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 company         : Hudaco                                            
                                                                                
Name of director            : GE Gardiner                                       


Designation                 : Executive director: Acquisitions                  
                                                                                
Date of transaction         : 16 February 2011                                  


Nature of transactions      : 1                                                 
                             Exercise of 11 333 share appreciation              
                             rights with a strike price of R71.45 at a          
VWAP price of R84.67 and settled by the            

                             delivery of 1 769 Hudaco ordinary shares           
                             (off market).                                      
                                                                                
2                                                  

                             Sale of 1 769 Hudaco ordinary shares at the        
                             current market price of the R87.00 per             
                             share (on market).                                 
These shares were acquired by exercising           

                             the share appreciation rights mentioned in         
                             1 above.                                           
                                                                                


                                                                                
Value of transactions       : R153 903.00                                       
                                                                                
Nature of interest          : Direct beneficial                                 
                                                                                
Clearance obtained          : Yes                                               
Johannesburg                                                                    
18 February 2011                                                                
Sponsor                                                                         
Nedbank Capital                                                                 
Date: 18/02/2011 09:00:19 Supplied by www.sharenet.co.za                     
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