X0206 3 2021-08-12 1 0001865407 Kensington Capital Acquisition Corp. V KCGI 0001875497 Arney John Andrew 1400 OLD COUNTRY ROAD SUITE 301 WESTBURY NY 11590 1 1 0 0 Vice Chairman and President The reporting person has an indirect pecuniary interest in the issuer's Class B ordinary shares, par value $0.0001 per share, through his membership interests in Kensington Capital Sponsor V LLC, over which the reporting person does not have voting or dispositive control. As described in the issuer's registration statement on Form S-1 (File No. 333-257993) under the heading "Description of Securities-Founder Shares", the Class B ordinary shares will automatically convert into Class A ordinary shares, par value $0.0001 per share, of the issuer at the time of the issuer's initial business combination, or earlier at the option of the holder, on a one-for-basis, subject to adjustment for share sub-divisions, share capitalizations, reorganizations, recapitalizations and the like, and certain anti-dilution rights and have no expiration date. Exhibit 24 Power of Attorney. /s/ Justin Mirro attorney-in-fact for John Arney 2021-08-12