Update on broad-based black economic empowerment transaction (“BEE Transaction”) HULAMIN LIMITED (Incorporated in the Republic of South Africa) (Registration number 1940/013924/06) Share Code: HLM ISIN: ZAE000096210 (“Hulamin” or “the Company”) UPDATE ON BROAD-BASED BLACK ECONOMIC EMPOWERMENT TRANSACTION (“BEE TRANSACTION”) Shareholders are referred to the terms announcement released on the Stock Exchange News Service (“SENS”) on 15 December 2014, to the circular issued on 24 March 2015 and to the results of annual general meeting announcement released on SENS on 23 April 2015, regarding the Company’s broad-based BEE Transaction, following the maturing of the 2007 BEE Transaction. It was further reported, in the Hulamin’s interim results announcement released on SENS on 27 July 2015, that implementation of the BEE Transaction remained subject to fulfilment of certain conditions precedent and was expected to be implemented during the third quarter of 2015. Shareholders are advised that the confirmation of the requisite BEE credentials of the BEE SPV, whilst in progress, is not yet complete. Hulamin is engaging with the relevant parties to achieve fulfilment of this condition precedent as soon as possible. Pietermaritzburg 30 September 2015 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 30/09/2015 12:33:00 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.