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KAP INDUSTRIAL HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1978/000181/06) JSE alpha code: KAP LEI code: 3789001F51BC0045FD42 (“KAP” or “the Company”) CHANGE TO THE BOARD OF DIRECTORS Noteholders 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, being 21 November 2022. 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. Noteholders will be advised, in accordance with the provisions of the Debt 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 Debt Sponsor: Nedbank Corporate and Investment Banking, a division of Nedbank Limited
