Dealings In Company Shares KAP Industrial Holdings Limited Incorporated in the Republic of South Africa) Registration number: 1978/000181/06 Share Code: KAP ISIN: ZAE000171963 (“KAP”, “the Company” or “the Group”) DEALINGS IN COMPANY SHARES 1. VESTING OF SHARE RIGHTS GRANTED IN 2014 The share rights granted to participants under the KAP Performance Share Rights Scheme (“the KAP Share Rights Scheme”) in December 2014 have vested with effect from 1 December 2017. Pursuant to this vesting, the following executive directors of KAP and of its major subsidiaries received KAP ordinary shares of no par value (“KAP Shares”) in accordance with the provisions of the KAP Share Rights Scheme in an off-market transaction, as follows: Name of director Number of Market Market value shares price (R) that (cents per vested share) KJ Grové*@ 1 825 967 877 16 013 730,59 GN Chaplin*# (in respect of associate "Straalhoek Sawmill (Pty)Ltd") 1 543 470 877 13 536 231,90 FH Olivier*# (in respect of associate 507 466 877 4 450 476,82 "Mashoweng Investments (Pty) Ltd") SP Lunga**@ 194 623 877 1 706 843,71 LR Pollard**@ 828 187 877 7 263 199,99 G Victor**@ 815 159 877 7 148 944,43 TR Nel***@ 880 086 877 7 718 354,22 * Director of KAP Industrial Holdings Ltd ** Director of KAP Diversified Industrial (Pty) Ltd *** Director of Unitrans Holdings (Pty) Ltd # Indirect beneficial interests in the transaction @ Direct beneficial interests in the transaction 2. DISPOSAL OF SHARES BY DIRECTORS OF THE COMPANY AND ITS MAJOR SUBSIDIARIES In addition to the above and as part of an off-market block trade, shareholders are advised that the below-mentioned directors each disposed of a portion of their shares on Monday, 4 December 2017 in order to settle their income tax obligations arising from the vesting, as disclosed below: Name of director Number of Sales Proceeds on shares price disposal sold (cents per (R) share) KJ Grove*@ 821 686 877 7 206 186,22 GN Chaplin*# (in respect of associate "Straalhoek Sawmill (Pty)Ltd") 694 562 877 6 091 308,74 FH Olivier*# (in respect of associate 228 360 877 2 002 717,20 "Mashoweng Investments (Pty) Ltd") SP Lunga**@ 87 581 877 768 085,37 LR Pollard**@ 372 685 877 3 268 447,45 G Victor**@ 366 822 877 3 217 028,94 TR Nel***@ 396 039 877 3 473 262,03 The vesting 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. However, clearance to deal in securities was obtained for the subsequent disposals. By order of the Board Steinhoff Secretarial Services Proprietary Limited Company Secretary 6 December 2017 Sponsor: PSG Capital (Pty) Limited Date: 06/12/2017 03:30:00 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.