No Change Statement And Notice Of Annual General Meeting 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”) NO CHANGE STATEMENT AND NOTICE OF ANNUAL GENERAL MEETING NO CHANGE STATEMENT KAP shareholders are hereby advised that KAP’s annual integrated report, containing the group’s audited consolidated financial statements for the year ended 30 June 2019, was dispatched to shareholders today, 15 October 2019, and contains no modifications to the audited results which were announced on SENS on 20 August 2019. The Company’s annual integrated report and its corporate governance report are respectively available on the Company’s website at: http://www.kap.co.za/investor-relations/results-reports-archive/ and at https://www.kap.co.za/about/corporate-governance/. NOTICE OF ANNUAL GENERAL MEETING Notice is hereby given that the 41st annual general meeting of shareholders of KAP will be held at the Investec building at 36 Hans Strijdom Avenue, Foreshore, Cape Town on Wednesday, 13 November 2019 at 14:30, to transact the business as set out in the notice of annual general meeting, which was mailed to shareholders today and which is also available on the Company’s website at https://www.kap.co.za/about/corporate-governance/. The date on which shareholders must be recorded in the share register of KAP in order to be eligible to vote at the annual general meeting shall be Friday, 8 November 2019 (meeting record date), with the last day to trade being Tuesday, 5 November 2019. By order of the Board KAP Secretarial Services Proprietary Limited Stellenbosch 15 October 2019 Sponsor PSG Capital Date: 15/10/2019 04:55:00 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.