KAP LIMITED - Change to the Board of Directors of Kap

Change to the Board of Directors of Kap

KAP LIMITED
(former name: KAP Industrial Holdings Limited)
(Incorporated in the Republic of South Africa)
(Registration number: 1978/000181/06)
Share code: KAP
ISIN: ZAE000171963
LEI code: 3789001F51BC0045FD42
('KAP' or 'the Company')

CHANGE TO THE BOARD OF DIRECTORS OF KAP

In accordance with paragraph 3.59(a) of the JSE Limited Listings Requirements, shareholders are
advised that the board of directors of KAP ('the Board') resolved to appoint Mr Sipho Nkosinathi
Maseko ('Sipho') as an independent non-executive director of KAP, with effect from 15 March 2024.

Sipho holds a Bachelor of Arts and a Bachelor of Laws (LLB). His professional experience includes
articles at Werksmans, followed by positions at the Department of Trade and Industry and the
Financial Services Board. Sipho spent more than a decade with BP South Africa, for the majority of
which he served as the Managing Director of Retail Southern Africa, whereafter he was the Chief
Operating Officer and Chief Executive Officer for BP Africa. He later joined Vodacom as Managing
Director South Africa and Chief Operating Officer. Most recently, Sipho served as the Chief Executive
Officer of Telkom, for 9 years.

Sipho has previously served as chairman of Shell and BP South African Petroleum Refineries
(SAPREF) and as a non-executive director of Afrox Ltd, Gyro Group and Trudon Pty Ltd. He is
currently an independent non-executive director of Shoprite Holdings Ltd, an advisory board member
of the Centre for Development and Enterprises, and runs his own family office, which participates in
real estate, infrastructure and agriculture advisory services.

In accordance with the KAP Board Succession Plan, Sipho has also been appointed to the KAP
Investment Committee and the KAP Social and ethics Committee on the same date.

The Board welcomes Sipho and is looking forward to his valuable contribution to the future growth
and development of KAP.

By order of the Board
KAP Secretarial Services Proprietary Limited

Stellenbosch
12 March 2024

Sponsor
PSG Capital

Date: 12-03-2024 02:00:00
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