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KAP INDUSTRIAL HOLDINGS LIMITED - Grant and acceptance of share rights

Release Date: 03/12/2021 12:53
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Grant and acceptance of share rights

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

GRANT AND ACCEPTANCE OF SHARE RIGHTS

In compliance with paragraphs 6.42 to 6.53 of the JSE Limited Debt Listings Requirements, and in
terms of the KAP Performance Share Rights Scheme (“KAP SRS”), shareholders are advised that off-
market grant of 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, and which rights have been accepted.

The following information is disclosed in respect of the 2021 grant and acceptance:

 NAME OF DIRECTOR                               GN Chaplin                                      (1)
                                                FH Olivier                                      (2)
                                                SP Lunga                                        (3)
                                                G Victor                                        (4)
                                                W Killian                                       (5)
                                                JN van Niekerk                                  (6)
                                                WC Els                                          (7)

 COMPANY OF WHICH A DIRECTOR                    Director of KAP Industrial Holdings Ltd         (1-3)
                                                Director of PG Bison (Pty) Ltd*                 (4-5)
                                                Director of Safripol (Pty) Ltd*                 (6-7)
                                                * – a major subsidiary of the Company

 STATUS: EXECUTIVE/NON-EXECUTIVE                Executive                                       (1-7)

 TYPE AND CLASS OF SECURITIES                   Rights to ordinary shares                       (1-7)

 NATURE OF TRANSACTION                          Acceptance of rights granted to ordinary        (1-7)
                                                shares in terms of the KAP SRS
                                                (off-market transaction)

 DATE OF AWARD OF RIGHTS                        1 December 2021                                 (1-7)

 DATE OF ACCEPTANCE OF RIGHTS                   1 December 2021                                 (1, 2, 4)
                                                2 December 2021                                 (3, 5-7)

 VALUE OF A RIGHT                               R0.20                                           (1-7)

 NUMBER OF RIGHTS GRANTED AND                   3 914 419                                       (1)
 ACCEPTED                                       2 472 665                                       (2)
                                                1 211 845                                       (3)
                                                1 333 030                                       (4)
                                                402 916                                         (5)
                                                1 333 030                                       (6)
                                                454 501                                         (7)
 VALUE OF RIGHTS GRANTED AND                    R782 883.80                                     (1)
 ACCEPTED                                       R494 533.00                                     (2)
                                                R242 369.00                                     (3)
                                                R266 606.00                                     (4)
                                                R80 583.20                                      (5)
                                                R266 606.00                                     (6)
                                                R90 900.20                                      (7)

 VESTING DATE OF RIGHTS                         The rights will vest on the third anniversary   (1-7)
                                                of the award date, subject to the
                                                achievement of relevant performance
                                                criteria

 NATURE AND EXTENT OF INTEREST                  Direct, beneficial                              (1-7)
 IN THE TRANSACTION

The grant and acceptance of the rights have taken place in terms of the rules of the KAP SRS and
accordingly, no clearance as contemplated in paragraph 6.45 of the JSE Limited Debt Listings
Requirements, is required.

By order of the Board
KAP Secretarial Services Proprietary Limited

Stellenbosch
3 December 2021

Debt Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 03-12-2021 12:53:00
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