Dealing In Company Shares 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 COMPANY SHARES 1. VESTING AND EXERCISE OF SHARE RIGHTS GRANTED IN 2018 The share rights granted to participants under the KAP Performance Share Rights Scheme (“KAP SRS”) in November 2018 have vested with effect from 2 November 2021 (“Vesting Date”), in accordance with the measurement criteria and rules of the KAP SRS. Pursuant to this vesting, the executive directors of KAP and of its major subsidiaries in the table below, received KAP ordinary shares of no par value (“KAP Shares”) on 15 November 2021 in an off-market transaction. The strike price of each KAP Share is R4.72, being the closing trading price of the KAP Share on the JSE Limited (“JSE”) on the last business day preceding the Vesting Date, namely 29 October 2021, in accordance with the provisions of the KAP SRS. In compliance with paragraphs 3.63 to 3.74 of the JSE Listings Requirements, the following information is disclosed: NAMES OF DIRECTORS GN Chaplin (1) FH Olivier (2) G Victor (3) W Killian (4) SP Lunga (5) JN van Niekerk (6) WC Els (7) COMPANY OF WHICH A DIRECTOR KAP Industrial Holdings Ltd (1-2) PG Bison (Pty) Ltd# (3-4) Unitrans Holdings (Pty) Ltd# (5) Safripol (Pty) Ltd# (6-7) # - a major subsidiary of the Company STATUS: EXECUTIVE/NON-EXECUTIVE Executive (1-7) TYPE AND CLASS OF SECURITIES Rights in relation to (1-7) ordinary shares NATURE OF TRANSACTIONS Acquisition of ordinary shares (1-7) through the exercise of rights in terms of the KAP Performance Share Rights Scheme (off-market transactions) VESTING DATE 2 November 2021 (1-7) DATE OF EXERCISE 15 November 2021 (1-7) OPTION STRIKE PRICE R4.72 (1-7) NUMBER OF RIGHTS EXERCISED 789 145 (1) 479 885 (2) 297 254 (3) 92 628 (4) 198 056 (5) 108 226 (6) 113 378 (7) PERIOD OF EXERCISE The KAP Performance Share Rights Scheme does not set a time limit from Vesting Date during which participants must exercise their rights NAMES OF ASSOCIATES Straalhoek Sawmill (Pty) Ltd (1) Mashoweng Investments (2) (Pty) Ltd RELATIONSHIP WITH DIRECTOR Director of the associate (1-2) NATURE AND EXTENT OF INTEREST IN Indirect, beneficial (1-2) THE TRANSACTIONS 2. DISPOSAL OF SHARES BY DIRECTORS SUBSEQUENT TO A VESTING OF SHARE RIGHTS GRANTED IN 2018 Following the vesting of the KAP rights as set out above, and in order to settle their income tax obligations arising from the vesting, the below-mentioned directors each disposed of a portion of their shares, in compliance with paragraphs 3.63 to 3.74 of the JSE Listings Requirements, in an off-market transaction on 15 November 2021, as disclosed below: NAMES OF DIRECTORS GN Chaplin (1) FH Olivier (2) G Victor (3) W Killian (4) SP Lunga (5) JN van Niekerk (6) WC Els (7) COMPANY OF WHICH A DIRECTOR KAP Industrial Holdings Ltd (1-2) PG Bison (Pty) Ltd# (3-4) Unitrans Holdings (Pty) Ltd# (5) Safripol (Pty) Ltd# (6-7) # - a major subsidiary of the Company STATUS: EXECUTIVE/NON-EXECUTIVE Executive (1-7) TYPE AND CLASS OF SECURITIES Ordinary shares (1-7) NATURE OF TRANSACTIONS Disposal of shares in off-market transactions to settle tax obligations (1-7) DATE OF TRANSACTIONS 15 November 2021 (1-7) PRICE PER SECURITY R4.72 (1-7) NUMBER OF SECURITIES 355 116 (1) TRANSACTED 215 949 (2) 133 765 (3) 41 683 (4) 77 511 (5) 48 702 (6) 51 021 (7) TOTAL RAND VALUE OF SECURITIES R1 676 147.52 (1) TRANSACTED R1 019 279.28 (2) R 631 370.80 (3) R 196 743.76 (4) R 365 851.92 (5) R 229 873.44 (6) R 240 819.12 (7) NAMES OF ASSOCIATES Straalhoek Sawmill (Pty) Ltd (1) Mashoweng Investments (2) (Pty) Ltd RELATIONSHIP WITH DIRECTOR Director of the associate (1-2) NATURE AND EXTENT OF INTEREST IN Indirect, beneficial (1-2) THE TRANSACTIONS Clearance for the above was obtained in terms of paragraph 3.66 of the JSE Listings Requirements. By order of the Board KAP Secretarial Services Proprietary Limited Stellenbosch 15 November 2021 Sponsor PSG Capital Date: 15-11-2021 05:00:00 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.