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 hereby advised that Mrs Vivien McMenamin (“Viv”) has been appointed as an independent non-executive director to the board of directors of KAP (“the Board”) and as a member of the KAP social and ethics committee, with immediate effect. Viv (56) is the Chief Executive Officer of Mondi South Africa, where she earlier held a number of executive positions over a fifteen-year period and is a member of the Mondi Plc executive committee. Viv has several years of experience in the industrial and forestry sectors, with exposure to the plastics sector globally. In her early career Viv served as the Secretary General of NUSAS. She was a member of various not-for-profit boards and the deputy chair of the South African Association for Marine Biological Research for the protection of the East Indian Ocean for more than a decade. In 2012, she was elected as South Africa's Most Influential Woman in Business and Government in the Environment, Waste, Forestry and Paper category. In mid-2000, Viv served on the President’s Economic Advisory Panel and on the Anglo American Plc Transformation Committee. In 1992, she received the Helen Suzman Award for Leadership. Viv obtained a B.SocSci Honours (Economics) degree from the University of Cape Town and a MSc Economics degree and a Banking and Finance diploma, both from the University of London. She completed the Advanced High-Performance Leadership executive programme at the International Institute for Management Development in Switzerland. Viv’s broad experience will undoubtedly add value to KAP’s Board and committee debates and the Board is looking forward to her insights and contributions. By order of the Board KAP Secretarial Services Proprietary Limited Stellenbosch 12 December 2019 Sponsor PSG Capital Date: 12-12-2019 12:15:00 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.