Dealing In Kaap Agri Shares By An Associate Of Director KAAP AGRI LIMITED (Incorporated in the Republic of South Africa) (Registration number 2011/113185/06) ISIN: ZAE000244711 Share code: KAL (“Kaap Agri”) DEALING IN KAAP AGRI SHARES BY AN ASSOCIATE OF A DIRECTOR George en Miets Beleggings Proprietary Limited (“G&M Beleggings”), a family entity and associate of Kaap Agri’s chairman, Mr GM Steyn, previously held 2 896 720 ordinary shares in Kaap Agri. As part of the diversification of the family’s financial exposure, G&M Beleggings has restructured its shareholding in Kaap Agri by transferring all Kaap Agri shares held by it to an investor fund, in exchange for units in that fund. As a result, G&M Beleggings will continue to have an exposure to Kaap Agri, albeit indirectly via the fund. In compliance with paragraphs 3.63 to 3.74 of the JSE Listings Requirements, the following information is disclosed in respect of the above dealing: NAME OF DIRECTOR GM Steyn COMPANY OF WHICH A DIRECTOR Kaap Agri Limited STATUS: EXECUTIVE / NON-EXECUTIVE Non-executive TYPE OF SECURITIES Shares CLASS OF SECURITIES Ordinary DATE OF TRANSACTION 26 February 2018 CENTS PER SHARE 4 755 NUMBER OF SECURITIES TRANSACTED 2 896 720 TOTAL RAND VALUE OF SECURITIES R137 739 036 NAME OF ASSOCIATE George en Miets Beleggings Proprietary Limited RELATIONSHIP WITH DIRECTOR The director is a director and a shareholder of the associate NATURE OF TRANSACTION Disposal of shares by an associate of the director (off-market transaction) NATURE AND EXTENT OF INTEREST IN THE Indirect, beneficial TRANSACTION CLEARANCE OBTAINED Yes 2 March 2018 Paarl Sponsor PSG Capital Date: 02/03/2018 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.