HULAMIN LIMITED - Vesting of shares awarded and subsequent sale of shares

Vesting of shares awarded and subsequent sale of shares

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

VESTING OF SHARES AWARDED TO DIRECTORS OF HULAMIN AND DIRECTORS OF MAJOR
SUBSIDIARIES IN TERMS OF THE EQUITY-SETTLED CONDITIONAL SHARE PLAN AND
SUBSEQUENT SALE OF SHARES BY A DIRECTOR OF A MAJOR SUBSIDIARY

Shareholders are referred to the announcement published by the Company on SENS on 18 September
2018 wherein they were advised that Hulamin had granted awards in terms of its Equity-Settled
Conditional Share Plan (“Share Plan”), which comprises (“Award”):
• Bonus Shares; and
• Retention Shares

Accordingly, shareholders are notified of the details of vesting of the Awards, and the subsequent on-
market disposal of a portion of those shares by certain of the directors, as set out below.

 Name of recipient:                            RG Jacob – executive director
 Nature of transaction:                        Off-market delivery of Bonus Shares awarded in terms
                                               of the Share Plan
 Date of Award:                                26 July 2018
 Date of vesting of Award:                     26 July 2021
 Number of shares vested:
   Bonus Shares                                117 649
 Issue price:                                  Rnil (Free of charge)
 Notional value of transaction (based on       R292 946.01
 an implied price of R2.49 per Hulamin
 share, being the closing price of the date
 immediately preceding the date of
 delivery):
 Type of interest:                             Direct beneficial
 Clearance to deal obtained:                   Yes


 Name of recipient:                            L Farquharson – Director of major subsidiary
 Name of subsidiary:                           Hulamin Operations Proprietary Limited
 Nature of transaction:                        Off-market delivery of Bonus Shares awarded in terms
                                               of the Share Plan
 Date of Award:                                26 July 2018
 Date of vesting of Award:                     26 July 2021
 Number of shares vested:
   Bonus Shares                                25 183
 Issue price:                                  Rnil (Free of charge)
 Notional value of transaction based on        R62 705.67
 an implied price of R2.49 per Hulamin
 share, being the closing price of the date
 immediately preceding the date of
 delivery ):
 Type of interest:                             Direct beneficial
 Clearance to deal obtained:                   Yes


 Name of recipient:                            MA Janneker – Director of major subsidiary
 Name of subsidiary:                           Hulamin Operations Proprietary Limited
 Nature of transaction:                       Off-market delivery of Bonus Shares and Retention
                                              Shares awarded in terms of the Share Plan and the
                                              subsequent on-market disposal of those shares.
 Date of Award:                               26 July 2018
 Date of vesting of Award:                    26 July 2021
 Date of delivery:                            1 September 2021
 Number of shares vested:
   Bonus Shares                               43 709
   Retention Shares                           122 265
 Issue price:                                 Rnil (Free of charge)
 Notional value of transaction (based on      R108 835.41(Bonus Shares)
 an implied price of R2.49 per Hulamin        R304 439.85(Retention Shares)
 share, being the closing price of the date
 immediately preceding the date of
 delivery):
 Number of shares disposed of:
   Bonus Shares                               43 709
   Retention Shares                           122 265
 Price per share:                             R2.2973
 Total value of shares disposed of on-
 market:
   Bonus Shares                               R100 412.69
   Retention Shares                           R280 879.38
 Type of interest:                            Direct beneficial
 Clearance to deal obtained:                  Yes


 Name of recipient:                           C Fisher – Director of major subsidiary
 Name of subsidiary:                          Hulamin Operations Proprietary Limited
 Nature of transaction:                       Off-market delivery of Bonus Shares and Retention
                                              Shares awarded in terms of the Share Plan
 Date of Award:                               26 July 2018
 Date of vesting of Award:                    26 July 2021
 Date of delivery:                            1 September 2021
 Number of shares vested:
   Bonus Shares                               37 669
   Retention Shares                           118 280
 Issue price:                                 Rnil (Free of charge)
 Notional value of transaction (based on      R93 795.81(Bonus Shares)
 an implied price of R2.49 per Hulamin        R294 517.20(Retention Shares)
 share, being the closing price of the date
 immediately preceding the date of
 delivery):
 Type of interest:                            Direct beneficial
 Clearance to deal obtained:                  Yes


Pietermaritzburg
3 September 2021

Sponsor

Questco Corporate Advisory Proprietary Limited

Date: 03-09-2021 03:15:00
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