KAP INDUSTRIAL HOLDINGS LIMITED - Dealings In Company Shares - Grant Of Share Rights To Directors

Dealings In Company Shares - Grant Of Share Rights To Directors

KAP Industrial Holdings Limited
Incorporated in the Republic of South Africa)
Registration number: 1978/000181/06
Share Code: KAP
ISIN: ZAE0000171963
(“KAP” or “the Company”)


DEALINGS IN COMPANY SHARES - GRANT OF SHARE RIGHTS TO DIRECTORS

In compliance with rules 3.63 to 3.74 of the JSE Limited Listings
Requirements, shareholders are advised that off-market grants of share
rights over ordinary shares of no par value in KAP (“KAP Shares”) have
been made to certain executive directors of KAP and of its major
subsidiaries in terms of the KAP Share Rights Scheme (“the 2017 Grant”).

The following information is disclosed in respect of the 2017 Grant:

•   Following approval of the 2017 Grant on 14 August 2017 by the KAP
    Human Resources & Remuneration Committee, letters of grant with an
    effective grant date of 1 December 2017, were issued to participants
    on 11 December 2017.
•   In all instances, the share rights are held in a direct beneficial
    capacity.
•   The share rights shall mature on the third anniversary of the grant
    date, i.e. on 1 December 2020, and vesting is subject to the
    achievement of relevant performance criteria.
•   The rights are for KAP Shares and will expire after the maturity
    date if the rights have not vested.
•   The following number of share rights were granted to the below-
    mentioned executive directors at R0.20 (twenty cents) per KAP Share:


Name of director              Number of rights                   Value
                                       granted                     (R)
GN Chaplin*                          1,198,565              239,713.00
FH Olivier*                            588,636              117,727.20
SP Lunga**                             227,273               45,454.60
LR Pollard**                           508,295              101,659.00
VV Zondani**                           299,043               59,808.60
G Victor**                             508,295              101,659.00
TR Nel***                              586,568               117,313.60
RA de Beer***                          230,453                46,090.60

    *     Director of KAP Industrial Holdings Ltd
    **    Director of KAP Diversified Industrial (Pty) Ltd
    ***   Director of Unitrans Holdings (Pty) Ltd

The grant of the share rights has taken place in terms of the rules of the 
Share Rights Scheme and accordingly, no clearance as contemplated in Rule 3.66 
of the Listings Requirements, is required.


By order of the Board
Company Secretary
13 December 2017

Sponsor: PSG Capital Proprietary Limited

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