The board of directors of Kaap Agri Limited announced that Ms Bridgitte Mathews ("Bridgitte") was, on 22 September 2022, appointed as an independent non-executive director of the Board, as well as a member of both the audit and risk and the social and ethics committees of the Company. Bridgitte is a qualified chartered accountant and holds a postgraduate certificate in advanced taxation from the University of South Africa. She currently serves on the board of trustees of Redefine Empowerment Trust, and on the board of directors of both PSG Group Limited and Metair Investments Limited.

Shareholders are further advised that Mr. HM Smit ("Helgard"), an independent non-executive director, who, in terms of the Company's memorandum of incorporation, will retire by rotation at the Company's next annual general meeting ("AGM"), has advised the Board that he will not be making himself available for re-election as a director at the AGM. This will also result in Helgard ceasing to be a member of the social and ethics committee of the Company. Helgard will continue serving as a co-opted member of the Company's finance committee, following his retirement as a director.

It is currently anticipated that the AGM will be held in February 2023.