Dealing In KAP Shares By An Associate Of A Director 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”) DEALING IN KAP SHARES BY AN ASSOCIATE OF A DIRECTOR In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the following information regarding the dealing in securities by an associate of a director is disclosed: NAME OF DIRECTOR FH Olivier NAME OF ASSOCIATE Mashoweng Investments (Pty) Ltd RELATIONSHIP WITH DIRECTOR Director of the associate COMPANY OF WHICH A DIRECTOR KAP Industrial Holdings Limited STATUS (EXECUTIVE/NON-EXECUTIVE) Executive TYPE AND CLASS OF SECURITIES Ordinary shares NATURE OF TRANSACTION Sale of ordinary shares by the associate pursuant to a funding agreement# (off-market transaction) DATE OF TRANSACTION 28 September 2020 NUMBER OF SECURITIES TRANSACTED 591 003 PRICE PER SECURITY (CENTS) 830 TOTAL RAND VALUE OF SECURITIES R4,905,324.90 TRANSACTED NATURE AND EXTENT OF INTEREST IN Indirect, beneficial TRANSACTION # The sale of ordinary shares was triggered by the termination on 28 September 2020 of an existing three-year funding agreement between the associate of the director and a third party lender, in terms of which the associate pledged, as collateral, 591 003 KAP ordinary shares as security for a loan in the amount of R3,145,484. Clearance for the above transaction was obtained in terms of paragraph 3.66 of the JSE Limited Listings Requirements. By order of the Board KAP Secretarial Services Proprietary Limited Stellenbosch 29 September 2020 Sponsor PSG Capital Date: 29-09-2020 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.