HUDACO INDUSTRIES LIMITED - Further announcement regarding the acquisition of the Dunford Group (DG)

Further announcement regarding the acquisition of the Dunford Group (“DG”)

HUDACO INDUSTRIES LIMITED

(Incorporated in the Republic of South Africa)

(Registration number 1985/004617/06)

Share code: HDC & ISIN: ZAE000003273

(“Hudaco” or “the Company”)



FURTHER ANNOUNCEMENT REGARDING THE ACQUISITION OF THE DUNFORD GROUP (“DG”)





Shareholders are referred to the announcement released on SENS on 1 November 2013 (“the terms

announcement”) setting out details of the acquisition by Hudaco of DG (“the transaction”).



The terms announcement disclosed that Hudaco was transacting with a “small related party” as

defined by the JSE Listings Requirements and KPMG had been appointed as the independent expert.



Hudaco is now in a position to confirm that KPMG have reviewed the terms and conditions of the

transaction and are of the opinion that these terms and conditions are fair to Hudaco shareholders.

KPMG has expressed this opinion in writing and such opinion is available for inspection at the

Company’s registered office for a period of 28 days from the date of this announcement.



Johannesburg



22 November 2013







Sponsor



Nedbank Capital




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