HUDACO INDUSTRIES LIMITED - Officer's dealing in securities

Officer'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

OFFICER’S DEALING IN SECURITIES

Name of the       :   Hudaco
company

Name of officer   :   R Van Zyl

Designation       :   Group secretary

Date of           :   28 February 2017
transaction

Nature of         :
transactions
                      1   Exercise of 3 085 share appreciation
                          rights under the Hudaco Industries
                          Limited Share Appreciation Plan at a
                          VWAP price of R137.63 as follows:

                               -   585 share appreciation rights
                                   with a strike price of R50.50;
                               -   500 share appreciation rights
                                   with a strike price of R68.09;
                               -   2 000 share appreciation rights
                                   with a strike price of R81.05.

                          Settled by the delivery of 1 444 Hudaco
                          ordinary shares (off market).

                      2   Sale of 1 444 Hudaco ordinary shares at
                          the current market price of R139.69 per
                          share (on market).

                          These shares were acquired by
                          exercising the share appreciation
                          rights mentioned in 1 above.

Value of          :   R201 712,36
transactions

Nature of         :   Direct beneficial
interest
Clearance         :   Yes
obtained


Johannesburg
1 March 2017

Sponsor
Nedbank Corporate and Investment Banking

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