Kap Industrial Holdings Limited (JSE:KAP) News - Results Of The Annual General Meeting KAP INDUSTRIAL HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1978/000181/06) Share code: KAP ISIN: ZAE000171963 (“KAP” or “the Company”) RESULTS OF THE ANNUAL GENERAL MEETING Shareholders are hereby advised that at the annual general meeting of the Company held at 14:00 today, Thursday, 18 November 2021 at the Protea Hotel, Techno Avenue, Technopark in Stellenbosch (“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 in Votes favour of 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 AGM as a as a Resolutions shares shares Number of percentage percentage proposed at the voted at voted at shares voted of shares in of shares in AGM AGM AGM at AGM issue* issue* Ordinary resolution 87,25% 12,75%` 2 248 823 631 88,84% 0,09% number 1: Appointment of independent external audit firm and individual auditor Ordinary resolution 100% 0% 2 248 823 131 88,84% 0,09% number 2: Confirmation of the appointment of Mrs TC Esau-Isaacs as a director with effect from 30 June 2021 Ordinary resolution number 3: Re-election of directors who retire by rotation and appointment of executive director: 3.1 95,51% 4,49% 2 248 823 631 88,84% 0,09% Mr KJ Grové 3.2 99,81% 0,19% 2 248 823 631 88,84% 0,09% Mr PK Quarmby Ordinary resolution 99,98% 0,02% 2 247 186 904 88,78% 0,15% number 4: Election of Mr SP Lunga as a new executive director Ordinary resolution number 5: Election of audit and risk committee members: 5.1 98,83% 1,17% 2 246 571 869 88,76% 0,18% Mr KT Hopkins 5.2 98,80% 1,20% 2 248 823 631 88,84% 0,09% Ms Z Fuphe 5.3 99,09% 0,91% 2 248 823 631 88,84% 0,09% Mr SH Müller 5.4 98,84% 1,16% 2 248 823 631 88,84% 0,09% Mrs TC Esau- Isaacs Ordinary resolution 63,41% 36,59% 2 247 186 404 88,78% 0,15% number 6: Placing of preference shares under the control of the directors for commercial purposes Ordinary resolution 99,05% 0,95% 2 248 813 631 88,84% 0,09% number 7: General authority to distribute share capital and reserves Ordinary resolution number 8: Non-binding advisory votes to endorse KAP’s: 8.1 91,96% 8,04% 2 247 178 574 88,78% 0,16% Remuneration policy 8.2 98,19% 1,81% 2 247 179 074 88,78% 0,16% Implementation report of the remuneration policy Ordinary resolution 96,31% 3,69% 2 247 196 404 88,78% 0,15% number 9: Ratification of transactions relating to personal financial interests arising from the executive directors’ multiple intergroup directorships Special resolution 100% 0% 2 248 850 131 88,85% 0,09% number 1: General authority to repurchase shares issued by the company and its subsidiaries Special resolution number 2: Approval of fees payable to non- executive directors: 2.1 99,88% 0,12% 2 247 179 874 88,78% 0,16% Independent non- executive chairperson 2.2 98,59% 1,41% 2 247 179 874 88,78% 0,16% Lead independent non-executive director 2.3 99,90% 0,10% 2 247 179 874 88,78% 0,16% Board member 2.4 99,85% 0,15% 2 247 180 374 88,78% 0,16% Additional unscheduled formal meetings (fee per formal meeting) 2.5 98,69% 1,31% 2 247 180 374 88,78% 0,16% Audit and risk committee chairperson 2.6 98,69% 1,31% 2 247 180 374 88,78% 0,16% Audit and risk committee member 2.7 100% 0% 2 247 180 374 88,78% 0,16% Human capital and remuneration committee chairperson 2.8 100% 0% 2 247 180 374 88,78% 0,16% Human capital and remuneration committee member 2.9 98,53% 1,47% 2 247 311 074 88,78% 0,15% Social and ethics committee chairperson 2.10 99,99% 0,01% 2 247 311 074 88,78% 0,15% Social and ethics committee member 2.11 100% 0% 2 247 179 874 88,78% 0,16% Nomination committee chairperson (fee per formal meeting) 2.12 100% 0% 2 247 179 874 88,78% 0,16% Nomination committee member (fee per formal meeting) 2.13 99,96% 0,04% 2 247 179 874 88,78% 0,16% Investment committee chairperson (fee per formal meeting) 2.14 99,96% 0,04% 2 247 179 874 88,78% 0,16% Investment committee member (fee per formal meeting) 2.15 76,36% 23,64% 2 247 180 374 88,78% 0,16% Approved informal meetings Special resolution 94,03% 5,97% 2 247 196 204 88,78% 0,15% number 3: General authority to provide financial assistance Note: *Total number of shares in issue as at 12 November 2021, the record date to be eligible to vote at the AGM, was 2 531 201 473. Stellenbosch 18 November 2021 Sponsor PSG Capital Date: 18-11-2021 05:50:00 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.