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 p.m. today, Thursday, 9 February 2023 at the Conference Venue, Lemoenkloof Guest
House, 3 Malan Street, Paarl (“AGM”), all of the resolutions were passed by the requisite
majority 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   81.34%        18.66%         32 028 181    42.95%         0.07%
 number 1:
 Re-appointment of
 PwC Inc. as the
 auditor
 Ordinary resolution   99.99%        0.01%          32 025 541    42.95%         0.07%
 number 2:
 Confirmation of
 appointment of Ms
 B Mathews as
 director
 Ordinary resolution   99.43%        0.57%          32 028 258    42.95%         0.07%
 number 3:
 Re-election of Mr
 JH le Roux as
 director
 Ordinary resolution   99.71%        0.29%          32 028 258    42.95%         0.07%
 number 4:
 Re-election of Mrs
 D du Toit as
 director
Ordinary resolution    96.85%   3.15%    32 028 056   42.95%   0.07%
number 5:
Re-appointment of
Mr CA Otto as
member of the
Audit and Risk
committee
Ordinary resolution    99.92%   0.08%    32 028 258   42.95%   0.07%
number 6:
Re-appointment of
Mrs D du Toit as
member of the
Audit and Risk
committee
Ordinary resolution    96.08%   3.92%    30 744 174   41.23%   1.79%
number 7:
Re-appointment of
Mr BS du Toit as
member of the
Audit and Risk
committee
Ordinary resolution    99.99%   0.01%    32 028 258   42.95%   0.07%
number 8:
Appointment of Ms
B Mathews as
member of the
Audit and Risk
committee
Ordinary resolution    83.00%   17.00%   32 012 505   42.93%   0.09%
number 9:
Non-binding
endorsement of
Kaap Agri’s
remuneration policy
Ordinary resolution    88.20%   11.80%   32 030 100   42.95%   0.06%
number 10:
Non-binding
endorsement of
Kaap Agri’s
implementation
report on the
remuneration policy
Ordinary resolution    86.74%   13.26%   31 670 799   42.47%   0.55%
number 11:
General authority to
issue ordinary
shares for cash
Special resolution     99.46%   0.54%    32 023 445   42.95%   0.07%
number 1:
Approval of non-
executive directors’
remuneration
 Special resolution     99.47%   0.53%       32 031 981   42.96%       0.06%
 number 2:
 Share repurchases
 by the Company
 and its subsidiaries
 Special resolution     99.97%   0.03%       32 031 746   42.96%       0.06%
 number 3:
 Inter-company
 financial assistance
 Special resolution     98.97%   1.03%       32 031 752   42.96%       0.06%
 number 4:
 Financial
 assistance for the
 subscription and/or
 purchase of shares
 in the Company or
 a related or inter-
 related company
 Special resolution     99.99%   0.01%       32 022 674   42.94%       0.07%
 number 5:
 Change of name
 Ordinary resolution    99.97%   0.03%       32 028 578   42.95%       0.07%
 number 12:
 Authority

Note:
*Total number of shares in issue as at the date of the AGM was 74 567 680, of which
4 200 379 were treasury shares.

Paarl
9 February 2023

Sponsor
PSG Capital