Dealings In Shares By Directors KAAP AGRI LIMITED (Incorporated in the Republic of South Africa) (Registration number 2011/113185/06) Share code: KAL ISIN: ZAE000244711 (“Kaap Agri” or “the Company”) DEALINGS IN SHARES BY DIRECTORS In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the following information regarding dealings in securities is disclosed: 1. NAME OF DIRECTOR S Walsh COMPANY OF WHICH A DIRECTOR Kaap Agri Limited STATUS: EXECUTIVE/NON-EXECUTIVE Executive TYPE AND CLASS OF SECURITIES Ordinary shares NATURE OF TRANSACTIONS Purchase of shares by a director (on- market transactions) DATE OF TRANSACTIONS 15 February 2019 (1) 18 February 2019 (2) 19 February 2019 (3) PRICE PER SECURITY 3 025 cents (Low) (1) 3 115 cents (High) 3 093.61 cents (Average) 3 005 cents (Low) (2) 3 114 cents (High) 3 029.55 cents (Average) 2 900 cents (Low) (3) 2 998 cents (High) 2 928 cents (Average) NUMBER OF SECURITIES TRANSACTED 1 320 (1) 700 (2) 700 (3) TOTAL RAND VALUE OF SECURITIES R40 835.70 (1) TRANSACTED R21 206.87 (2) R20 496.00 (3) NATURE AND EXTENT OF INTEREST IN Direct, beneficial (1) – (3) THE TRANSACTIONS 2. NAME OF DIRECTOR GW Sim COMPANY OF WHICH A DIRECTOR Kaap Agri Limited STATUS: EXECUTIVE/NON-EXECUTIVE Executive TYPE AND CLASS OF SECURITIES Ordinary shares NATURE OF TRANSACTION Purchase of shares by a director (on-market transaction) DATE OF TRANSACTION 19 February 2019 PRICE PER SECURITY 2 800 cents NUMBER OF SECURITIES TRANSACTED 750 TOTAL RAND VALUE OF SECURITIES R21 000.00 TRANSACTED NATURE AND EXTENT OF INTEREST IN Direct, beneficial THE TRANSACTION Clearance for the above was obtained in terms of paragraph 3.66 of the JSE Limited Listings Requirements. Paarl 20 February 2019 Sponsor PSG Capital Date: 20/02/2019 02:30:00 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.