HUDACO INDUSTRIES LIMITED - Director's dealing in securities

Director'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

DIRECTOR’S DEALING IN SECURITIES

 Name of the company                :   Hudaco

 Name of director                   :   CV Amoils

 Designation                        :   Financial director

 Date of transactions               :   22 February 2022

 Nature of transaction 1            :   Exercise at a VWAP price of R156.94 of
                                        14 054 share appreciation rights with a
                                        strike price of R92.04 and expiring in
                                        July 2022, under the Hudaco Industries
                                        Share Appreciation Plan (off market).

                                        Settled by the delivery of 5 811 Hudaco
                                        ordinary shares, purchased by the
                                        company (on market) at an average price
                                        of R148.60 per share, with lowest and
                                        highest prices per share of R146.80 and
                                        R151.40, respectively.

 Value of transaction 1             :   R863 503.74

 Nature of transaction 2            :   Exercise at a VWAP price of R156.94 of
                                        7 600 share appreciation rights with a
                                        strike price of R125.24 and expiring in
                                        July 2022, under the Hudaco Industries
                                        Share Appreciation Plan (off market).

                                        Settled by the delivery of 1 535 Hudaco
                                        ordinary shares, purchased by the
                                        company (on market) at an average price
                                        of R148.60 per share, with lowest and
                                        highest prices per share of R146.80 and
                                        R151.40, respectively.

 Value of transaction 2             :   R228 098.13

 Nature of transaction 3            :   Sale of 3 469 Hudaco ordinary shares at
                                        the current market price of R148.50 per
                                        share (on market) to settle the tax
                                        liability arising on transactions 1 and
                                        2.

 Value of transaction 3:            :   R515 146.50

 Nature of interest                 :   Direct beneficial

 Written clearance obtained         :   Yes

Edenvale
23 February 2022

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

Date: 23-02-2022 02:39:00
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.