HLM - Hulamin Limited - Acceptance of rights to participate in share incentive

HLM - Hulamin Limited - Acceptance of rights to participate in share incentive  
plans by directors and company secretary                                        
HULAMIN LIMITED                                                                 
Incorporated in the Republic of South Africa                                    
(Registration number: 1940/013924/06)                                           
ISIN: ZAE000096210                                                              
Share Code: HLM                                                                 
("Hulamin")                                                                     
ACCEPTANCE OF RIGHTS TO PARTICIPATE IN SHARE INCENTIVE PLANS BY DIRECTORS AND   
COMPANY SECRETARY                                                               
On 27 May 2011, Executive directors accepted rights to participate in Hulamin`s 
share incentive plans as follows:                                               
Share appreciation rights in respect of ordinary shares, which are off market   
and which are subject to performance conditions and vest after three years at a 
grant price of R6.91                                                            
R G Jacob                509 138 rights      Direct Beneficial                  
C D Hughes               263 745 rights      Direct Beneficial                  
M Z Mkhize               261 503 rights      Direct Beneficial                  
Long term incentive plan awards, which are off market and which are subject to  
performance conditions and vest after three years.                              
R G Jacob      262 006 conditional awards         Direct Beneficial             
C D Hughes     135 731 conditional awards         Direct Beneficial             
M Z Mkhize     134 578 conditional awards         Direct Beneficial             
On 27 May 2011 the Company Secretary accepted rights to participate in Hulamin`s
share incentive plans as follows:                                               
Share appreciation rights in respect of ordinary shares, which are off market   
and which are subject to performance conditions and vest after three years at a 
grant price of R6.91                                                            
W Fitchat                116 877 rights           Direct Beneficial             
Long term incentive plan awards, which are off market and which are subject to  
performance conditions and vest after three years.                              
W Fitchat                 27 946 rights           Direct Beneficial             
The allocations have been approved by the Board.                                
27 May 2011                                                                     
Pietermaritzburg                                                                
Sponsor                                                                         
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
Date: 27/05/2011 16:06:01 Supplied by www.sharenet.co.za                     
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