HUDACO INDUSTRIES LIMITED - Change to the board of directors and board committee

Change to the board of directors and board committee

HUDACO INDUSTRIES LIMITED
(“Hudaco” or the “Company”)
Incorporated in the Republic of South Africa
Registration number 1985/004617/06
Share code: HDC & ISIN: ZAE000003273

CHANGE TO THE BOARD OF DIRECTORS AND BOARD COMMITTEE

In compliance with paragraph 3.59 of the Listings Requirements of JSE Limited, the board of directors of Hudaco (“the
board”) hereby notifies its shareholders that, with effect from 22 June 2023, Bukelwa Bulo has been appointed as an
independent non-executive director of Hudaco and a member of the Company’s audit and risk management
committee.

Bukelwa is a Chartered Accountant (SA) and has completed a PLD at Harvard Business School, the requirements for a
CFA charter and a Bachelor of Business Science with Finance Honours. She has over 16 years’ experience in private
equity with exposure to a wide spectrum of sectors, including industrial services and retail. Bukelwa has expertise in
investment and divestment evaluation, deal structuring, and strategic and stakeholder management. She is a
cofounder of Jade Capital Partners, an investment holding company focused primarily on the property, industrial,
construction and building materials sectors. Her current directorships include non-executive directorships on the
boards of Capital Appreciation Limited, Netcare Limited and Sephaku Holdings Limited.

The board welcomes Bukelwa and looks forward to her contribution to Hudaco.


12 June 2023

Corporate advisor and Sponsor
Sponsor: Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 12-06-2023 04:28:00
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