HUDACO INDUSTRIES LIMITED - Dealing in securities by director

Dealing in securities by director

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


DEALING IN SECURITIES BY DIRECTOR


Group financial director:              CV Amoils

Date of transactions:                  27 February 2018

Nature of transaction no 1:            Exercise of share appreciation rights
                                       under the Hudaco Industries Limited
                                       Share Appreciation Plan at a VWAP
                                       price of R163.84 as follows:

                                       1. 20 000 share appreciation rights
                                          with a strike price of R68.09;
                                       2. 9 000 share appreciation rights
                                          with a strike price of R81.05

                                       Settled by the delivery of 16 235
                                       Hudaco ordinary shares (on market)

Exercise price per share:              R160.50 cents

Deemed value of transaction 1:         R2 605 717.50

Date of transaction 2:                 27 February 2018

Nature of transaction no 2:            Sale of 7 307 ordinary shares at the
                                       current market price of R160.50 per
                                       share (on market). These shares were
                                       acquired by exercising the share
                                       appreciation rights referred to above
                                       and were sold to fund the tax
                                       liability arising from the exercise
                                       of those rights.

Value of transaction no 2:             R1 172 773.50

Nature of interest:                    Direct beneficial

Written clearance obtained:            Yes



Edenvale
28 February 2018


Nedbank Corporate and Investment Banking
Sponsor

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