Dealing In KAP Shares By An Associate Of A Director 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”) DEALING IN KAP SHARES BY AN ASSOCIATE OF A DIRECTOR In compliance with paragraphs 3.63 to 3.74 of the JSE Limited (“JSE”) Listings Requirements (“JSE Listings Requirements”), the following information regarding the dealing in securities by an associate of a director is disclosed: NAME OF DIRECTOR FH Olivier NAME OF ASSOCIATE Mashoweng Investments (Pty) Ltd RELATIONSHIP WITH DIRECTOR Director of the associate COMPANY OF WHICH A DIRECTOR KAP Industrial Holdings Limited STATUS (EXECUTIVE/NON-EXECUTIVE) Executive TYPE AND CLASS OF SECURITIES Ordinary shares NATURE OF TRANSACTION Non-discretional sale of ordinary shares by the associate pursuant to a funding agreement# (off-market transaction) DATE OF TRANSACTION 19 February 2021 NUMBER OF SECURITIES TRANSACTED 458 997 PRICE PER SECURITY (CENTS) 585 TOTAL RAND VALUE OF SECURITIES R2 685 132.45 TRANSACTED NATURE AND EXTENT OF INTEREST IN Indirect, beneficial TRANSACTION # The sale of KAP ordinary shares was triggered by the termination of an existing funding agreement between the associate of the director and a third party lender (“Lender”) in terms of which the associate pledged, as collateral, 458 997 KAP ordinary shares as security for a loan (“Loan”) in the original amount of R1 428 237. In accordance with the JSE Listings Requirements, the aforementioned pledge was disclosed in the Company’s audited consolidated annual financial statements for the year ended 30 June 2020. The funding agreement entered into on 8 February 2016 afforded the Lender the discretion to exercise its right on the repayment date of the Loan to sell the KAP ordinary shares for settlement of the outstanding balance on 19 February 2021. The sale value of R2 685 132.45, was equal to the outstanding balance of the Loan on the date of disposal, inclusive of carrying costs, and was utilised fully in settling the Loan. On 11 December 2020, in terms of paragraph 3.70 of the JSE Listings Requirements, compliance with paragraph 3.69 of the JSE Listings Requirements was waived by the Issuer Regulation department of the JSE and clearance was given to the associate to transact in KAP ordinary shares during KAP’s closed period since neither the director nor his associate has any discretion in the transaction. By order of the Board KAP Secretarial Services Proprietary Limited Stellenbosch 22 February 2021 Sponsor PSG Capital Date: 22-02-2021 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.