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 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: M A Janneker 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: 1 June 2016 Class of securities: LTIP-PC in respect of ordinary shares Number of LTIP-PC exercised: 31 980 Exercise price: R5.95 Value of exercise: R190 281.00 Date of sale: 1 June 2016 Number of shares sold: 31 980 Selling price: R5.95 Value of sale: R190 281.00 Nature of interest: Direct beneficial Clearance obtained: Yes Director: M A Janneker 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: 1 June 2016 Class of securities: LTIP-NPC in respect of ordinary shares Number of LTIP-NPC exercised: 21 320 Exercise price: R5.95 Value of exercise: R126 854.00 Date of sale: 1 June 2016 Number of shares sold: 21 320 Selling price: R5.95 Value of sale: R126 854.00 Nature of interest: Direct beneficial Clearance obtained: Yes Pietermaritzburg 06 June 2016 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 06/06/2016 04:19:00 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.