HUDACO INDUSTRIES LIMITED - Change to The Board of Directors Appointment of Non-Executive Director

Change to The Board of Directors – Appointment of Non-Executive Director

Hudaco Industries Limited
(“Hudaco” or “the company”)
Incorporated in the Republic of South Africa
Registration number: 1985/004617/06
Share code: HDC
ISIN code: ZAE000003273


CHANGE TO THE BOARD OF DIRECTORS – APPOINTMENT OF NON-EXECUTIVE DIRECTOR


The board of Hudaco Industries Limited is pleased to announce the appointment of Paul Cambo Baloyi (57) as independent
non-executive director of Hudaco Industries Limited’s board with immediate effect. This follows a comprehensive
recruitment process.

Paul’s qualifications include an MBA (University of Bangor Manchester) MDP, AMP (INSEAD) and SEP(Havard).

Paul is currently the executive chairman of Talent 10 Holdings Proprietary Limited. From 2002 until 2012, he was chief
executive officer and managing director of the Development Bank of Southern Africa and the DBSA Development Fund.
Prior to this Paul spent 30 years in the financial services sector, with both Standard Bank and the Nedbank group. His last
position at Nedbank was as managing director of Nedbank Africa. He was a council member of the Institute of Bankers and
also served as chairman of Nedmedical Aid.

Paul has been an independent non-executive director on many boards locally and internationally including for African
financial institutions. He is currently a member of the IOD, Chairman of The African Capacity Building Foundation and
serves on the boards of Old Mutual South Africa, Basil Read Holdings Limited, Bidvest Group Limited and Bidvest Bank
Limited.



Edenvale
26 July 2013

Sponsor
Nedbank Capital

Date: 26/07/2013 03:35:00 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.