Exercise of Long Term Incentive Plan Awards and subsequent sale of Shares by Directors of a Major Subsidiary HULAMIN LIMITED Incorporated in the Republic of South Africa (Registration number 1940/013924/06) ISIN: ZAE000096210 JSE Code: HLM (“Hulamin”) EXERCISE OF LONG TERM INCENTIVE PLAN AWARDS AND SUBSEQUENT SALE OF SHARES BY DIRECTORS OF A MAJOR SUBSIDIARY In compliance with the Listings Requirements of the JSE Limited, the following information is disclosed: Director: F Bradford Company: Hulamin Operations Proprietary Limited Nature of interest: Direct beneficial Clearance to deal obtained: Yes Date of the transactions 24 April 2017 Nature of transaction: Acquisition of ordinary shares in Hulamin through the off-market exercise of Long Term Incentive Plan awards with performance conditions (“LTIP-PC”) and subsequent on- market sale of ordinary shares Class of securities: LTIP-PC in respect of ordinary shares Number of LTIP-PC ordinary shares 59 763 exercised: Exercise price: R6.75 Value of exercise: R403 400.25 Number of ordinary shares sold: 27 789 Selling price: R6.75 Value of sale: R187 575.75 Nature of transaction: Acquisition of ordinary shares in Hulamin through the off-market exercise of Long Term Incentive Plan awards with no performance conditions (“LTIP-NPC”) and subsequent on-market sale of ordinary shares Class of securities: LTIP-NPC in respect of ordinary shares Number of LTIP-NPC ordinary shares 29 218 exercised: Exercise price: R6.75 Value of exercise: R197 221.50 Date of sale: 24 April 2017 Number of ordinary shares sold: 13 586 Selling price: R6.75 Value of sale: R91 705.50 Director: MA Janneker Company: Hulamin Operations Proprietary Limited Nature of interest: Direct beneficial Clearance to deal obtained: Yes Date of the transactions: 24 April 2017 Nature of transaction: Acquisition of ordinary shares in Hulamin through the off-market exercise of Long Term Incentive Plan awards with performance conditions (“LTIP-PC”) and subsequent on- market sale of ordinary shares Class of securities: LTIP-PC in respect of ordinary shares Number of LTIP-PC ordinary shares 36 797 exercised: Exercise price: R6.75 Value of exercise: R248 379.75 Number of ordinary shares sold: 36 797 Selling price: R6.75 Value of sale: R248 379.75 Nature of transaction: Acquisition of ordinary shares in Hulamin through the off-market exercise of Long Term Incentive Plan awards with no performance conditions (“LTIP-NPC”) and subsequent on-market sale of ordinary shares Class of securities: LTIP-NPC in respect of ordinary shares Number of LTIP-PC ordinary shares 17 990 exercised: Exercise price: R6.75 Value of exercise: R121 432.50 Number of ordinary shares sold: 17 990 Selling price: R6.75 Value of sale: R121 432.50 Pietermaritzburg 26 April 2017 Sponsor Questco Corporate Advisory (Proprietary) Limited Date: 26/04/2017 05:29:00 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.