Dealings In 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”) DEALINGS IN SHARES BY AN ASSOCIATE OF A DIRECTOR In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the following information regarding the dealings in securities is disclosed: NAME OF DIRECTOR FH Olivier COMPANY OF WHICH A DIRECTOR KAP Industrial Holdings Limited STATUS: EXECUTIVE/NON-EXECUTIVE Executive Director TYPE AND CLASS OF SECURITIES Ordinary shares NATURE OF TRANSACTIONS Sale of shares by an associate of a director (on-market transactions) (1) - (2) DATE OF TRANSACTIONS 29 November 2018 (1) 30 November 2018 (2) PRICE PER SECURITY High: 821 cents (1) Low: 820 cents VWAP: 821 cents 800 cents (2) NUMBER OF SECURITIES 27 607 (1) TRANSACTED 239 798 (2) TOTAL RAND VALUE OF SECURITIES R 226 587.44 (1) TRANSACTED R1 918 384.00 (2) NAME OF ASSOCIATE Mashoweng Investments Proprietary Limited RELATIONSHIP WITH DIRECTOR Director of associate (1) - (2) NATURE AND EXTENT OF INTEREST Indirect, beneficial (1) - (2) IN THE TRANSACTIONS Clearance for the above was obtained in terms of paragraph 3.66 of the JSE Limited Listings Requirements. By order of the Board KAP Secretarial Services Proprietary Limited Stellenbosch 3 December 2018 Sponsor PSG Capital Date: 03/12/2018 03:30:00 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.