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 : 10 April 2018 Nature of transaction : In terms of the Hudaco share matching scheme, based on his short-term bonus for the year ended 30 November 2017, Graham Dunford was required to commit to the scheme by 10 April 2018 shares to the value of between R625 000 and R2 500 000. On 10 April 2018, based on the daily VWAP price of R166,07 per share, he committed (off market) 15 054 Hudaco shares to the scheme. These shares will be held in his share matching scheme account for a period of three years to 10 April 2021, at which date he will have the right to require the company to purchase 15 054 Hudaco shares for his benefit, on condition that he is still in the company’s employ at that date. Value of transaction : R2 500 000 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 : 10 April 2018 Nature of transaction 1 : In terms of the Hudaco share matching scheme, based on his short-term bonus for the year ended 30 November 2017, Clifford Amoils was required to commit to the scheme by 10 April 2018 shares to the value of between R343 750 and R1 375 000. On 10 April 2018, based on the daily VWAP price of R166,07 per share, he committed (off market) 8 280 Hudaco shares to the scheme. These shares will be held in his share matching scheme account for a period of three years to 10 April 2021, at which date he will have the right to require the company to purchase 8 280 Hudaco shares for his benefit, on condition that he is still in the company’s employ at that date. Value of transaction : R1 375 000 Nature of interest : Direct beneficial. Clearance obtained : Yes Johannesburg 11 April 2018 Sponsor: Nedbank Corporate and Investment Banking Date: 11/04/2018 02:35:00 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.