HUDACO INDUSTRIES LIMITED - Dealing in securities by directors

Dealing in securities by directors

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 DIRECTORS
Chief executive:                     GR Dunford

Date of transaction:                 27 February 2017

Nature of transaction:               Exercise of 8 666 share
                                     appreciation rights with a strike
                                     price of R81.05 under the Hudaco
                                     Industries Limited Share
                                     Appreciation Plan at a VWAP price
                                     of R137.93 settled by the
                                     delivery of 3 573 shares (on
                                     market).

Exercise price per share:            R139.70

Value of the transaction:            R499 148.10

Nature of interest:                  Direct beneficial

Written clearance obtained:          Yes



Group financial director:            CV Amoils

Date of transactions:                27 February 2017

Nature of transaction no 1:          Exercise of share appreciation
                                     rights under the Hudaco
                                     Industries Limited Share
                                     Appreciation Plan at a VWAP price
                                     of R137.93 as follows:

                                     1. 41 946 share appreciation
                                        rights with a strike price of
                                        R50.50;
                                     2. 10 000 share appreciation
                                        rights with a strike price of
                                        R68.09
                                    Settled by the delivery of 31 651
                                    Hudaco ordinary shares (on
                                    market)

Exercise price per share:           R139.70 cents

Deemed value of transaction 1:      R4 421 644.70

Date of transaction 2:              27 February 2017

Nature of transaction no 2:         Sale of 12 979 ordinary shares at
                                    the current market price of
                                    R139.70 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 813 166.30

Nature of interest:                 Direct beneficial

Written clearance obtained:         Yes



Edenvale
28 February 2017


Nedbank Corporate and Investment Banking
Sponsor

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