KAP INDUSTRIAL HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1978/000181/06)
Share code: KAP
ISIN: ZAE000171963
LEI code: 3789001F51BC0045FD42
(“KAP” or “the Company”)


EXERCISE AND RELATED SETTLEMENT OF OPTIONS IN TERMS OF THE KAP PERFORMANCE SHARE
RIGHTS SCHEME


In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the following information
regarding the exercise of options by certain executive directors of KAP and of its major subsidiaries and the
related settlement thereof, in terms of the KAP Performance Share Rights Scheme (“KAP SRS”), is disclosed.

Upon the exercise of the options referred to below, the Company and the beneficiaries elected to settle same
on an after-tax net-equity basis, through the issue of ordinary shares as detailed below:

 NAME OF DIRECTOR                                       GN Chaplin                                     (1)
                                                        FH Olivier                                     (2)
                                                        SP Lunga                                       (3)
                                                        G Victor                                       (4)
                                                        W Killian                                      (5)
                                                        JN van Niekerk                                 (6)
                                                        WC Els                                         (7)

 COMPANY OF WHICH A DIRECTOR                            KAP Industrial Holdings Ltd                   (1-3)
                                                        PG Bison (Pty) Ltd*                           (4-5)
                                                        Safripol (Pty) Ltd*                           (6-7)
                                                        * major subsidiary of the Company

 STATUS: EXECUTIVE/NON-EXECUTIVE                        Executive                                     (1-7)

 TYPE AND CLASS OF SECURITIES                           Ordinary shares                               (1-7)

 NATURE OF TRANSACTION                                  Exercise of options by the director and
                                                        related after-tax net-equity settlement
                                                        by way of the issue of ordinary shares
                                                        to the director
                                                        (off-market transaction)                      (1-7)

 VESTING DATE OF OPTIONS EXERCISED                      1 December 2022                               (1-7)

 DATE OF EXERCISE OF OPTIONS                            1 December 2022                               (1-7)

 OPTION STRIKE PRICE                                    R0.20                                         (1-7)
 NUMBER OF OPTIONS EXERCISED                           1 013 892                                     (1)
                                                         616 556                                     (2)
                                                         288 236                                     (3)
                                                         381 912                                     (4)
                                                         104 521                                     (5)
                                                         360 294                                     (6)
                                                         145 668                                     (7)

 NUMBER OF ORDINARY SHARES ISSUED                      557 640                                       (1)
                                                       339 105                                       (2)
                                                       158 529                                       (3)
                                                       210 051                                       (4)
                                                        57 486                                       (5)
                                                       198 161                                       (6)
                                                        80 117                                       (7)

 NATURE AND EXTENT OF INTEREST IN THE                  Direct, beneficial                          (1-7)
 TRANSACTION


Clearance for the above was obtained in terms of paragraph 3.66 of the JSE Limited Listings Requirements.


Stellenbosch
2 December 2022

Sponsor
PSG Capital