HULAMIN LIMITED - Dealings in securities by a director of a major subsidiary and by the Hulamin Limited Deferred Bonus Plan 2007

Dealings in securities by a director of a major subsidiary and by the Hulamin Limited Deferred Bonus Plan 2007

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

DEALINGS IN SECURITIES BY A DIRECTOR OF A MAJOR SUBSIDIARY AND BY THE HULAMIN LIMITED
DEFERRED BONUS PLAN 2007

In compliance with the JSE Limited Listings Requirements, shareholders are advised that the Hulamin Limited
Deferred Bonus Plan 2007 ("DBP") has, in accordance with its terms, purchased Hulamin shares in the open
market on behalf of a DBP participant.

FB Bradford, a director of Hulamin Operations Proprietary Limited, has been allotted the right to receive
14 907 matching awards for shares purchased in Hulamin in terms of the Hulamin DBP.

Nature of transaction:                     On market, purchase of shares in order to settle matching DBP
                                           share awards vested and exercised.
Grant date:                                14 March 2014
Date of transaction:                       23 March 2017
Class of securities:                       Ordinary shares
Number of shares purchased:                14 907
Average purchase price:                    R6.3186
Highest Price                              R6.3400
Lowest Price                               R6.3000
Value of transaction:                      R94 192.10
Nature of interest:                        Direct beneficial
Clearance obtained:                        Yes

Director:                                  F B Bradford
Company:                                   Hulamin Operations (Pty) Limited
Nature of transaction:                     On market, sale of shares
Date of transaction:                       23 March 2017
Class of securities:                       Ordinary shares
Number of shares sold:                     6 950
Selling Price:                             R6.3400
Value of transaction:                      R44 063.00
Nature of interest:                        Direct beneficial
Clearance obtained:                        Yes

Summary of trades:

Shares acquired with the settlement
of DBP share scheme awards                 14 907
Shares sold to defray tax liability        6 950
Shares retained                            7 957

Pietermaritzburg
28 March 2017

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

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