HULAMIN LIMITED - Acceptance of rights to participate in share incentive plans

Acceptance of rights to participate in share incentive plans

HULAMIN LIMITED
Incorporated in the Republic of South Africa
(Registration number: 1940/013924/06)
ISIN: ZAE000096210
Share Code: HLM
(“Hulamin”)

ACCEPTANCE OF RIGHTS TO PARTICIPATE IN SHARE INCENTIVE PLANS BY EXECUTIVE DIRECTORS, COMPANY
SECRETARY OF HULAMIN LIMITED AND DIRECTORS OF HULAMIN OPERATIONS PROPRIETARY LIMITED

On 20 May 2016, Executive directors of Hulamin accepted Rights to participate in Hulamin’s
share incentive plans as follows:

Share appreciation rights in respect of ordinary shares, which are off market and which are
subject to performance conditions and vest after three years at a grant price of R6.30.

R G Jacob                  744 440 rights               Direct beneficial
M Z Mkhize                 313 573 rights               Direct beneficial

On 20 May 2016, the Company secretary of Hulamin accepted rights to participate in
Hulamin's share incentive plans as follows:

Share appreciation rights in respect of ordinary shares, which are off market and which are
subject to performance conditions and vest after three years at a grant price of R6.30.

W Fitchat                  133 722 rights               Direct beneficial

On 20 May 2016, the directors of Hulamin Operations (Pty) Limited (a major subsidiary of
Hulamin), accepted Rights to participate in Hulamin’s share incentive plans as follows:

Share appreciation rights in respect of ordinary shares, which are off market and which are
subject to performance conditions and vest after three years at a grant price of R6.30.

F B Bradford               314 961 rights               Direct beneficial
M A Janneker               223 581 rights               Direct beneficial
D R Weisz                  265 944 rights               Direct beneficial


Clearance to accept the allocations was received.


24 May 2016
Pietermaritzburg


Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

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