HUDACO INDUSTRIES LIMITED - Dealings in securities by a Director

Dealings in securities by a Director

HUDACO INDUSTRIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1985/004617/06)
Share code: HDC & ISIN: ZAE000003273
(“Hudaco”)


Dealings in securities by a director


Shareholders are referred to the announcement released on SENS on 1 November 2013 setting out
details of the acquisition by Hudaco of the Dunford Group. In terms of the agreement, the seller,
being Dunford Holdings Proprietary Limited (“Dunford Holdings”), a company in which Graham
Dunford, an executive director and the CEO designate of Hudaco, owns 60% of the share capital, was
required to purchase a maximum of 927 000 Hudaco shares on the open market. Furthermore, the
shares acquired must be retained for a minimum period as follows: a maximum of one-third may be
sold after one year, a further one-third after two years and the balance after three years.

Dunford Holdings has discharged its obligation to acquire 927 000 Hudaco shares and the
appropriate director’s dealing disclosure (to the extent not reported previously) is set out below:

Name of Director:                        GR Dunford
Designation:                             Executive director and CEO Designate
Date of transactions:                    11 April 2014

Nature of transaction:                   Acquisition of zero strike price call options off the market
Number of call options:                  832 904
Price per call option:                   R106.2392
Value of call options:                   R88 487 030.68


Nature of transaction:                   Exercise of zero strike price call options and subsequent
                                         share settlement to Dunford Holdings on the open market
Number of shares:                        832 904
Price per share:                         nil
Value of shares:                         R88 487 030.68

Nature of interest:                      Indirect beneficial
Written clearance to deal:               Yes

Johannesburg
14 April 2014
Sponsor
Nedbank Capital

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