Dealing in shares – Transfer of shares from a director to an associate

KAP LIMITED
(Formerly KAP Industrial Holdings Limited)
(Incorporated in the Republic of South Africa)
(Registration number: 1978/000181/06)
JSE alpha code: KAP
LEI code: 3789001F51BC0045FD42
('KAP' or 'the Company')


DEALING IN SHARES – TRANSFER OF SHARES FROM A DIRECTOR TO AN ASSOCIATE


Noteholders are advised that the chief financial officer of the Company, Mr Frans Olivier ("Director"), sold KAP
ordinary shares to his associate, which transfer of shares does not affect the aggregate shareholding of the
Director and his associates in KAP.

In compliance with paragraphs 6.42 to 6.53 of the JSE Listings Requirements, details of the transfer are disclosed
in the table below:

 NAME OF DIRECTOR                         FH Olivier

 COMPANY OF WHICH A                       KAP Limited
 DIRECTOR

 STATUS: EXECUTIVE/NON-                   Executive director
 EXECUTIVE

 TYPE AND CLASS OF SECURITIES             Ordinary shares

 NATURE OF TRANSACTIONS                   (1)    Off-market transaction in terms of which the Director sold
                                                 ordinary shares to his associate, The Mashoweng Trust
                                          (2)    Off-market transaction in terms of which The Mashoweng Trust,
                                                 an associate of the Director, acquired ordinary shares from the
                                                 Director

 DATE OF TRANSACTION                      26 October 2023

 NUMBER OF SECURITIES                     480 000
 TRANSACTED

 PRICE PER SECURITY (CENTS)               212 (being the market price per share at close of business on
                                          24 October 2023)

 TOTAL RAND VALUE OF                      R1 017 600.00
 SECURITIES TRANSACTED

 NAME OF ASSOCIATE                        The Mashoweng Trust

 RELATIONSHIP WITH DIRECTOR               The Director is a trustee and beneficiary of The Mashoweng Trust

 NATURE AND EXTENT OF                     (1)    Sale of shares by the Director: Direct beneficial
 INTEREST IN THE TRANSACTIONS             (2)    Acquisition of shares by associate: Indirect beneficial

Clearance for the above transaction was obtained in terms of paragraph 6.45 of the Debt Listings Requirements.

Stellenbosch
27 October 2023

Debt Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 27-10-2023 03:00:00
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.