Kap Industrial Holdings Limited (JSE:KAP) News - Grant And Acceptance Of Share Rights 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”) GRANT AND ACCEPTANCE OF SHARE RIGHTS In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, and in terms of the KAP Performance Share Rights Scheme (“KAP SRS”), shareholders are advised that off-market grant of rights over ordinary shares of no-par value in KAP ("KAP Shares") have been made to certain executive directors of KAP and of its major subsidiaries, and which rights have been accepted. The following information is disclosed in respect of the 2021 grant and acceptance: 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 Director of KAP Industrial Holdings Ltd (1-3) Director of PG Bison (Pty) Ltd* (4-5) Director of Safripol (Pty) Ltd* (6-7) * – a major subsidiary of the Company STATUS: EXECUTIVE/NON-EXECUTIVE Executive (1-7) TYPE AND CLASS OF SECURITIES Rights to ordinary shares (1-7) NATURE OF TRANSACTION Acceptance of rights granted to ordinary (1-7) shares in terms of the KAP SRS (off-market transaction) DATE OF AWARD OF RIGHTS 1 December 2021 (1-7) DATE OF ACCEPTANCE OF RIGHTS 1 December 2021 (1, 2, 4) 2 December 2021 (3, 5-7) VALUE OF A RIGHT R0.20 (1-7) NUMBER OF RIGHTS GRANTED AND 3 914 419 (1) ACCEPTED 2 472 665 (2) 1 211 845 (3) 1 333 030 (4) 402 916 (5) 1 333 030 (6) 454 501 (7) VALUE OF RIGHTS GRANTED AND R782 883.80 (1) ACCEPTED R494 533.00 (2) R242 369.00 (3) R266 606.00 (4) R80 583.20 (5) R266 606.00 (6) R90 900.20 (7) VESTING DATE OF RIGHTS The rights will vest on the third anniversary (1-7) of the award date, subject to the achievement of relevant performance criteria NATURE AND EXTENT OF INTEREST Direct, beneficial (1-7) IN THE TRANSACTION The grant and acceptance of the rights have taken place in terms of the rules of the KAP SRS and accordingly, no clearance as contemplated in paragraph 3.66 of the JSE Limited Listings Requirements, is required. By order of the Board KAP Secretarial Services Proprietary Limited Stellenbosch 3 December 2021 Sponsor PSG Capital Date: 03-12-2021 11:00:00 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.