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:

Financial director:                       CV Amoils

Date of transactions:                     28 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 R129.96 as follows:

                                          21 667 share appreciation rights
                                          with a strike price of R50.50,
                                          settled by the delivery of
                                          13 247 Hudaco ordinary shares
                                          (off market).

Exercise price per share:                 R129.96

Deemed value of transaction no 1:         R1 721 580.12


Nature of transaction no 2:               Sale of 5 447 Hudaco ordinary
                                          shares (on market) at the
                                          current market price of R130.70.
                                          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:                     R130.70

Value of transaction no 2:                R711 922.90

Nature of interest:                       Direct beneficial

Written clearance obtained:               Yes

Johannesburg
28 July 2015

Sponsor
Nedbank

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