KAP LIMITED - Dealings in Shares Transfer of Shares from a Director to his Associate

Dealings in Shares – Transfer of Shares from a Director to his Associate

KAP LIMITED
(Formerly KAP Industrial Holdings Limited)
(Incorporated in the Republic of South Africa)
(Registration number: 1978/000181/06)
JSE Alpha code: KAP
LEI code: 3789001F51BC0045FD42
(‘KAP’ or ‘the Company’)


DEALINGS IN SHARES – TRANSFER OF SHARES FROM A DIRECTOR TO HIS ASSOCIATE


Noteholders are advised that the chief financial officer of the Company, Frans Olivier ("Director”), transferred
KAP shares held by him to his associate, which transfer does not affect the aggregate shareholding of the
Director and his associates in KAP.

In compliance with paragraphs 6.42 to 6.53 of the Debt Listings Requirements, details of the transfer are
disclosed in the table below:

 NAME OF DIRECTOR                                  FH Olivier

 COMPANY OF WHICH A DIRECTOR                       KAP Limited

 STATUS: EXECUTIVE/NON-EXECUTIVE                   Executive director

 TYPE AND CLASS OF SECURITIES                      Ordinary shares

 NATURE OF TRANSACTIONS                            (1)   Off-market transaction in terms of which the Director
                                                         sold ordinary shares to his associate, The
                                                         Mashoweng Trust
                                                   (2)   Off-market transaction in terms of which The
                                                         Mashoweng Trust, an associate of the Director,
                                                         acquired ordinary shares from the Director

 DATE OF TRANSACTION                               15 September 2023

 NUMBER OF SECURITIES TRANSACTED                   339 105

 PRICE PER SECURITY (CENTS)                        241 (being the market price per share at close of business
                                                   on 14 September 2023)

 TOTAL RAND VALUE OF SECURITIES                    R817 243.05
 TRANSACTED

 NAME OF ASSOCIATE                                 The Mashoweng Trust

 RELATIONSHIP WITH DIRECTOR                        The Director is a trustee and beneficiary of the associate

 NATURE AND EXTENT OF INTEREST IN                  (1)   Sale of shares by the Director: Direct beneficial
 THE TRANSACTIONS                                  (2)   Acquisition of shares by associate: Indirect beneficial

Clearance for the above was obtained in terms of paragraph 6.45 of the Debt Listings Requirements.

Stellenbosch
18 September 2023

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

Date: 18-09-2023 12:00:00
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