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 securities by KAP Corporate Services (Pty) Limited, a wholly-owned subsidiary of KAP. In terms of the KAP Performance Share Rights Scheme (“the Scheme”), the Company has previously issued new shares for delivery to participants of the Scheme to the extent that vesting has taken place in terms of the rules of the Scheme. In order to reduce the effects of dilution on shareholders resulting from any potential future vestings that may take place in terms of the Scheme, the Company or a nominated subsidiary is entitled to procure shares for delivery to participants by acquiring such shares in the market. Accordingly, the KAP shares set out below were acquired to facilitate the potential future delivery of shares under the Scheme. NAME OF SCHEME KAP Performance Share Rights Scheme COMPANY TO WHICH THE SCHEME KAP Industrial Holdings Limited RELATES TYPE OF SECURITIES Shares CLASS OF SECURITIES Ordinary DATE OF TRANSACTIONS 6 September 2019 (1) 9 September 2019 (2) 10 September 2019 (3) CENTS PER SHARE VWAP: 507.1897 (1) High: 518 Low: 486 VWAP: 516.4759 (2) High: 520 Low: 511 VWAP: 515.7222 (3) High: 519 Low: 512 NUMBER OF SECURITIES TRANSACTED 844 618 (1) 954 005 (2) 190 000 (3) TOTAL RAND VALUE OF SECURITIES R4 283 815.42 (1) R4 927 205.64 (2) R 979 872.23 (3) NATURE OF TRANSACTIONS Purchase of shares by a (1) - (3) subsidiary of KAP to enable KAP to fulfil its obligations to participants under the KAP Performance Share Rights Scheme (on-market transactions) Clearance to deal in these shares was obtained in accordance with paragraph 3.66 of the JSE Limited Listings Requirements. Stellenbosch 11 September 2019 Sponsor PSG Capital Date: 11/09/2019 03:00:00 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.