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 14 907 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: 14 March 2014 Date of transaction: 23 March 2017 Class of securities: Ordinary shares Number of shares purchased: 14 907 Average purchase price: R6.3186 Highest Price R6.3400 Lowest Price R6.3000 Value of transaction: R94 192.10 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: 23 March 2017 Class of securities: Ordinary shares Number of shares sold: 6 950 Selling Price: R6.3400 Value of transaction: R44 063.00 Nature of interest: Direct beneficial Clearance obtained: Yes Summary of trades: Shares acquired with the settlement of DBP share scheme awards 14 907 Shares sold to defray tax liability 6 950 Shares retained 7 957 Pietermaritzburg 28 March 2017 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 28/03/2017 08:55:00 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.