KAP LIMITED (former name: KAP Industrial Holdings Limited) (Incorporated in the Republic of South Africa) (Registration number: 1978/000181/06) Company Alpha Code: KAP LEI code: 3789001F51BC0045FD42 (“KAP”) CHANGE IN DEBT SPONSOR In accordance with paragraph 2.6 of the JSE Limited Debt Listings Requirements, bondholders are hereby advised of the termination of Nedbank Corporate and Investment Banking, a division of Nedbank Limited, as Debt Sponsor to KAP, with effect from 31 May 2024. Furthermore, PSG Capital Proprietary Limited, which currently serves as KAP’s Equity Sponsor, has been appointed as Debt Sponsor to KAP, with effect from 1 June 2024. The reason for the change in Debt Sponsor is that KAP believes that appointing a single party as both its Equity Sponsor and Debt Sponsor will reduce its administrative burden and improve efficiency. Stellenbosch 4 April 2024 Debt Sponsor Nedbank Corporate and Investment Banking, a division of Nedbank Limited