KAP Industrial Holdings Limited 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.