HUDACO INDUSTRIES LIMITED - Officers dealing in securities

Officer’s dealing in securities

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

OFFICER’S DEALING IN SECURITIES

 Name of the company                :   Hudaco

 Name of officer                    :   R van Zyl

 Designation                        :   Company secretary

 Date of transactions               :   24 July 2019

 Nature of transaction 1            :   Exercise of 3 500 share appreciation
                                        rights with a strike price of R109.26
                                        under the Hudaco Industries Share
                                        appreciation Plan at a VWAP price of
                                        R117.26.

                                        Settled by the delivery of 238 Hudaco
                                        ordinary shares (off market).

 Value of transaction 1             :   R27 900.74

 Nature of transaction 2            :   Sale of 107 Hudaco ordinary shares at
                                        the current market price of R117.23 per
                                        share (on market) to settle the tax
                                        liability arising on transaction 1.

 Value of transaction 2:            :   R12 543.61

 Nature of interest                 :   Direct beneficial

 Written clearance obtained         :   Yes


Edenvale
25 July 2019

Sponsor
Nedbank Corporate and Investment Banking

Date: 25/07/2019 01:17:00
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.