KAP INDUSTRIAL HOLDINGS LIMITED - Dealings In Company Shares - Grant Of Share Rights To Directors And Lapsing Of Earlier Share Rights

Dealings In Company Shares - Grant Of Share Rights To Directors And Lapsing Of Earlier Share Rights

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”)

DEALINGS IN COMPANY SHARES - GRANT OF SHARE RIGHTS TO DIRECTORS AND LAPSING OF EARLIER SHARE RIGHTS

GRANT OF 2020 SHARE RIGHTS

In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, and in
terms of the KAP Performance Share Rights Scheme (“KAP SRS”), shareholders are advised
that off-market grants of share rights over ordinary shares of no par value in KAP ("KAP
Shares") have been made to certain executive directors of KAP and of its major subsidiaries
("the 2020 Grant").

The following information is disclosed in respect of the 2020 Grant:
• Following approval of the 2020 Grant on 13 August 2020 by the KAP Human Capital and
  Remuneration Committee, letters of grant with an effective grant date of 7 December 2020,
  were issued to participants.
• In all instances, the share rights are held in a direct beneficial capacity.
• The share rights shall mature on the third anniversary of the grant date, i.e. on
  or about 7 December 2023, and vesting is subject to the achievement of relevant
  performance criteria.
• The rights are for KAP Shares and will expire after the maturity date if the rights have not
  vested.
• The following number of share rights were granted to the below-mentioned applicable
  executive directors at R0.20 (twenty cents) per KAP share:

                                        Number of           Value
    Name of director
                                        rights granted      (R)
    GN Chaplin*                         5 137 051           1 027 410.20
    FH Olivier*                         3 123 882           624 776.40
    G Victor**                          1 935 020           387 004.00
    W Killian**                           603 000           120 600.00
    JN van Niekerk***                   1 825 490           365 098.00
    WC Els***                             738 051           147 610.20
    SP Lunga****                        1 669 020           333 804.00

    *      Director of KAP Industrial Holdings Ltd
    **     Director of PG Bison (Pty) Ltd
    ***    Director of Safripol (Pty) Ltd
    ****   Director of Unitrans Holdings (Pty) Ltd

The grant of the share rights has taken place in terms of the rules of the KAP SRS and
accordingly, no clearance as contemplated in paragraph 3.66 of the JSE Limited Listings
Requirements, is required.
LAPSING OF 2017 SHARE RIGHTS

Shareholders are advised that the share rights granted to participants under the KAP SRS
effective 1 December 2017, which were due for vesting on or about 1 December 2020, have
lapsed as the performance criteria have not been achieved. The rights to these shares have
been cancelled in accordance with the provisions of the KAP SRS.

By order of the Board
KAP Secretarial Services Proprietary Limited

Stellenbosch
8 December 2020

Sponsor
PSG Capital

Date: 08-12-2020 11:00:00
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