HDC - Hudaco Industries Limited - Voluntary announcement regarding the

HDC - Hudaco Industries Limited - Voluntary announcement regarding the          
acquisition of the trading assets and liabilities of Keys Makin Plastics        
Proprietary Limited and Quality Compounding Proprietary Limited                 
HUDACO INDUSTRIES LIMITED                                                       
(Incorporated in the Republic of South Africa)                                  
(Registration number 1985/004617/06)                                            
Share code: HDC & ISIN: ZAE000003273                                            
("Hudaco")                                                                      
VOLUNTARY ANNOUNCEMENT REGARDING THE ACQUISITION OF THE TRADING ASSETS AND      
LIABILITIES OF KEYS MAKIN PLASTICS PROPRIETARY LIMITED AND QUALITY              
COMPOUNDING PROPRIETARY LIMITED (COLLECTIVELY "KEYMAK")                         
Hudaco has acquired the trading assets and liabilities of Keymak. The final     
total consideration will depend on the average profits over a three year earn-  
out period, with a maximum of R112 million and an initial payment of R52        
million.                                                                        
Keymak is a manufacturer and distributor of specialised PVC flexible hose,      
mainly for the mining industry. These hoses are manufactured in line with       
SABS 1086 standard and comply with the stringent   requirements of the mines.   
Keymak is an ideal fit for Hudaco and strongly complements the business of      
Astore Africa, an established operation within Hudaco that distributes          
specialised plastic pipes and pipe fittings for several industries, including   
the mining industry.  Keymak will operate as a separate business but will       
seek synergies with Astore Africa.                                              
The Transaction falls below the threshold of a category 2 transaction in        
terms of JSE Listings Requirements and accordingly, this announcement is        
purely for information purposes.                                                
Johannesburg                                                                    
13 June 2012                                                                    
Sponsor                                                                         
Nedbank Capital                                                                 
Date: 13/06/2012 14:34:02 Supplied by www.sharenet.co.za                     
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.