KAP INDUSTRIAL HOLDINGS LIMITED - Dealings In Company Shares By Directors

Dealings In Company Shares By Directors

KAP Industrial Holdings Limited
Incorporated in the Republic of South Africa)
Registration number: 1978/000181/06
Share Code: KAP
ISIN: ZAE000171963
(“KAP”, “the Company” or “the Group”)

DEALINGS IN COMPANY SHARES BY DIRECTORS

It is herewith disclosed, as required in terms of paragraphs 3.63 to 3.68 of
the Listings Requirements of the JSE Limited, that the below-mentioned
executive directors of KAP, through their associates, have disposed of the
under-mentioned number of KAP ordinary shares of no par value in on-market
transactions on 8 December 2017 in order to settle other share-related debt
obligations. Despite these obligatory disposals, both directors remain soundly
invested in KAP securities.

                                               
                               Number of      Market price                 Market value
  Name of director             shares sold    (cents per                      (R) 
                                                share)                               
                                                  
  GN Chaplin
  (a director of associate                          High:798
  Straalhoek Sawmill (Pty)      1 621 316            Low:790             12 853 091.17
  Ltd)                                           Average:793

  GN Chaplin
  (a trustee and                                                 
  beneficiary of associate                        High:798
  BSL Plus One Trust)             350 000          Low:797                 2 792 182.68
                                                Average:798 
                                                 
  
  
  FH Olivier
  (a director of associate                         High: 800
  Mashoweng Investments              279 106        Low: 790               2 226 001.98
  (Pty) Ltd)                                       VWAP: 797


Each director had an indirect beneficial interests in his transaction(s).

As required in terms of paragraph 3.66 of the Listings Requirements of the
JSE Limited, clearance to deal in securities has been granted for the above
transactions.

By order of the Board
Company Secretary

12 December 2017
Sponsor: PSG Capital (Pty) Limited

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