Changes To The Board Of Directors Of KAP KAP Industrial Holdings Limited (Incorporated in the Republic of South Africa) Registration number: 1978/000181/06 Share code: KAP ISIN: ZAE 0000171963 (“KAP” or “the Company”) KAP Industrial Holdings Limited (Incorporated in the Republic of South Africa) Registration number: 1978/000181/06 Share code: KAP KAP002 KAP003 KAP005 KAP006 KAP007 KAP008 KAP009 KAP010 CHANGES TO THE BOARD OF DIRECTORS OF KAP In accordance with paragraph 3.59(a) of the Listings Requirements of the JSE Limited, (“JSE LRs”) shareholders are advised that Mr TLR (Theodore) de Klerk and Mr LJ (Louis) du Preez have been appointed as non-executive directors to the board of KAP (“the Board”), with effect from 1 October 2017. Their respective curriculum vitae are summarized as follows: - Mr Theodore de Klerk (47) B Com (Hons), CTA, HDip(Tax), CFM Theodore is an executive in Steinhoff’s International Group Services Division, serving as a director on the boards of several Steinhoff operating companies and managing strategic projects on behalf of Steinhoff. He joined Steinhoff in 2003 at which time he was responsible for mergers and acquisitions, corporate advisory services and investor relations. From 2008 to 2015 he served as the Chief Executive Officer of SteinBuild. After completing his articles he worked in the corporate taxation divisions of Ernst & Young and Deloitte respectively. Prior to joining the Steinhoff group, he was the financial director of Murray & Roberts’ marine construction operation and spent five years with Gensec Investment Bank. He also holds an alternate directorship in the IEP Group (Pty) Ltd. - Mr Louis du Preez (48) BCom, LLB Louis qualified as an attorney of the High Court of South Africa in 1997 after completing his articles. He joined Jan S de Villiers and was admitted as a partner of the firm in 1998. With the merger of Werksmans Attorneys in 2009, he became a member of the national executive committee of the combined firm and served as such until early 2017. As a practising attorney, Louis specialised in corporate and commercial matters. Louis joined Steinhoff as General Counsel in mid-2017. In accordance with paragraph 3.59(b) of the JSE LRs, shareholders are also advised that Mr MJ (Markus) Jooste and Mr AB (Ben) la Grange have resigned as non-executive directors from the board of KAP with effect from 1 October 2017 in order to increase their focus on the respective activities of Steinhoff International Holdings NV and the recently listed Steinhoff Africa Retail Limited (“STAR”). The Chairman of the KAP board, Mr J (Jaap) de Vos du Toit, commented as follows on the afore-mentioned board changes: “On behalf of the board of KAP I convey our sincere gratitude to Markus and Ben for the valuable contributions which they have made towards the success of KAP. Markus has served on the board of KAP for 13 years while Ben has served on this board since April 2012. We wish Markus and Ben every success in their exciting endeavours at Steinhoff and the recently listed STAR. It also gives me great pleasure to welcome Theodore and Louis to the board. They bring a diverse mix of knowledge, skills and expertise which will bring new insights and fresh perspectives to the deliberations of the board. I am excited about these appointments and I look forward to Theodore’s and Louis’ future contributions to KAP.” By order of the Board Steinhoff Secretarial Services (Pty) Ltd: Company Secretary 29 September 2017 JSE Sponsor: PSG Capital Date: 29/09/2017 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.