: Non-binding endorsement of Kaap Agri’s implementation report on the remuneration policy Ordinary resolution 95.06% 4.94% 55 483 521 74.81% 0.00% number 10: General authority to issue ordinary shares for cash Special resolution 100% 0.00% 55 483 521 74.81% 0.00% number 1: Approval of non- executive directors’ remuneration Special resolution 99.98% 0.02% 55 483 147 74.81% 0.00% number 2: Share repurchase by the company and its subsidiaries Special resolution 100% 0.00% 55 483 147 74.81% 0.00% number 3: Inter-company financial assistance Special resolution 100% 0.00% 55 483 147 74.81% 0.00% number 4: Financial assistance for the subscription and/or purchase of shares in the company or a related or inter- related company Note: The total number of shares in issue as at the date of the AGM was 74 170 277. Paarl 13 February 2020 Sponsor PSG Capital Date: 13-02-2020 05:00:00 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.