HDC - Hudaco Industries Limited - Fulfilment of conditions precedent

HDC - Hudaco Industries Limited - Fulfilment of conditions precedent            
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                                                         
FULFILMENT OF CONDITIONS PRECEDENT RE THE ACQUISITION OF THE TRADING ASSETS     
AND LIABILITIES OF PENTAGON DISTRIBUTIONS(PTY)LIMITED AND PENTAGON DIGITAL      
SURVEILANCE EQUIPMENT CC (COLLECTIVELY "PENTAGON")                              
Shareholders are referred to the voluntary terms announcement released on SENS  
and published in the Business Day on 7 February 2011 wherein Hudaco announced   
the acquisition of the trading assets and liabilities of Pentagon subject to    
certain suspensive conditions.                                                  
Shareholders are advised that all of the suspensive conditions have been met.   
R Wolmarans                                                                     
GROUP SECRETARY                                                                 
25 March 2011                                                                   
Sponsor                                                                         
Nedbank Capital                                                                 
Date: 25/03/2011 11:59:01 Supplied by www.sharenet.co.za                     
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