In accordance with paragraph 3.59(c) of the Listings Requirements of the JSE Limited, shareholders are herewith informed that Vivien McMenamin (Viv), an independent non-executive director on the board of directors of KAP (Board) has resigned as a member of the KAP Social and Ethics committee and the KAP Human Capital and Remuneration committee due to an increase in her executive responsibilities at her employer, Mondi PLC. Following this, both committees remain compliant with applicable statutory and best practice membership criteria. Notwithstanding, this change in her committee portfolio duties, Viv will remain an independent non-executive director on the Board.
The Board believes that Viv's increased exposure in her expanded role at Mondi will bring a broader dimension and add further value to its deliberations. To this end, the Board congratulates Viv on her expanded role at Mondi.