KAP - KAP International Holdings Limited - Appointment of Independentnon-

KAP - KAP International Holdings Limited - Appointment of Independentnon-       
Executive Chairman, proposed change of name and appointment of Company Secretary
Non-Executive Chairman                                                          
KAP INTERNATIONAL HOLDINGS LIMITED                                              
Incorporated in the Republic of South Africa                                    
(Registration number 1978/000181/06Share code: KAP                              
ISIN: ZAE000059564                                                              
APPOINTMENT OF INDEPENDENTNON-EXECUTIVE CHAIRMAN, PROPOSED CHANGE OF NAME AND   
APPOINTMENT OF COMPANY SECRETARY                                                
NON-EXECUTIVE CHAIRMAN                                                          
In compliance with paragraph 3.59 of the Listings Requirements of the           
JSE Limited, the Company hereby advises that Mr Jacob de Vos (Jaap)             
du Toit (58) has been appointed as the Independent Non-executive Chairman       
of KAP. Mr du Toit takes over from Mr Claas Edmund Daun (69) who has decided    
to step down as Chairman after many years in which he successfully led and      
built the original KAP businessesto the quality assets they are today.          
Mr Daun will remain as a non-executive director of the Board. This change       
to the Board, as well as the changes announced by KAPon 25 April 2012, follow   
from the acquisition by KAP of the Steinhoff Industrial Assets with effect      
from 2 April 2012, resulting in KAP becoming a subsidiary of Steinhoff          
International Holdings Limited.The Board wishes to thank Mr Daun for the        
exceptional role he has played and his contribution to the growth and           
development of KAP since his appointment as Non-Executive Chairman in 2004.     
The Board similarly congratulates Mr du Toit on his appointment and looks       
forward to his leadership.                                                      
Mr du Toit is a Chartered Accountant (SA) and Chartered Financial Analyst       
who has vast experience in the Financial Services Industry, having held         
appointments as Financial Director of SMK Securities, Co-Founder member/        
Director of PSG Group Limited and currently, Chairman of PSG Konsult Limited.   
In addition, he holds memberships ofthe Fund Managers Association of SA,        
the SA Institute of Stock Brokers and the Association of Investment Management  
and Research Institute of CA`s. Against this background and experience,         
the Board welcomes Mr du Toit`s appointment as a strategic step towards the     
further growth of KAP.                                                          
PROPOSED NAME CHANGE                                                            
The Board further advises that it intends to change the name of KAP to "KAP     
Industrial Holdings Limited" in line with the nature of its major assets.       
This change of name will be proposed as a special resolution to KAP             
shareholders at the next Annual General Meeting.                                
COMPANY SECRETARY                                                               
Shareholders are further advised that Mr Mark Balladon will step down as        
Company Secretary of the Company and will be succeeded by a juristic            
person,Steinhoff Africa Secretarial Services (Pty) Limited, whose directors are 
competent and suitably qualified to act as Company Secretary.The Board thanks   
Mr Balladon for his valuable contributionover a number of years.                
By order of the Board                                                           
24 May 2012                                                                     
Paarl                                                                           
Sponsor                                                                         
PSG Capital                                                                     
Date: 24/05/2012 08:12:01 Supplied by www.sharenet.co.za                     
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