KAP INDUSTRIAL HOLDINGS LIMITED - Voluntary announcement: disposal of food assets

Voluntary announcement: disposal of food assets

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

VOLUNTARY ANNOUNCEMENT: DISPOSAL OF FOOD ASSETS

For information purposes only.

KAP is pleased to announce that, in line with its
strategy to focus on strategic industrial assets within
emerging markets, it has successfully concluded the sale
of its food interests, being Bull Brand Foods (Bull
Brand) and Brenner Mills (Brenner).

Bull Brand has been sold to Rhodes Food Group (Pty) Ltd,
the South African based diversified foods business,
whilst Brenner has been sold to its management in terms
of a management buy-out.

Both transactions are subject to Competition Authorities
approval. KAP will continue to manage the businesses
until such time as the relevant approvals have been
obtained.   KAP thanks the management teams for their
efforts and assistance during the sales processes and
wishes them well for the future.

21 June 2013
Stellenbosch

Corporate Advisor to KAP on the Bull Brand sale: Standard
Bank of South Africa

Sponsor to KAP: PSG Capital

Date: 21/06/2013 05:00:00 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.