Dealings In Shares By Directors KAAP AGRI LIMITED (Incorporated in the Republic of South Africa) (Registration number 2011/113185/06) ISIN: ZAE000244711 Share code: KAL (“Kaap Agri”) DEALINGS IN SHARES BY DIRECTORS In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the following information regarding dealings in securities is disclosed: 1. NAME OF DIRECTOR GW Sim COMPANY OF WHICH A DIRECTOR Kaap Agri Limited STATUS: EXECUTIVE/NON-EXECUTIVE Executive TYPE AND CLASS OF SECURITIES Ordinary shares NATURE OF TRANSACTION Purchase of shares by a director (on-market transaction) DATE OF TRANSACTION 26 September 2018 PRICE PER SECURITY 3 900 cents NUMBER OF SECURITIES TRANSACTED 7 500 TOTAL RAND VALUE OF SECURITIES R292 500.00 TRANSACTED NATURE AND EXTENT OF INTEREST IN THE Direct, beneficial TRANSACTION 2. NAME OF DIRECTOR WC Michaels COMPANY OF WHICH A DIRECTOR Kaap Agri Limited STATUS: EXECUTIVE/NON-EXECUTIVE Independent non-executive TYPE AND CLASS OF SECURITIES Ordinary shares NATURE OF TRANSACTION Purchase of shares by a director (on-market transaction) DATE OF TRANSACTION 26 September 2018 PRICE PER SECURITY 4 000 cents NUMBER OF SECURITIES TRANSACTED 1 250 TOTAL RAND VALUE OF SECURITIES R50 000.00 TRANSACTED NATURE AND EXTENT OF INTEREST IN THE Direct, beneficial TRANSACTION Clearance for the above dealings was obtained in terms of paragraph 3.66 of the JSE Limited Listings Requirements. Paarl 27 September 2018 Sponsor PSG Capital Date: 27/09/2018 02:20:00 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.