Change To The Board Of Directors 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”) CHANGE TO THE BOARD OF DIRECTORS In accordance with paragraph 3.59(a) of the JSE Limited Listings Requirements, shareholders are advised that Mr Kenneth Hopkins (“Ken”) has been appointed as an independent non- executive director to the board of directors of KAP (“the Board”) and as a member of the audit & risk committee, with effect from 6 December 2019. Ken (65) is a retired auditor and full-time professional director who chairs the board of Ewandle Properties Proprietary Limited and serves in a non-executive capacity on the boards of Real People Investment Holdings Limited, Infiniti Holdings Limited and 27Four Holdings Limited where he also chairs the audit & risk committee and is a member of the social & ethics and remuneration committees of some of these companies. Ken obtained his B Com (Hons), from the University of Cape Town and became a CA(SA) in 1978. He was a partner at Deloitte & Touche and KPMG for over 30 years, where he specialised in auditing and advising financial institutions. Ken is technically up to date with IFRS, the Companies Act, King IV and taxation. Ken’s knowledge, skills and expertise will bring new insights and fresh perspectives to the deliberations of the Board. The board welcomes Ken and is looking forward to his contributions to the future growth and development of KAP. By order of the Board KAP Secretarial Services Proprietary Limited Stellenbosch 6 December 2019 Sponsor PSG Capital Date: 06-12-2019 10:00:00 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.