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”) GRANT AND ACCEPTANCE 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 grant and acceptance of options by certain executive directors of KAP and of its major subsidiaries, in terms of the KAP Performance Share Rights Scheme (“KAP SRS”), is disclosed: 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 Options to acquire ordinary shares (1-7) NATURE OF TRANSACTION Acceptance of award of options to acquire ordinary shares in terms of the KAP SRS (off-market transaction) (1-7) DATE OF AWARD OF OPTIONS 1 December 2022 (1-7) DATE OF ACCEPTANCE OF OPTIONS 2 December 2022 (1-7) OPTION STRIKE PRICE R0.20 (1-7) NUMBER OF OPTIONS GRANTED AND 4 020 903 (1) ACCEPTED 2 540 022 (2) 1 369 342 (3) 1 369 342 (4) 470 331 (5) 1 369 342 (6) 466 929 (7) VESTING DATE OF OPTIONS The options will vest on the third Anniversary of the award date, subject to the achievement of the relevant performance criteria (1-7) NATURE AND EXTENT OF INTEREST IN THE Direct, beneficial (1-7) TRANSACTION Notwithstanding the fact that the grant and acceptance of the options have taken place in terms of the rules of the KAP SRS, clearance for the above was obtained in terms of paragraph 3.66 of the JSE Limited Listings Requirements. Stellenbosch 5 December 2022 Sponsor PSG Capital