Directors and officer 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 AND OFFICER DEALING IN SECURITIES Name of the company : Hudaco Name of director : GR Dunford Designation : Chief executive Date of transaction : 21 February 2018 Nature of transaction 1 : Acquisition of 7 365 Hudaco ordinary shares at the current market price of R164.00 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 7 365 Hudaco shares purchased by the executive in 2015 and retained to date. Value of transaction : R1 207 860 Nature of transaction 2 : Sale of 3 325 Hudaco ordinary shares at the current market price of R164.00 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 : R545 300 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 : 21 February 2018 Nature of transaction 1 : Acquisition of 7 806 Hudaco ordinary shares at the current market price of R164.00 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 7 806 Hudaco shares purchased by the executive in 2015 and retained to date. Value of transaction : R1 280 184 Nature of transaction 2 : Sale of 3 521 Hudaco ordinary shares at the current market price of R164.00 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 : R577 444 Nature of interest : Direct beneficial. Clearance obtained : Yes Name of the company : Hudaco Name of officer : R van Zyl Designation : Group secretary Date of transaction : 21 February 2018 Nature of transaction 1 : Acquisition of 281 Hudaco ordinary shares at the current market price of R164.00 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 281 Hudaco shares purchased by the officer in 2015 and retained to date. Value of transaction : R46 084 Nature of transaction 2 : Sale of 121 Hudaco ordinary shares at the current market price of R164.00 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 : R19 844 Nature of interest : Direct beneficial. Clearance obtained : Yes Johannesburg 21 February 2018 Sponsor: Nedbank Corporate and Investment Banking Date: 21/02/2018 04:58:00 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.