KAP INDUSTRIAL HOLDINGS LIMITED - Notice in terms of condition 8.5.3 and condition 8.6.3 of the terms and conditions of the Kap Programme Memorandum

Notice in terms of condition 8.5.3 and condition 8.6.3 of the terms and conditions of the Kap Programme Memorandum

KAP INDUSTRIAL HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1978/000181/06)
(“Issuer”)
JSE alpha code: KAP

NOTICE IN TERMS OF CONDITION 8.5.3 AND CONDITION 8.6.3 OF THE TERMS AND CONDITIONS OF THE
KAP INDUSTRIAL HOLDINGS LIMITED PROGRAMME MEMORANDUM DATED 5 JUNE 2014

1.      Reference is made to the KAP Industrial Holdings Limited ZAR10,000,000,000 Domestic Medium
        Term Note Programme (the “Programme”) established in terms of the programme memorandum
        dated 5 June 2014, as amended and/or supplemented from time to time (the “Programme
        Memorandum”), which Programme Memorandum is available on the Issuer’s website,
        www.kap.co.za.
2.      Capitalised terms used herein which are not otherwise defined shall bear the meaning ascribed
        thereto in the Programme Memorandum where the context requires.
3.      This notice is delivered by the Issuer to each of the registered holders of notes issued by the Issuer
        under the Programme, in accordance with Condition 8.5.3 and Condition 8.6.3, read together with
        condition 19 (Notices) of the terms and conditions of the Programme Memorandum (“Terms and
        Conditions”) that:
3.1             PG Bison Southern Cape Proprietary Limited and Mvelatrans Proprietary Limited have
                each resigned as a Guarantor for purposes of the Guarantee and have been released from
                their obligations as a Guarantor under the Guarantee and the Programme; and
3.2             Safripol Proprietary Limited has acceded as Guarantor for purposes of the Guarantee and
                has agreed to be bound by all the provisions of the Guarantee as if it had been an original
                party to the Guarantee.


Sandton
20 June 2019

Debt Sponsor:
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

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