KAP INDUSTRIAL HOLDINGS LIMITED - Trading Statement

Trading Statement

KAP INDUSTRIAL HOLDINGS LIMITED
Incorporated in the Republic of South Africa
(Registration Number 1978/000181/06)
Share code: KAP
ISIN: ZAE000059564
(“KAP”)

TRADING STATEMENT

Trading statement as required in terms of paragraph 3.4(b) of
the Listings Requirements of the JSE Limited.

KAP acquired the Steinhoff Industrial Assets (“the Steinhoff
Industrial    Assets”)   from    Steinhoff   Africa   Holdings
(Proprietary) Limited (“Steinhoff”) and issued 1 912.8 million
shares to Steinhoff with effect from 2 April 2012. For
accounting purposes the transaction is regarded as a reverse
acquisition. Accordingly, the Steinhoff Industrial Assets are
treated as the acquirer and KAP as the acquiree.

The results of KAP for the six months ended 31 December 2012
will therefore contain the results of the newly constituted
KAP for the period, while the results for the previous
corresponding period will reflect only the results of the
Steinhoff Industrial Assets and not those of the traditional
KAP assets.

Based on the above, shareholders are advised that a reasonable
degree of certainty exists that:

- KAP’s fully diluted earnings per share for the six months
ended 31 December 2012 will be between 25% and 35% higher than
the previous six months period (2011: 11.9 cents per share);
and

- KAP’s fully diluted headline earnings per share for the six
months ended 31 December 2012 will be between 15% and 25%
higher than the previous six months period (2011: 11.8 cents
per share).

The current period earnings per share and headline earnings
per share are based on a fully diluted weighted average of
2 371.6 million shares in issue (2011: 1 925.9 shares).
The financial information in this trading statement has not
been reviewed or reported on by KAP’s auditors.

The results for the six months ended 31 December 2012 are
expected to be published on or about 18 February 2013.

12 February 2013

By order of the Board
Steinhoff Secretarial Services Proprietary Limited
Company Secretary
Wynberg, Sandton

Sponsor:
PSG Capital (Pty) Limited

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