Trading statement Hulamin Limited (Incorporated in the Republic of South Africa) (Registration number 1940/013924/06) Share code: HLM ISIN: ZAE000096210 ("Hulamin" or “the Company”) TRADING STATEMENT In terms of the Listings Requirements of the JSE Limited, companies are obliged to provide guidance to the market when they are satisfied that a reasonable degree of certainty exists that the financial results for the forthcoming reporting period will differ by at least 20% from the results of the previous corresponding reporting period. In July this year Hulamin reported earnings per share (EPS) of 24 cents and headline earning per share (HEPS) of 25 cents for the six month period ended 30 June 2015, a decrease of 41% over the corresponding period in 2014. Shareholders were advised at that time that it was very unlikely that the shortfall in volume and profits that took place in the first six months could be made good in the second half of the year and this has proved to be the case. Consequently, EPS and HEPS for the full year ending 31 December 2015 are expected to be more than 20%, or 24 cents per share, lower than those reported for the corresponding reporting period. However, at this point in time Hulamin cannot forecast its 2015 full year earnings with the certainty necessary to provide specific guidance but a further trading statement will be issued once such certainty is achieved. Hulamin's audited results for the year ending 31 December 2015 are expected to be released on SENS on or about 22 February 2016. The forecast financial information on which this trading statement is based has not been reviewed and reported on by the Company’s external auditors. Pietermaritzburg 14 December 2015 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 14/12/2015 09:13:00 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.