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. Shareholders are referred to the trading statement released on the Stock Exchange News Service (“SENS”)on 14 December 2015 in which Hulamin advised that its earnings per share (“EPS”) and headline earnings per share (“HEPS”) for the full year ended 31 December 2015 were expected to be more than 20%, or 24 cents per share, lower than EPS and HEPS reported for the previous corresponding reporting period. Shareholders are now advised that Hulamin expects EPS, HEPS and normalised EPS for the year ended 31 December 2015 to be within the ranges shown below: 31 December 2015 31 December 2014 Expectation (cents) and Reported (cents) percentage decrease EPS 50(56%) - 53(58%) 120 HEPS 36(66%) - 38(68%) 112 Normalised EPS 50(52%) - 53(55%) 111 Manufacturing performance improved significantly in the second half of the year, notwithstanding further interruptions in the supply of LPG gas. However, the price of aluminium, as quoted on the London Metal Exchange, declined further in line with the global fall in commodity prices and the metal price lag loss rose from R53 million at June 2015 to R161 million for the full year. Hulamin’s financial results for the year ended 31 December 2015 are expected to be released on SENS on or about 22 February 2016. The financial information on which this trading statement is based has not been reviewed or reported on by the Company's external auditors. Pietermaritzburg 18 February 2016 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 18/02/2016 08:10:00 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.