Unaudited Results For The Six Months Ended 31 December 2022 KAP INDUSTRIAL HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1978/000181/06) Share code: KAP ISIN: ZAE000171963 LEI code: 3789001F51BC0045FD42 (“KAP” or “the Company”) UNAUDITED RESULTS FOR THE SIX MONTHS ENDED 31 DECEMBER 2022 1. SALIENT FEATURES From continuing operations Revenue increased by 12% to R15 265 million, from R13 649 million in the prior corresponding period. Operating profit before capital items decreased by 8% to R1 421 million, from R1 552 million in the prior corresponding period. Headline earnings per share (“HEPS”) decreased by 17% to 31.0 cents per share, from 37.2 cents per share in the prior corresponding period. Earnings per share (“EPS”) decreased by 17% to 31.1 cents per share, from 37.6 cents per share in the prior corresponding period. From continuing and discontinued operations Revenue increased by 12% to R15 265 million, from R13 649 million in the prior corresponding period. Operating profit before capital items decreased by 9% to R1 421 million, from R1 562 million in the prior corresponding period. HEPS decreased by 17% to 31.0 cents per share, from 37.5 cents per share in the prior corresponding period. EPS decreased by 17% to 31.1 cents per share, from 37.3 cents per share in the prior corresponding period. Net asset value per share increased by 8% to 469 cents per share, from 433 cents per share in the prior corresponding period. In line with historic practice, the board of directors has not declared an interim dividend. 2. SHORT-FORM ANNOUNCEMENT This short-form announcement is the responsibility of the directors of the Company. It contains only a summary of the information included in the full announcement released today (“Full Announcement”) and does not contain full or complete details. This short-form announcement has not been audited or reviewed by the Company’s external auditors. The financial information has been extracted from the condensed consolidated interim financial results for the six months ended 31 December 2022. 3. FULL ANNOUNCEMENT The Full Announcement can be found at: https://senspdf.jse.co.za/documents/2023/JSE/ISSE/KAP/Interim_23.pdf A copy of the Full Announcement is also available for viewing on the Company’s website at https://kap.co.za/wp-content/uploads/2023/02/kap-unaudited-results-for-the-six-months-ended-31- december-2022.pdf or may be requested in person, at the Company’s registered office or the office of the sponsor, at no charge, during office hours. Any investment decisions by investors and/or shareholders should be based on consideration of the Full Announcement, as a whole. 4. RESULTS WEBCAST A live webcast of the interim results presentation will be broadcast at 10:00 a.m. (SAST) on Tuesday, 21 February 2023. The webcast registration link is https://www.corpcam.com/KAP21022023 and can be accessed on the KAP website at www.kap.co.za. Stellenbosch 21 February 2023 Sponsor PSG Capital Date: 21-02-2023 07:06:00 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.