HDC - Hudaco Industries Limited - Director`s dealing in securities

HDC - Hudaco Industries Limited - Director`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                                                         
DIRECTOR`S DEALING IN SECURITIES                                                
Name of the        : Hudaco                                                     
company                                                                         
                                                                                
Name of director   : GE Gardiner                                                
                                                                                
Designation        : Executive director: Acquisitions                           
                                                                                
Date of            : 1 February 2011                                            
transaction                                                                     
                                                                                
Nature of          : 1                                                          
transactions         Exercise of 20 000 share appreciation                      
                    rights with a strike price of R39.75 at                     
                    a VWAP price of R84.45 and settled by                       
                    the delivery of 10 586 Hudaco ordinary                      
shares (off market).                                        

                                                                                
                                                                                
                                                                                


                    2                                                           
                    Exercise of 20 000 share appreciation                       
                    rights with a strike price of R55.50 at                     
a WVAP price of R84.45 and settled by                       

                    the delivery of 6 856 Hudaco ordinary                       
                    shares(off market).                                         
                                                                                


                                                                                
                                                                                
                    3                                                           
Sale of 17 442 Hudaco ordinary shares at                    

                    the current market price of the R84.60                      
                    per share (on market).                                      
                    These shares were acquired by exercising                    
the share appreciation rights mentioned                     

                    in 1 and 2 above.                                           
                                                                                
                                                                                


Value of           : R1 475 593.20                                              
transactions                                                                    
                                                                                
Nature of          : Direct beneficial                                          
interest                                                                        
                                                                                
Clearance          : Yes                                                        
obtained                                                                        
Johannesburg                                                                    
2 February 2011                                                                 
Sponsor                                                                         
Nedbank Capital                                                                 
Date: 02/02/2011 15:37:01 Supplied by www.sharenet.co.za                     
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