KAP INDUSTRIAL HOLDINGS LIMITED - Update On Impact Of The Coronavirus (Covid-19) On KAP

Update On Impact Of The Coronavirus (Covid-19) On KAP

KAP INDUSTRIAL HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1978/000181/06)
Share code: KAP
ISIN: ZAE000171963
(“the Company” or “KAP”)

UPDATE ON IMPACT OF THE CORONAVIRUS (COVID-19) ON KAP

The Coronavirus (COVID-19) has been widely publicised and the board of directors and
management of KAP acknowledge the seriousness of the current situation. While the nature
and extent of the impact of COVID-19 on South Africa, its people, its economy and the
Company is currently unknown, it could be potentially significant.

To date there are no confirmed cases of COVID-19 in any of KAP’s operations. The situation
is being monitored on an on-going basis and management are putting controls in place to
prevent and minimise potential infections and transmissions of the virus within the workplace.

The Company has provided clear and defined communication to its employees in this regard
and has formulated crisis management plans in the event of infections within the organisation.

To date COVID-19 has not affected the group’s sales and the group has not experienced any
significant operational or supply chain disruptions. Management is monitoring the situation
closely and appropriate contingency plans are being developed to address known potential
risks.

The Company’s cash generation and balance sheet remain strong and the Company remains
within its agreed financial covenants. Should the impact of COVID-19 become material and
quantifiable, the Company will provide guidance thereto through the Stock Exchange News
Service (“SENS”) platform in terms of the JSE Listings Requirements.

By order of the Board
KAP Secretarial Services Proprietary Limited

Stellenbosch
17 March 2020

Sponsor
PSG Capital

Date: 17-03-2020 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.