HULAMIN LIMITED - Acceptance of rights to participate in share incentive plans by executive directors and company secretary

Acceptance of rights to participate in share incentive plans by executive directors and company secretary

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

ACCEPTANCE OF RIGHTS TO PARTICIPATE IN SHARE INCENTIVE PLANS BY EXECUTIVE DIRECTORS AND
COMPANY SECRETARY

On 20 May 2014, Executive Directors accepted Rights to participate in Hulamin’s share
incentive plans as follows:

Share appreciation rights in respect of ordinary shares, which are off market and which are
subject to performance conditions and vest after three years at a grant price of R6.80.

R G Jacob                   633 100 rights                  Direct Beneficial
D A Austin                  196 546 rights                  Direct Beneficial
M Z Mkhize                  201 780 rights                  Direct Beneficial

Long term incentive plan awards, which are off market and which are subject to performance
conditions and vest after three years.

R G Jacob                 236 998 conditional awards              Direct Beneficial
D A Austin                85 780 conditional awards               Direct Beneficial
M Z Mkhize                88 064 conditional awards               Direct Beneficial

Long term incentive plan awards, which are off market and which are subject to no
performance conditions and vest after three years.


R G Jacob                78 999 conditional awards                Direct Beneficial
D A Austin               28 593 conditional awards                Direct Beneficial
M Z Mkhize               29 355 conditional awards                Direct Beneficial


On 20 May 2014, the Company Secretary accepted rights to participate in Hulamin's share
incentive plans as follows:

Share appreciation rights in respect of ordinary shares, which are off market and which are
subject to performance conditions and vest after three years at a grant price of R6.80.

W Fitchat                   73 436 rights                        Direct Beneficial

Long term incentive plan awards, which are off market and which are subject to performance
conditions and vest after three years.

W Fitchat                   42 755 conditional awards            Direct Beneficial

Long term incentive plan awards, which are off market and which are subject to no
performance conditions and vest after three years.

W Fitchat                   14 251 conditional awards            Direct Beneficial

The allocations have been approved by the Board.


20 May 2014
Pietermaritzburg

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

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