Dealings in securities by a director of a major subsidiary and by the Hulamin Limited Deferred Bonus Plan 2007 HULAMIN LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1940/013924/06) ISIN: ZAE000096210 Share Code: HLM (“Hulamin”) DEALINGS IN SECURITIES BY A DIRECTOR OF A MAJOR SUBSIDIARY AND BY THE HULAMIN LIMITED DEFERRED BONUS PLAN 2007 In compliance with the JSE Limited Listings Requirements, shareholders are advised that the Hulamin Limited Deferred Bonus Plan 2007 ("DBP") has, in accordance with its terms, purchased Hulamin shares in the open market on behalf of a DBP participant. FB Bradford, a director of Hulamin Operations Proprietary Limited has been allotted the right to receive 21 686 matching awards for shares purchased in Hulamin in terms of the Hulamin DBP. Nature of transaction: On market, purchase of shares in order to settle matching DBP share awards vested and exercised. Grant date: 4 March 2013 Date of transaction: 7 March 2016 Class of securities: Ordinary shares Number of shares purchased: 21 686 Average purchase price: R6.47 Highest Price R6.55 Lowest Price R6.19 Value of transaction: R140 282.20 Nature of interest: Direct beneficial Clearance obtained: Yes Director: F B Bradford Company: Hulamin Operations (Pty) Limited Nature of transaction: On market, sale of shares Date of transaction: 7 March 2016 Class of securities: Ordinary shares Number of shares sold: 9 325 Average Selling Price: R6.54 Highest Price: R6.55 Lowest Price: R6.52 Value of transaction: R60 988.75 Nature of interest: Direct beneficial Clearance obtained: Yes Summary of trades: Shares acquired with the settlement of DBP share scheme awards 21 686 Shares sold to defray tax liability 9 325 Shares retained 12 361 Pietermaritzburg 08 March 2016 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 08/03/2016 04:55:00 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.