PG Bison Referral 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”) PG BISON REFERRAL KAP has been involved in an ongoing investigation, which was initiated by the Competition Commission of South Africa ("Commission") on 13 March 2016, into alleged historical collusion between PG Bison (Pty) Ltd (“PG Bison”), a subsidiary of KAP, and Sonae Auraco (Pty) Ltd. PG Bison has cooperated with the Commission since the initiation of this complaint. Following extensive legal advice, PG Bison filed an application in the High Court on 7 November 2019 to review certain decisions taken by the Commission in relation to the matter. KAP was informed on 12 November 2019 that the Commission has now referred a complaint to the Competition Tribunal against PG Bison in the matter. The outcome of both the review application and the referral are uncertain at this stage and accordingly KAP will update shareholders of developments in this matter in due course. Stellenbosch 14 November 2019 Sponsor PSG Capital Date: 14/11/2019 10:35:00 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.
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