Retirement Of Independent Non-Executive 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”) RETIREMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR The KAP board of directors (“the Board”) advised shareholders via an announcement on SENS on 20 October 2020 that, following eight years on the Company’s audit and risk committee, Mr SH Nomvete had declined to make himself available for re-election to the committee at the Company’s forthcoming annual general meeting (“AGM”) on 18 November 2020. In accordance with paragraph 3.59(b) of the JSE Limited Listings Requirements, shareholders are hereby advised that Mr Nomvete has further advised the Board that, after 17 years on the Board and following the appointment of three new independent non-executive directors, he has also decided to retire from the Board by resignation after the Company’s AGM on 18 November 2020. The Board expresses its appreciation to Mr Nomvete for his years of service on the Board and for his contribution to the Board and the Company. By order of the Board KAP Secretarial Services Proprietary Limited Stellenbosch 5 November 2020 Sponsor PSG Capital Date: 05-11-2020 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.