HULAMIN LIMITED - Acceptance of share incentive plan awards by Chief Financial Officer

Acceptance of share incentive plan awards by Chief Financial Officer

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

ACCEPTANCE OF SHARE INCENTIVE PLAN AWARDS BY CHIEF FINANCIAL
OFFICER

On 14 December 2016, the Chief Financial Officer, Mr A P Krull
accepted 145 370 conditional long-term incentive plan
(LTIP - NPC) awards with a deemed value of R729,757.40, based on
the closing price of R5.02 per share on 14 December 2016.

These awards are off market, held as a direct beneficial interest,
subject to no performance conditions, and vest after three years.

The allocation has been approved by the Board.

Pietermaritzburg
15 December 2016

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

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