Dealings In KAP Securities For Purposes Of The KAP Performance Share Rights Scheme 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 KAP SECURITIES FOR PURPOSES OF THE KAP PERFORMANCE SHARE RIGHTS SCHEME In compliance with paragraph 14.9(d) of Schedule 14 and paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the below-mentioned information is disclosed relating to the dealings in KAP ordinary securities (“KAP Shares”) by the Company. In terms of the KAP Performance Share Rights Scheme (the "Scheme"), the Company is obliged to issue KAP Shares for delivery to participants of the Scheme to the extent that vesting of rights has taken place in terms of the rules of the Scheme. In order to reduce the effect of dilution on shareholders resulting from any potential future vestings that may take place in terms of the Scheme, the Company is entitled to procure KAP Shares for delivery to participants by acquiring such shares in the market. Accordingly, in terms of a repurchase programme registered with the JSE Limited, the KAP Shares set out below were acquired to facilitate the potential future delivery of KAP Shares under the Scheme. NAME OF SCHEME KAP Performance Share Rights Scheme COMPANY TO WHICH THE SCHEME KAP Industrial Holdings Limited RELATES CLASS AND TYPE OF SECURITIES Ordinary Shares DATE OF TRANSACTIONS 20 January 2021 (1) 21 January 2021 (2) 22 January 2021 (3) CENTS PER SHARE VWAP: 378.28 (1) High: 384 Low: 363 VWAP: 361.11 (2) High: 370 Low: 357 VWAP: 356.83 (3) High: 361 Low: 356 NUMBER OF SECURITIES TRANSACTED 802 517 (1) 380 476 (2) 378 465 (3) TOTAL RAND VALUE OF SECURITIES R3 035 761.31 (1) R1 373 936.88 (2) R1 350 476.66 (3) NATURE OF TRANSACTIONS Purchase by the Company of its own issued shares via on-market transactions to enable KAP to fulfil its obligations to participants under the Scheme (1-3) Clearance to deal in these shares was obtained in accordance with paragraph 3.66 of the JSE Limited Listings Requirements. Stellenbosch 25 January 2021 Sponsor PSG Capital Date: 25-01-2021 12:00:00 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.