KAP INDUSTRIAL HOLDINGS LIMITED - Grant of share rights

Grant of share rights

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


GRANT OF SHARE RIGHTS IN TERMS OF THE KAP PERFORMANCE SHARE RIGHTS SCHEME
(“the 2012 Scheme”)

In compliance with rules 3.63 to 3.74 of the JSE Limited Listings
Requirements (“Listings Requirements”), the following information is
disclosed:

Off-market grants of share rights over ordinary shares of no par value in
KAP at R0.20 (twenty cents) per share have been made to directors within the
KAP group of companies in terms of the 2012 Scheme.

These share rights, which are held directly and beneficially, shall mature
on or about the third anniversary of the grant date of 5 December 2014.
Vesting will be subject to the relevant performance criteria being met.

Directors of the Company and of its major subsidiaries were granted the
following rights:

Group Company        Name of Director          Status         Number of   Total Rand
                                                                rights       value
                                                               granted
                                                                 at 20        R
                                                              cents per
                                                                 share
KAP Industrial      Karel Johan Grové    Executive Director   2 191 160   438 232.00
Holdings Limited

KAP Industrial      Gary Noel Chaplin    Executive Director   1 543 470   308 694.00
Holdings Limited

KAP Industrial      John Peter Haveman   Executive Director     804 847   160 969.40
Holdings Limited

Unitrans Holdings   Nico Boshoff         Executive Director     930 696   186 139.20
(Pty) Ltd

KAP Manufacturing   Johannes Francois    Executive Director     699 772   139 954.40
(Pty) Ltd           Geldenhuys

KAP Manufacturing   Ugo Marco Gianni     Executive Director     818 530   163 706.00
(Pty) Ltd           Frigerio

KAP Manufacturing   Mark Balladon        Executive Director     377 418    75 483.60
(Pty) Ltd

KAP Manufacturing   Frans Petrus Human   Executive Director     564 687   112 937.40
(Pty) Ltd

KAP Manufacturing   Nicolaas Albertus    Executive Director     572 486   114 497.20
(Pty) Ltd           Siebrits

KAP Manufacturing   Leigh Randall         Executive Director   828 187   165 637.40
(Pty) Ltd           Pollard

PG Bison Holdings   Frans Hendrik         Executive Director   507 466   101 493.20
(Pty) Ltd           Olivier

PG Bison Holdings   Gavin Mark van der    Executive Director   699 772   139 954.40
(Pty) Ltd           Merwe

PG Bison Holdings   Gerhardus Victor      Executive Director   815 159   163 031.80
(Pty) Ltd

Unitrans Supply     Sibusiso Penwell      Executive Director   194 623    38 924.60
Chain Solutions     Lunga
(Pty) Ltd

Unitrans Supply     Thembinkosi Siyolo    Executive Director   275 067    55 013.40
Chain Solutions
(Pty) Ltd

Unitrans Supply     Theunis Roux Nel      Executive Director   880 086   176 017.20
Chain Solutions
(Pty) Ltd

Unitrans Supply     Benjamin Neil Jamie   Executive Director   330 340    66 068.00
Chain Solutions
(Pty) Ltd

Unitrans Supply     Peter Eric Hancock    Executive Director   786 555   157 311.00
Chain Solutions
(Pty) Ltd

Unitrans Supply     Ray Hemraj Singh      Executive Director   354 953    70 990.60
Chain Solutions
(Pty) Ltd

Unitrans Supply     Carina Emmerentia     Executive Director   343 480    68 696.00
Chain Solutions     Grobbelaar
(Pty) Ltd



The rights were granted to participants in terms of the 2012 Share Scheme
and accordingly, no clearance as contemplated in Rule 3.66 of the Listings
Requirements is required.

By order of the Board
Steinhoff Africa Secretarial Services (Pty) Ltd
Company Secretary

9 December 2014
Sponsor: PSG Capital (Pty) Ltd

Date: 09/12/2014 02:35:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.