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 Date: 27/06/2014 02:07:00 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.