Dealing in securities by a 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 DEALING IN SECURITIES BY A DIRECTOR In terms of paragraph 3.63 - 3.65 of the JSE Limited Listings Requirements, the following information, relating to the dealing in securities by a director is disclosed: Chief executive officer: GR Dunford Date of transaction no 1: 10 July 2015 Nature of transaction no 1: Automatic exercise on the expiry of share appreciation rights under the Hudaco Industries Limited Share Appreciation Plan at a VWAP price of R125.24 as follows: 21 666 share appreciation rights with a strike price of R39.75, settled by the delivery of 14 789 Hudaco ordinary shares (off market). Exercise price per share: R125.24 Deemed value of transaction no 1: R1 852 226.34 Nature of transaction no 2: Sale of 5 949 Hudaco ordinary shares (on market) at the current market price of R129.96. These shares were acquired by exercising the share appreciation rights referred to above and were sold to fund the tax liability arising from the exercise of those rights. Sale price per share: R129.96 Value of transaction no 2: R773 132.04 Nature of interest: Direct beneficial Written clearance obtained: Yes Johannesburg 13 July 2015 Sponsor Nedbank Date: 13/07/2015 11:33:00 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.