Dealings in securities by directors and company secretary HULAMIN LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1940/013924/06) ISIN: ZAE000096210 Share Code: HLM ("Hulamin") EXERCISE OF SHARE APPRECIATOIN RIGHTS AND LONG TERM INCENTIVE PLAN AWARDS AND SUBSEQUENT SALE OF SHARES BY DIRECTORS AND COMPANY SECRETARY OF HULAMIN LIMITED AND DIRECTORS OF HULAMIN OPERATIONS PROPRITETARY LIMITED In compliance with the JSE Limited Listings Requirements, the following information is disclosed: Director: M Z Mkhize Company: Hulamin Limited Nature of transaction: Off market exercise of long term incentive plan awards with performance conditions ("LTIP-PC") and subsequent on market sale of shares Date of exercise: 23 October 2015 Class of securities: LTIP-PC in respect of ordinary shares Grant date: 25 February 2013 Number of LTIP-PC exercised: 105 379 Hulamin LTIP-PC settled by the purchase of 51 515 Hulamin ordinary shares of which 51 515 were subsequently sold on market Date of sale: 23 October 2015 Selling Price: R7.17 Value of sale: R369 362.55 Nature of interest: Direct beneficial Clearance obtained: Yes Director: M Z Mkhize Company: Hulamin Limited Nature of transaction: Off market exercise of long term incentive plan awards with no performance conditions ("LTIP-NPC") and subsequent on market sale of shares Date of exercise: 23 October 2015 Class of securities: LTIP-NPC in respect of ordinary shares Grant date: 25 February 2013 Number of LTIP-NPC exercised: 35 126 Hulamin LTIP-NPC settled by the purchase of 35 126 Hulamin ordinary shares of which 35 126 were subsequently sold on market Date of sale: 23 October 2015 Selling Price: R7.16 Value of sale: R251 502.16 Nature of interest: Direct beneficial Clearance obtained: Yes Company Secretary: W Fitchat Company: Hulamin Limited Nature of transaction: Off market exercise of long term incentive plan awards with performance conditions ("LTIP-PC") and subsequent on market sale of shares Date of exercise: 22 October 2015 Class of securities: LTIP-PC in respect of ordinary shares Grant date: 25 February 2013 Number of LTIP-PC exercised: 23 167 Hulamin LTIP-PC settled by the purchase of 11 326 Hulamin ordinary shares of which 4 813 were subsequently sold on market Date of sale: 22 October 2015 Selling Price: R7.05 Value of sale: R33 931.65 Nature of interest: Direct beneficial Clearance obtained: Yes Company Secretary: W Fitchat Company: Hulamin Limited Nature of transaction: Off market exercise of long term incentive plan awards with no performance conditions ("LTIP-NPC") and subsequent on market sale of shares Date of exercise: 22 October 2015 Class of securities: LTIP-NPC in respect of ordinary shares Grant date: 25 February 2013 Number of LTIP-NPC exercised: 7 722 Hulamin LTIP-NPC settled by the purchase of 7 722 Hulamin ordinary shares of which 3 281 were subsequently sold on market Date of sale: 22 October 2015 Selling Price: R7.05 Value of sale: R23 131.05 Nature of interest: Direct beneficial Clearance obtained: Yes Director: F B Bradford Company: Hulamin Operations Proprietary Limited Nature of transaction: Off market exercise of share appreciation rights ("SARS") and subsequent on market sale of shares Date of exercise: 23 October 2015 Class of securities: SARS in respect of ordinary shares Hulamin SAR strike price: R4.56 Strike date: 25 February 2013 Number of SARS exercised: 239 655 Hulamin SARS settled by the purchase of 86 812 Hulamin ordinary shares of which 35 874 were subsequently sold on market Date of sale: 23 October 2015 Selling Price: R7.12 Value of sale: R255 422.88 Nature of interest: Direct beneficial Clearance obtained: Yes Director: F B Bradford Company: Hulamin Operations Proprietary Limited Nature of transaction: Off market exercise of long term incentive plan awards with performance conditions ("LTIP-PC") and subsequent on market sale of shares Date of exercise: 22 October 2015 Class of securities: LTIP-PC in respect of ordinary shares Grant date: 25 February 2013 Number of LTIP-PC exercised: 104 716 Hulamin LTIP-PC settled by the purchase of 51 191 Hulamin ordinary shares of which 51 191 were subsequently sold on market Date of sale: 22 October 2015 Selling Price: R7.05 Value of sale: R360 896.55 Nature of interest: Direct beneficial Clearance obtained: Yes Director: F B Bradford Company: Hulamin Operations Proprietary Limited Nature of transaction: Off market exercise of long term incentive plan awards with no performance conditions (“LTIP-NPC”) and subsequent on market sale of shares Date of exercise: 22 October 2015 Class of securities: LTIP-NPC in respect of ordinary shares Grant date: 25 February 2013 Number of LTIP-NPC exercised: 34 905 Hulamin LTIP-NPC settled by the purchase of 34 905 Hulamin ordinary shares of which 34 905 were subsequently sold on market Date of sale: 22 October 2015 Selling Price: R7.05 Value of sale: R246 080.25 Nature of interest: Direct beneficial Clearance obtained: Yes Director: M A Janneker Company: Hulamin Operations Proprietary Limited Nature of transaction: Off market exercise of long term incentive plan awards with performance conditions ("LTIP-PC") and subsequent on market sale of shares Date of exercise: 22 October 2015 Class of securities: LTIP-PC in respect of ordinary shares Grant date: 25 February 2013 Number of LTIP-PC exercised: 31 533 Hulamin LTIP-PC settled by the purchase of 15 415 Hulamin ordinary shares of which 15 415 were subsequently sold on market Date of sale: 22 October 2015 Selling Price: R7.05 Value of sale: R108 675.75 Nature of interest: Direct beneficial Clearance obtained: Yes Director: M A Janneker Company: Hulamin Operations Proprietary Limited Nature of transaction: Off market exercise of long term incentive plan awards with no performance conditions ("LTIP-NPC") and subsequent on market sale of shares Date of exercise: 22 October 2015 Class of securities: LTIP-NPC in respect of ordinary shares Grant date: 25 February 2013 Number of LTIP-NPC exercised: 10 511 Hulamin LTIP-NPC settled by the purchase of 10 511 Hulamin ordinary shares of which 10 511 were subsequently sold on market Date of sale: 22 October 2015 Selling Price: R7.05 Value of sale: R74 102.55 Nature of interest: Direct beneficial Clearance obtained: Yes Pietermaritzburg 27 October 2015 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 27/10/2015 05:37:00 Produced by the JSE SENS Department. 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