Directors dealing in securities Hudaco Industries Limited (“Hudaco” or “the company”) Incorporated in the Republic of South Africa Registration number: 1985/004617/06 Share code: HDC ISIN code: ZAE000003273 DIRECTORS DEALING IN SECURITIES Name of the company : Hudaco Name of director : GR Dunford Designation : Chief executive Date of transaction : 9 May 2017 Nature of transaction 1 : Acquisition of 4 451 Hudaco ordinary shares at the current market price of R138.00 per share (on market) in terms of the rules of Hudaco’s Share Matching Scheme. The shares are paid for by the company and match 4 451 Hudaco shares purchased by the executive in 2014 and retained to date. Value of transaction : R614 238 Nature of transaction 2 : Sale of 2 010 Hudaco ordinary shares at the current market price of R138.00 per share (on market). These shares were acquired in the share matching transaction referred to above and were sold to fund the tax liability arising thereon. Value of transaction 2 : R277 380 Nature of interest : Direct beneficial. Clearance obtained : Yes Name of the company : Hudaco Name of director : CV Amoils Designation : Group financial director Date of transaction : 9 May 2017 Nature of transaction 1 : Acquisition of 3 717 Hudaco ordinary shares at the current market price of R138.00 per share (on market) in terms of the rules of Hudaco’s Share Matching Scheme. The shares are paid for by the company and match 3 717 Hudaco shares purchased by the executive in 2014 and retained to date. Value of transaction : R512 946 Nature of transaction 2 : Sale of 1 678 Hudaco ordinary shares at the current market price of R138.00 per share (on market). These shares were acquired in the share matching transaction referred to above and were sold to fund the tax liability arising thereon. Value of transaction 2 : R231 564 Nature of interest : Direct beneficial. Clearance obtained : Yes Johannesburg 10 May 2017 Sponsor: Nedbank Corporate and Investment Banking Date: 10/05/2017 10:40:00 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.