KAP LIMITED - Grant And Acceptance Of Options In Terms Of The Kap Performance Share Rights Scheme

Grant And Acceptance Of Options In Terms Of The Kap Performance Share Rights Scheme

KAP LIMITED
(former name 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 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 2023                                  (1-7)

 DATE OF ACCEPTANCE OF OPTIONS                           4 December 2023                                  (1-7)

 OPTION STRIKE PRICE                                     R0.20                                            (1-7)


 NUMBER OF OPTIONS GRANTED AND                           7 087 428                                          (1)
 ACCEPTED                                                4 477 160                                          (2)
                                                         2 413 665                                          (3)
                                                         2 413 665                                          (4)
                                                           878 821                                          (5)
                                                         2 413 665                                          (6)
                                                           872 304                                          (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
4 December 2023

Sponsor
PSG Capital

Date: 04-12-2023 10:01:00
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.