KAP INDUSTRIAL HOLDINGS LIMITED - DISCLOSURE OF DISPOSAL OF SECURITIES

DISCLOSURE OF DISPOSAL OF SECURITIES

KAP INDUSTRIAL HOLDINGS LIMITED

Incorporated in the Republic of South Africa

(Registration Number 1978/000181/06)

Share code: KAP

ISIN: ZAE000059564

(“KAP” or “the Company”)


16 March 2018


 JSE Code:                          ISIN:
 KAP002                             ZAG000116831
 KAP003                             ZAG000117052
 KAP005                             ZAG000137720
 KAP006                             ZAG000137738
 KAP007                             ZAG000140120
 KAP008                             ZAG000140971
 KAP009                             ZAG000144106
 KAP010                             ZAG000146739
 KAP012                             ZAG000148636
 KAP11                              ZAG000147703




Noteholders are referred to the SENS announcement released on 15 March related to disposal
of securities.

DISCLOSURE OF DISPOSAL OF SECURITIES


In accordance with section 122(3)(b) of the Companies Act, No. 71 of 2008 as amended, and
in accordance with paragraph 3.83(b) of the JSE Limited Listings Requirements, shareholders
are hereby advised that the Company has received formal notification in the prescribed form
that:

Ainlsey Holdings Proprietary Limited (“Ainsley”), a wholly owned indirect subsidiary of Steinhoff
International Holdings N.V. (“Steinhoff”) has disposed of ordinary share of the Company such
that the total interest in the ordinary shares of the Company now held by Ainlsey amounts to
25.92% (previously 42.72%) of the total issued ordinary share capital of the Company.

In this regard, shareholders are referred to the closing announcement published by Steinhoff
on 13 March 2018 in terms of which it confirmed that Steinhoff had successfully placed
450 000 000 ordinary shares in KAP through an accellerated bookbuild process.
The board of directors of KAP records its appreciation to Steinhoff for the responsible manner
in which this disposal of shares was concluded. Whilst Steinhoff will retain a 25.92% interest in
KAP, the participation in the disposal process included a broad spread of retail, long-only and
hedge fund investors, which will provide increased liquidity to the market and the opportunity
for a broader investor base to participate in the future of KAP.





Sponsor

Nedbank Corporate and Investment Bank, a division of Nedbank Ltd

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