Dealings In Company Shares - Grant Of Share Rights To Directors KAP Industrial Holdings Limited Incorporated in the Republic of South Africa) Registration number: 1978/000181/06 Share Code: KAP ISIN: ZAE0000171963 (“KAP” or “the Company”) DEALINGS IN COMPANY SHARES - GRANT OF SHARE RIGHTS TO DIRECTORS In compliance with rules 3.63 to 3.74 of the JSE Limited Listings Requirements, shareholders are advised that off-market grants of share rights over ordinary shares of no par value in KAP (“KAP Shares”) have been made to certain executive directors of KAP and of its major subsidiaries in terms of the KAP Share Rights Scheme (“the 2016 Grant”). The following information is disclosed in respect of the 2016 Grant: - Following approval of the 2016 Grant on 15 August 2016 by the KAP Human Resources & Remuneration Committee, letters of grant with an effective grant date of 1 December 2016, were issued to participants on 8 December 2016. - In all instances, the share rights are held in a direct beneficial capacity. - The share rights shall mature on the third anniversary of the grant date, i.e. on 1 December 2019, and vesting is subject to the achievement of relevant performance criteria. - The rights are for KAP Shares and will expire after the maturity date if the rights have not vested. - The following number of share rights were granted to the below- mentioned executive directors at R0.20 (twenty cents) per KAP Share: Name of director Number of Value rights granted (R) GN Chaplin 1,401,589 280 317.80 FH Olivier 713,328 142 665.60 SP Lunga *** 281,357 56 271.40 LR Pollard * 637,849 127 569.80 G Victor * 637,849 127 569.80 GM van der Merwe * 486,753 97 350.60 TR Nel ** 735,865 147 173.00 RA de Beer *** 289,190 57 838.00 BN Jamie *** 229,734 45 946.80 RH Singh *** 268,063 53 612.60 * Director of KAP Diversified Industrial (Pty) Ltd ** Director of Unitrans Holdings (Pty) Ltd *** Director of Unitrans Supply Chain Solutions (Pty) Ltd The grant of the share rights has taken place in terms of the rules of the Share Rights Scheme and accordingly, no clearance as contemplated in Rule 3.66 of the Listings Requirements, is required. By order of the Board Steinhoff Secretarial Services Proprietary Limited Company Secretary 9 December 2016 Sponsor: PSG Capital Proprietary Limited Date: 09/12/2016 12:05:00 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.