Notification Of Acquisition Of Beneficial Interest In Securities In Terms Of 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: ZAE000171963 (“KAP” or “the Company”) NOTIFICATION OF ACQUISITION OF BENEFICIAL INTEREST IN SECURITIES IN TERMS OF SECTION 122 OF THE COMPANIES ACT, NO. 71 OF 2008, AS AMENDED In accordance with section 122(3)(b) of the Companies Act, No.71 of 2008, as amended, and section 121(2)(b) of the Companies Regulations 2011 and section 3.83(b) of the Listings Requirements of the JSE Limited, shareholders are hereby advised that the Company has received formal notification in the prescribed form that Investec Asset Management Holdings (Proprietary) Limited, registration number 1997/000445/07 (“Investec Asset Management”) on behalf of segregated clients, has increased its interest in securities in the Company such that the total beneficial interest in the securities of the Company held by Investec Asset Management amounts to 5.0145% (previously 4.9856%) of the total number of issued shares of the Company. As required in terms of section 122(3)(a) of the Companies Act, KAP has filed the required notice with the Takeover Regulation Panel. By order of the board Steinhoff Secretarial Services (Pty) Ltd: Company Secretary 26 April 2017 Sponsor: PSG Capital Proprietary Limited Date: 26/04/2017 03:00:00 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.