The board of Directors of KAP Limited resolved to appoint Mr. Andrew Mthembu to the Board as an independent non-executive director, with effect from 15 January 2024. Andrew obtained Bachelor of Science degrees in Chemistry and Biology from the University of Botswana and Eswatini and in civil engineering from the University of Calgary. He later obtained a Master of Science degree from Reading University in the United Kingdom.

Andrew also completed executive management programmes at the Wharton Business School and the University of Chicago Graduate School of Business in the United States of America. Andrew has fulfilled several senior roles in the Vodacom group, amongst others those of Deputy Group CEO and Managing Director of Vodacom South Africa. He advised the Minister of Public Enterprises on identifying cost-effective enterprise solutions for state-owned enterprises such as Transnet, South African Airways and Eskom, and he acted as an independent contractor at BCX.

In his earlier career, he was the Founding Chairman of Broadband Infraco SOC and served on the boards of Link Africa (Pty) Ltd. and Gijima Technologies (where he was the Lead Independent Non-Executive Director). At present, Andrew is the independent non-executive Chairman of EOH Limited, and a member of the entity's IT and Asset Disposal & Strategic Acquisition Committees. He also serves as the independent non-executive Chairman of Pingo, a joint venture between Shoprite and RTT.

Andrew is the Executive Chairman of his own investment company, Imphandze Investment Holdings, where he also consults as a strategic partner to leading businesses in key African industries. In accordance with the KAP Board Succession Plan, Andrew has also been appointed to the KAP Human Capital & Remuneration Committee and the Investment Committee on the same date. In accordance with paragraph 3.59(c) of the JSE Limited Listings Requirements, shareholders are advised that the following changes in key portfolio roles will occur with effect from 18 December 2023: Following the recent retirement of Mr. Jo Grové and his resignation from the Board, Mr. JA Holtzhausen has been appointed as the Lead Independent Non-executive Director of KAP; Mrs. Tamara Esau-Isaacs has taken on non-executive responsibilities at another listed entity and in view of the required time commitment, the Nomination Committee acceded to her request to step off the KAP Investment Committee.

The composition of this committee has been reinforced by the appointment of Andrew in her stead.