Results of the Special Resolution Passed by Shareholders of the Company in terms of Section 60 of the Companies Act, 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”) RESULTS OF THE SPECIAL RESOLUTION PASSED BY SHAREHOLDERS OF THE COMPANY IN TERMS OF SECTION 60 OF THE COMPANIES ACT, NO. 71 OF 2008 Shareholders are referred to the announcement released on SENS on 8 June 2018 regarding the distribution of a circular to shareholders through which a special resolution was submitted for their consideration by written consent, in terms of section 60 of the Companies Act, No. 71 of 2008 (“Companies Act”), proposing that shareholders authorise the board of directors of the Company to provide direct or indirect financial assistance to related and inter-related entities and persons in the form of loans and the subscription of preference shares to be issued by related and inter-related entities, as contemplated in section 44 and section 45 of the Companies Act, for the purpose of facilitating the sale of 45% of Unitrans Supply Chain Solutions Proprietary Limited in a B-BBEE transaction. Shareholders are advised that the special resolution was approved and adopted by the Company in terms of section 60(2) of the Companies Act. Altogether 2 302 285 092 shares were voted, representing 85.97% of the total number of voting rights that were entitled to be exercised in relation to the matter. The results are summarised below: (as a percentage of shares voted) Special resolution number 1: % of votes % of votes % of votes Specific authority for Directors to provide in favour of against the abstained financial assistance as contemplated in the resolution section 44 and section 45 of the resolution Companies Act 91.96%* 8.02% 0.02% *Excluding abstentions, the percentage of votes in favour of the resolution increases to 91.98% of shares voted. The Company will, by no later than Friday, 27 July 2018, distribute a statement of these results to shareholders recorded in the Company’s register as at Friday, 6 July 2018, being the record date, in accordance with section 60(4) of the Companies Act. Stellenbosch 16 July 2018 Sponsor and Corporate Adviser PSG Capital Date: 16/07/2018 10:45:00 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.