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 officer:                  GR Dunford

Date of transaction no 1:                 10 July 2015

Nature of transaction no 1:               Automatic exercise on the expiry
                                          of share appreciation rights
                                          under the Hudaco Industries
                                          Limited Share Appreciation Plan
                                          at a VWAP price of R125.24 as
                                          follows:

                                          21 666 share appreciation rights
                                          with a strike price of R39.75,
                                          settled by the delivery of
                                          14 789 Hudaco ordinary shares
                                          (off market).

Exercise price per share:                 R125.24

Deemed value of transaction no 1:         R1 852 226.34


Nature of transaction no 2:               Sale of 5 949 Hudaco ordinary
                                          shares (on market) at the
                                          current market price of R129.96.
                                          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.

Sale price per share:                     R129.96

Value of transaction no 2:                R773 132.04

Nature of interest:                       Direct beneficial

Written clearance obtained:               Yes

Johannesburg
13 July 2015

Sponsor
Nedbank

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