KAP INDUSTRIAL HOLDINGS LIMITED - Notification Of Disposal And Acquisition Of Shares In KAP As Required Under Section 122 Of The Companies Act

Notification Of Disposal And Acquisition Of Shares In KAP As Required Under Section 122 Of The Companies Act

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")

NOTIFICATION OF DISPOSAL AND ACQUISITION OF SHARES IN KAP AS
REQUIRED UNDER SECTION 122 OF THE COMPANIES ACT, 71 of 2008,
AS AMENDED

Shareholders are referred to the announcement released on SENS
by Steinhoff International Holdings Limited (“Steinhoff”) on
Tuesday, 24 June 2014, regarding the results of an accelerated
bookbuild offering of shares in KAP (the "Bookbuild”). In
terms of the Bookbuild, Steinhoff, through a wholly owned
subsidiary, disposed of 400 million KAP shares at R3.85 per
share in a secondary offering to qualifying investors.

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

DISPOSAL OF SHARES

 - Steinhoff, through a wholly owned subsidiary, has disposed
     of ordinary shares of the Company, such that the total
     interest held by Steinhoff has decreased to 44.7347% of the
     total issued ordinary shares of the Company.

ACQUISITION OF SHARES

-    Investec Asset Management Holdings Proprietary Limited
     (“Investec” ) on behalf of its segregated clients has, in
     aggregate, acquired a further interest in the ordinary
     shares of the Company such that the total interest in the
     ordinary shares of the Company held by Investec’s
     segregated clients has increased to 16.7931% of the total
     issued ordinary shares of the Company.


-    Clients of Allan Gray Proprietary Limited (“ Allan Gray”)
     have, in aggregate, acquired a further interest in the
     ordinary shares of the Company, such that the total
     interest in the ordinary shares of the Company held by
     Allan Gray’s clients has increased to 23.5703% of the
     total issued ordinary shares of the Company.

Johannesburg
27 June 2014

Sponsor
PSG Capital

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