Dealing 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”) DEALING 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 dealing in securities by an associate of a director is disclosed: NAME OF DIRECTOR GN Chaplin NAME OF ASSOCIATE Straalhoek Sawmill (Pty) Ltd RELATIONSHIP WITH DIRECTOR Director of associate COMPANY OF WHICH A DIRECTOR KAP Industrial Holdings Limited STATUS: EXECUTIVE/NON-EXECUTIVE Executive TYPE AND CLASS OF SECURITIES Ordinary shares NATURE OF TRANSACTION Purchase of shares by an associate of a director (on-market transaction) DATE OF TRANSACTION 17 March 2020 NUMBER OF SECURITIES TRANSACTED 551 900 PRICE PER SECURITY (CENTS) High: 180 Low: 158 VWAP: 176.08 TOTAL RAND VALUE OF SECURITIES R971 808.19 TRANSACTED NATURE AND EXTENT OF INTEREST IN Indirect, beneficial TRANSACTION 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 19 March 2020 Sponsor PSG Capital Date: 19-03-2020 12:00:00 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.