Results of annual general meeting Adjournment of annual general meeting Comments by the CEO on first quarter trading HUDACO INDUSTRIES LIMITED (Incorporated in the Republic of South Africa) Registration Number 1985/004617/06 Share Code: HDC ISIN: ZAE000003273 ("Hudaco" or "the company") Results of annual general meeting Adjournment of annual general meeting Comments by the CEO on first quarter trading Results of annual general meeting Shareholders are advised that, at the annual general meeting of Hudaco held at the corporate office of the company today, the following resolutions were passed by the requisite majority of shareholders present or represented by proxy: 1. Ordinary resolution numbers 1.1 to 1.3 : re-election of directors retiring by rotation; 2. Ordinary resolution numbers 2.1 to 2.3 : appointment of the members of the audit and risk management committee; 3. Ordinary resolution number 3 : reappointment of external auditors; 4. Ordinary resolution number 4 : ratification of appointment of social and ethics committee; 5. Special resolution number 1 : approval of non-executive directors’ remuneration; 6. Non-binding resolution number 1 : endorsement of Hudaco’s remuneration policy; and 7. Ordinary resolution number 5 : signature of documents. The following resolutions were withdrawn prior to the commencement of the annual general meeting: 1. Special resolution number 2 : provision of financial assistance in terms of sections 44 and 45 of the Companies Act; and 2. Special resolution number 3 : general authority to repurchase shares. Adjournment of annual general meeting The annual general meeting was adjourned prior to the commencement of voting for Special resolution number 4 relating to the adoption of a new memorandum of incorporation to allow the company to amend the memorandum of incorporation to include its executive directors in the directors’ rotation. Shareholders are advised that the annual general meeting has been adjourned to 11:00 on Friday, 19 April 2013 at Hudaco’s corporate offices situated at Building 9, Greenstone Hill Office Park, Emerald Boulevard, Greenstone Hill, Edenvale. Comments by the CEO on 2013 first quarter trading During the course of the meeting the CEO, Stephen Connelly commented on Hudaco’s 2013 first quarter trading as follows: The group has posted satisfactory first quarter results. In our 2012 results presentation we indicated that we expected trading (and hence earnings) to remain muted in 2013. Businesses serving the platinum mines have not yet seen activity return to normal and our diesel engine business which supplies into underground mining applications is the worst affected. Activity in open cast mining is nearly back to normal levels, however, and good performances from other businesses have more than offset weak sales into the platinum mining market. We are corresponding with SARS on the revised assessments, including on arrangements for deferral of payment until the matter is resolved, but there are no significant further developments to report. Johannesburg 28 March 2013 Sponsor Nedbank Capital Date: 28/03/2013 02:17:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.