Sharenet Sites 
Sharenet Sites
Update on the impact of COVID-19 on Group Operations and Gradual Plant Restart
HULAMIN LIMITED
(Incorporated in the Republic of South Africa)
Registration number 1940/013924/06
JSE Code: HLM
ISIN: ZAE000096210
(“Hulamin” or “the Company”)
UPDATE ON THE IMPACT OF COVID-19 ON GROUP OPERATIONS AND GRADUAL PLANT RESTART
In the best interests of all stakeholders, and following President Ramaphosa’s announcement of a
21-day nationwide lockdown on Monday, 23 March 2020, Hulamin closed operations on Thursday,
26 March 2020. At the point of closing, quantities of customer finished goods were retained on- and
off-site in order to ensure customer supply continuity of food and beverage related packaging
products. Hulamin supplies approximately 45% of its products into packaging applications.
On 1 April 2020, Hulamin received a certificate from the Companies and Intellectual Properties
Commission (CIPC), designating its packaging product operations as “essential services”. This has
required the company to restart operations, starting with dispatch and logistics services and
followed by core manufacturing operations. Rolling operations have also commenced.
Hulamin employees returning to work pose risks of on-site infection. As a responsible corporate
citizen, Hulamin has taken extraordinary steps to protect employees and other on-site workers from
being infected. These measures include prescreening, provision of face masks, individual hand
sanitizer and team-based social distancing. Hulamin is also testing and inducting anyone required on
site. To date, no positive test results have been recorded.
On Thursday 9 April, President Ramaphosa announced a 14-day extension to the national lockdown
in South Africa. As a result of this extension, the period during which Hulamin’s customer demand is
affected and throughput is retarded will remain in place for longer than originally planned.
Hulamin closed 2019 with a strong balance sheet, borrowings below R300 million and considerable
headroom in its debt facilities. The national lockdown is a significant disruption to operations and
the drop off in demand for our products, particularly in the general engineering and automotive
sectors, will negatively impact EBITDA in the first half of 2020. Concurrently, the London Metals
Exchange price of Aluminium and the Rand / US Dollar exchange rate have been particularly volatile.
Hulamin is therefore managing cash flows and costs daily to ensure adequate liquidity.
Pietermaritzburg
17 April 2020
Sponsor
Questco Corporate Advisory Proprietary Limited
Date: 17-04-2020 03:10:00
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.
