Director's dealing in securities 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 DIRECTOR’S DEALING IN SECURITIES Name of the : Hudaco company Name of director : GR Dunford Designation : Chief executive Date of : 18 November 2015 transactions 1 and 2 Nature of : Dunford Holdings Proprietary Limited (60% transaction 1 owned by GR Dunford) purchased 5 000 Hudaco ordinary shares at the current market price of 9997.32 cents per share (on market). Value of : R499 866.00 transaction 1 Nature of : Indirect beneficial interest Nature of : GR Dunford purchased 5 000 Hudaco ordinary transaction 2 shares at the current market price of 9997.32 cents per share (on market). Value of transaction 2 : R499 866.00 Nature of : Direct beneficial interest Date of : 19 November 2015 transactions 3 and 4 Nature of : Dunford Holdings Proprietary Limited (60% transaction 3 owned by GR Dunford) purchased 5 000 Hudaco ordinary shares at the current market price of 9993.03 cents per share (on market). Value of : R499 651.50 transaction 3 Nature of : Indirect beneficial interest Nature of : GR Dunford purchased 5 000 Hudaco ordinary transaction 4 shares at the current market price of 9993.03 cents per share (on market). Value of : R499 651.50 transaction 4 Nature of : Direct beneficial interest Clearance : Yes obtained Johannesburg 20 November 2015 Sponsor Nedbank Corporate and Investment Banking Date: 20/11/2015 09:45:00 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.