HULAMIN LIMITED - Dealings in securities by director

Dealings in securities by director

HULAMIN LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1940/013924/06)
ISIN: ZAE000096210
Share Code: HLM
("Hulamin")

EXERCISE OF SHARE APPRECIATION RIGHTS AND LONG TERM INCENTIVE PLAN
AWARDS AND SUBSEQUENT SALE OF SHARES BY DIRECTOR OF HULAMIN LIMITED

In compliance with the JSE Limited Listings Requirements, the
following information is disclosed:

Director:                       R G Jacob
Company:                        Hulamin Limited
Nature of transaction:          Off market exercise of share
                                appreciation rights ("SARS")
                                and subsequent on market
                                sale of shares
Date of exercise:               22 October 2015
Class of securities:            SARS in respect of ordinary
                                shares
Hulamin SAR strike price:       R4.56
Strike date:                    25 February 2013
Number of SARS exercised:       530 732 Hulamin SARS settled
                                by the purchase of 185 491
                                Hulamin ordinary shares of
                                which 74 255 were
                                subsequently sold on market
Date of sale:                   22 October 2015
Selling Price:                  R7.06
Value of sale:                  R524 240.30
Nature of interest:             Direct beneficial
Clearance obtained:             Yes


Director:                       R G Jacob
Company:                        Hulamin Limited
Nature of transaction:          Off market exercise of long
                                term incentive plan awards
                                with performance conditions
                                ("LTIP-PC") and subsequent
                                on market sale of shares
Date of exercise:               22 October 2015
Class of securities:            LTIP-PC in respect of
                                ordinary shares
Grant date:                     25 February 2013
Number of LTIP-PC exercised:    198 772 Hulamin LTIP-PC
                                settled by the purchase of
                                97 169 Hulamin ordinary
                                shares of which 41 296 were
                                subsequently sold on market
Date of sale:                   22 October 2015
Selling Price:                  R7.05
Value of sale:                  R291 136.80
Nature of interest:             Direct beneficial
Clearance obtained:             Yes


Director:                       R G Jacob
Company:                        Hulamin Limited
Nature of transaction:          Off market exercise of long
                                term incentive plan awards
                                with no performance
                                conditions ("LTIP-NPC") and
                                subsequent on market sale of
                                shares
Date of exercise:               22 October 2015
Class of securities:            LTIP-NPC in respect of
                                ordinary shares
Grant date:                     25 February 2013
Number of LTIP-NPC              66 257 Hulamin SARS settled
exercised:                      by the purchase of 66 257
                                Hulamin ordinary shares of
                                which
                                28 159 were subsequently
                                sold on market
Date of sale:                   22 October 2015
Selling Price:                  R7.05
Value of sale:                  R198 520.95
Nature of interest:             Direct beneficial
Clearance obtained:             Yes


Summary of trades:

Shares acquired with the settlement
of share scheme awards                  348 917
Shares sold to defray tax liability     143 710
Shares retained                         205 207

Pietermaritzburg
27 October 2015

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

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