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 2016 Grant”).

The following information is disclosed in respect of the 2016 Grant:
-   Following approval of the 2016 Grant on 15 August 2016 by the KAP
    Human Resources & Remuneration Committee, letters of grant with an
    effective grant date of 1 December 2016, were issued to participants
    on 8 December 2016.
-   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 2019, 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          Value
                                rights granted            (R)
          GN Chaplin                 1,401,589     280 317.80

          FH Olivier                   713,328     142 665.60

          SP Lunga ***                 281,357      56 271.40

          LR Pollard *                 637,849     127 569.80
          
          G Victor *                   637,849      127 569.80

          GM van der Merwe *           486,753        97 350.60

          TR Nel **                    735,865        147 173.00

          RA de Beer ***               289,190        57 838.00

          BN Jamie ***                 229,734        45 946.80

          RH Singh ***                 268,063        53 612.60

    *     Director of KAP Diversified Industrial (Pty) Ltd
    **    Director of Unitrans Holdings (Pty) Ltd
    ***   Director of Unitrans Supply Chain Solutions (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
Steinhoff Secretarial Services Proprietary Limited
Company Secretary

9 December 2016
Sponsor: PSG Capital Proprietary Limited

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