HLM - Hulamin Limited - Exercise of options and subsequent sale of shares by

HLM - Hulamin Limited - Exercise of options and subsequent sale of shares by    
director                                                                        
HULAMIN LIMITED                                                                 
(Incorporated in the Republic of South Africa)                                  
(Registration number: 1940/013924/06)                                           
ISIN: ZAE000096210                                                              
Share Code: HLM                                                                 
("Hulamin")                                                                     
EXERCISE OF OPTIONS AND SUBSEQUENT SALE OF SHARES BY DIRECTOR                   
In compliance with the JSE Limited Listings Requirements, the following         
information is disclosed:                                                       
Director:                            M Z Mkhize                                 
Company:                             Hulamin Limited                            
Nature of transaction:               Off market, exercise of share              
                                    appreciation rights ("SAR")                 
Date of exercise:                    03 November 2011                           
Class of securities:                 SARS in respect of ordinary                
                                    shares                                      
Tongaat Hulett SAR strike price:     R43.98                                     
Strike date:                         10 May 2005                                
Number of SARS exercised:            4 927 Tongaat Hulett Limited               
                                    SARS settled by the purchase of             
                                    33 220 Hulamin ordinary shares              
which were subsequently sold.               

Number of shares sold on market:     33 220                                     
Selling price:                       R6.96                                      
Value of sale:                       R231 211.20                                
Date of sale:                        03 November 2011                           
Nature of interest:                  Direct beneficial                          
Clearance obtained:                  Yes                                        
                                                                                


                                                                                
                                                                                
                                                                                
Pietermaritzburg                                                                
04 November 2011                                                                
Sponsor                                                                         
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
Date: 04/11/2011 14:04:01 Supplied by www.sharenet.co.za                     
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