Exercise of long term incentive plan awards and subsequent sale of shares by director of a major subsidiary HULAMIN LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1940/013924/06) ISIN: ZAE000096210 Share Code: HLM (“Hulamin”) EXERCISE OF LONG TERM INCENTIVE PLAN AWARDS AND SUBSEQUENT SALE OF SHARES BY DIRECTOR OF A MAJOR SUBSIDIARY In compliance with the JSE Limited Listings Requirements, the following information is disclosed: Director: F B Bradford Company: Hulamin Operations Proprietary Limited Nature of transaction: Off market exercise of long term incentive plan awards with performance conditions (“LTIP-PC”) and subsequent on market sale of shares Date of exercise: 27 May 2016 Class of securities: LTIP-PC in respect of ordinary shares Number of LTIP-PC exercised: 49 711 Exercise price: R5.35 Value of exercise: R265 953.85 Date of sale: 27 May 2016 Number of shares sold: 21 127 Selling Price: R5.35 Value of sale: R113 029.45 Nature of interest: Direct beneficial Clearance obtained: Yes Director: F B Bradford Company: Hulamin Operations Proprietary Limited Nature of transaction: Off market exercise of long term incentive plan awards with no performance conditions (“LTIP-NPC”) and subsequent on market sale of shares Date of exercise: 27 May 2016 Class of securities: LTIP-NPC in respect of ordinary shares Number of LTIP-NPC exercised: 33 141 Exercise price: R5.35 Value of exercise: R177 304.35 Date of sale: 27 May 2016 Number of shares sold: 14 084 Selling Price: R5.35 Value of sale: R75 349.40 Nature of interest: Direct beneficial Clearance obtained: Yes Pietermaritzburg 01 June 2016 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 01/06/2016 05:12:00 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.