Grant of share rights KAP Industrial Holdings Limited Incorporated in the Republic of South Africa Registration number: 1978/000181/06 Share Code: KAP ISIN: ZAE000171963 (“KAP” or “the Company” or “the Group”) GRANT OF SHARE RIGHTS IN TERMS OF THE KAP PERFORMANCE SHARE RIGHTS SCHEME (“the 2012 Scheme”) In compliance with rules 3.63 to 3.74 of the JSE Limited Listings Requirements (“Listings Requirements”), the following information is disclosed: Off-market grants of share rights over ordinary shares of no par value in KAP at R0.20 (twenty cents) per share have been made to directors within the KAP group of companies in terms of the 2012 Scheme. These share rights, which are held directly and beneficially, shall mature on or about the third anniversary of the grant date of 5 December 2014. Vesting will be subject to the relevant performance criteria being met. Directors of the Company and of its major subsidiaries were granted the following rights: Group Company Name of Director Status Number of Total Rand rights value granted at 20 R cents per share KAP Industrial Karel Johan Grové Executive Director 2 191 160 438 232.00 Holdings Limited KAP Industrial Gary Noel Chaplin Executive Director 1 543 470 308 694.00 Holdings Limited KAP Industrial John Peter Haveman Executive Director 804 847 160 969.40 Holdings Limited Unitrans Holdings Nico Boshoff Executive Director 930 696 186 139.20 (Pty) Ltd KAP Manufacturing Johannes Francois Executive Director 699 772 139 954.40 (Pty) Ltd Geldenhuys KAP Manufacturing Ugo Marco Gianni Executive Director 818 530 163 706.00 (Pty) Ltd Frigerio KAP Manufacturing Mark Balladon Executive Director 377 418 75 483.60 (Pty) Ltd KAP Manufacturing Frans Petrus Human Executive Director 564 687 112 937.40 (Pty) Ltd KAP Manufacturing Nicolaas Albertus Executive Director 572 486 114 497.20 (Pty) Ltd Siebrits KAP Manufacturing Leigh Randall Executive Director 828 187 165 637.40 (Pty) Ltd Pollard PG Bison Holdings Frans Hendrik Executive Director 507 466 101 493.20 (Pty) Ltd Olivier PG Bison Holdings Gavin Mark van der Executive Director 699 772 139 954.40 (Pty) Ltd Merwe PG Bison Holdings Gerhardus Victor Executive Director 815 159 163 031.80 (Pty) Ltd Unitrans Supply Sibusiso Penwell Executive Director 194 623 38 924.60 Chain Solutions Lunga (Pty) Ltd Unitrans Supply Thembinkosi Siyolo Executive Director 275 067 55 013.40 Chain Solutions (Pty) Ltd Unitrans Supply Theunis Roux Nel Executive Director 880 086 176 017.20 Chain Solutions (Pty) Ltd Unitrans Supply Benjamin Neil Jamie Executive Director 330 340 66 068.00 Chain Solutions (Pty) Ltd Unitrans Supply Peter Eric Hancock Executive Director 786 555 157 311.00 Chain Solutions (Pty) Ltd Unitrans Supply Ray Hemraj Singh Executive Director 354 953 70 990.60 Chain Solutions (Pty) Ltd Unitrans Supply Carina Emmerentia Executive Director 343 480 68 696.00 Chain Solutions Grobbelaar (Pty) Ltd The rights were granted to participants in terms of the 2012 Share Scheme and accordingly, no clearance as contemplated in Rule 3.66 of the Listings Requirements is required. By order of the Board Steinhoff Africa Secretarial Services (Pty) Ltd Company Secretary 9 December 2014 Sponsor: PSG Capital (Pty) Ltd Date: 09/12/2014 02:35:00 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.