HULAMIN LIMITED - Acceptance of rights to participate in share incentive plans by directors and company secretary update

Acceptance of rights to participate in share incentive plans by directors and company secretary – update

HULAMIN LIMITED
Incorporated in the Republic of South Africa
(Registration number: 1940/013924/06)
ISIN: ZAE000096210
Share Code: HLM
(“Hulamin” or “the Company”)

ACCEPTANCE OF RIGHTS TO PARTICIPATE IN SHARE INCENTIVE PLANS BY DIRECTORS AND COMPANY
SECRETARY – UPDATE

Shareholders are referred to the Company’s announcement released on SENS earlier today, and
are advised that this updated announcement replaces the one released earlier.

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 no
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 performance
conditions and vest after three years.

W Fitchat                       23 167 conditional awards               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                        7 722 conditional awards               Direct Beneficial


The allocations and their acceptance have been approved by the Board.


12 March 2013
Pietermaritzburg



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

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