ANNUAL GENERAL MEETING 2025 APPROVES THE EXONERATION OF THE MANAGEMENT BOARD AND SUPERVISORY BOARD BY A LARGE MAJORITY

KAP AG: ANNUAL GENERAL MEETING 2025 APPROVES THE EXONERATION OF THE MANAGEMENT BOARD AND SUPERVISORY BOARD BY A LARGE MAJORITY

Fulda, 11 July 2025 – The shareholders of KAP AG (“KAP”), a mid-sized industrial holding company listed on the stock exchange (German securities identification number: WKN 620840; ISIN DE0006208408), today voted on the resolution proposed by the Management Board and Supervisory Board at the Company’s 39th Annual General Meeting. On aggregate, around 84% of the share capital was represented at the Annual General Meeting, held as an in-person event.

The Annual General Meeting approved by a large majority the exoneration of the Management Board and Supervisory Board. The shareholders also resolved to appoint Mazars GmbH & Co. KG as auditor of the separate financial statements and the consolidated financial statements and – if necessary – as auditor of the sustainability report. Finally, the Annual General Meeting also approved the remuneration report. The detailed voting results on the individual agenda items are published at https://www.kap.de/en/investor-relations/general-meeting.

In his speech, Thorsten Diel, CFO of KAP AG, outlined the strategic progress that the Company has made in a generally challenging environment. He emphasized that 2024 presented extremely challenging economic conditions for many industrial companies in Europe – particularly in view of the geopolitical uncertainties, unclear economic policy and a decline in industrial production in Germany. Nevertheless, he noted, KAP AG succeeded in actively further optimising its portfolio, stating that the sale of the precision components segment has streamlined structures and at the same time significantly reduced dependence on the automotive sector. In its three core segments, the Company was able to streamline processes, adapt its organisational structures and leverage synergies in order to increase efficiency and profitability. Today, he said, the Company is more agile and focused, and therefore more profitable than it was only twelve months earlier.

Spokesman of the Management Board, Marten Julius, was unable to attend the Annual General Meeting at short notice for health reasons. In light of this, the Supervisory Board has appointed to the Management Board on an interim basis for a period of three months the two long-standing executives Thorsten Diel, CFO, and Stefan Deller, Head of Legal and Compliance, effective 9 July 2025 in order to ensure the continuity of the company's management.

Contact:
KAP AG
Kai Knitter
Head of Investor Relations & Corporate Communications
investorrelations@kap.de
+49 661 103 327

About KAP AG
KAP AG is a listed industrial holding company focused on upper mid-size operating companies that seizes attractive growth opportunities in their respective niche markets. Specifically, KAP AG currently focuses on three core segments: engineered products, flexible films and surface technologies. KAP AG currently has over 1,600 employees at 19 locations in ten countries. With active investment management, KAP focuses on continuously optimizing the existing portfolio and creating value. At the same time, the individual strengths and identities of the companies operating successfully on the market are preserved. KAP AG’s shares are listed on the Regulated Market of the Frankfurt Stock Exchange (General Standard, ISIN DE0006208408).