HULAMIN LIMITED - Acceptance Of Rights To Participate In Share Incentive Plans By Directors And Company Secretary

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 11 March 2013, 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 R4.56.

R G Jacob                        530 732 rights             Direct Beneficial
C D Hughes (Note 1)              243 345 rights             Direct Beneficial
M Z Mkhize                       241 172 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                 198 772 conditional awards              Direct Beneficial
C D Hughes (Note 1)       106 329 conditional awards              Direct Beneficial
M Z Mkhize                105 379 conditional awards              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                  66 257 conditional awards              Direct Beneficial
C D Hughes (Note 1)        35 443 conditional awards              Direct Beneficial
M Z Mkhize                 35 126 conditional awards              Direct Beneficial

Note 1: Former Chief Financial Officer who retired as a board member on 28 February 2013, and
which was announced on SENS on 22 February 2013.

On 11 March 2013, 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 R4.56.

W Fitchat                        139 178 rights                   Direct Beneficial

Long term incentive plan awards, which are off market and which are subject to no
performance conditions and vest after three years.

W Fitchat                         23 167 rights                   Direct Beneficial

W Fitchat                          7 722 rights                   Direct Beneficial


The allocations have been approved by the Board.


12 March 2013
Pietermaritzburg


Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

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