HUDACO INDUSTRIES LIMITED - Dealing in securities by a director

Dealing in securities by a director

Hudaco Industries Limited
(“Hudaco” or “the company”)
Incorporated in the Republic of South Africa
Registration number: 1985/004617/06
Share code: HDC
ISIN code: ZAE000003273

DEALING IN SECURITIES BY A DIRECTOR

In terms of paragraph 3.63 - 3.65 of the JSE Limited Listings
Requirements, the following information, relating to the
dealing in securities by a director is disclosed:

Chief executive      :                GR Dunford

Date of transaction no 1:             24 July 2015

Nature of transaction no 1:           Exercise of share
                                      appreciation rights under the
                                      Hudaco Industries Limited
                                      Share Appreciation Plan at a
                                      VWAP price of R130.62 as
                                      follows:

                                      1. 13 333 share appreciation
                                         rights with a strike price
                                         of R71.45;
                                      2. 44 040 share appreciation
                                         rights with a strike price
                                         of R50.50;
                                      3. 17 000 share appreciation
                                         rights with a strike price
                                         of R68.09; and
                                      4. 17 334 share appreciation
                                         rights with a strike price
                                         of R81.05

                                      Settled by the delivery of
                                      47 769 Hudaco ordinary shares
                                      (off market)

Exercise price per share:             13146.71 cents

Deemed value of transaction 1:        R6 280 051.90

Date of transaction no 2:             24 July 2015

Nature of transaction no 2:           Sale of 19 639 Hudaco
                                      ordinary shares at the
                                      current market price of
                                      R131.51 per share (on
                                      market). These shares were
                                      acquired by exercising the
                                      share appreciation rights
                                      referred to above and were
                                      sold to fund the tax
                                      liability arising from the
                                      exercise of those rights.

Value of transaction no 2:            R2 582 724.89


Nature of interest:                   Direct beneficial

Written clearance obtained:           Yes


Johannesburg
27 July 2015

Sponsor
Nedbank

Date: 27/07/2015 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.