Exercise of Long Term Incentive Plan Awards and Subsequent Sale of Shares by a Director and Directors of a Major Sub HULAMIN LIMITED Incorporated in the Republic of South Africa (Registration number 1940/013924/06) ISIN: ZAE000096210 JSE Code: HLM (“Hulamin” or “the Company”) EXERCISE OF LONG TERM INCENTIVE PLAN AWARDS AND SUBSEQUENT SALE OF SHARES BY A DIRECTOR AND DIRECTORS OF A MAJOR SUBSIDIARY In compliance with paragraphs 3.63 and 3.92 of the Listings Requirements of the JSE Limited, shareholders are notified of the delivery of shares in the Company to directors of the Company and of its subsidiary, Hulamin Operations Proprietary Limited, in terms of the Long-Term Incentive Plan Scheme with Performance Conditions and the Long-Term Incentive Plan without Performance Conditions (collectively referred to as the “LTIP Scheme”), and the subsequent disposal of a portion of those shares by certain of the directors. Details of the directors’ dealings are set out below. Name of director: RG Jacob Company: Hulamin Limited Nature of the transaction: Off-market delivery of shares in Hulamin to the director in terms of the LTIP Scheme Number of shares acquired: 123 595 Class of securities: Ordinary shares Date of transaction: 23 April 2018 Price of securities on the day immediately R5.20 per share preceding this transaction: Total value of shares acquired: R642 694.00 Nature of interest: Direct beneficial Clearance to deal obtained: Yes Director: MA Janneker Company: Hulamin Operations Proprietary Limited Nature of transaction: Off-market delivery of shares in Hulamin to the director in terms of the LTIP Scheme and the subsequent on-market disposal of those shares Class of securities: Ordinary shares Date of transaction: 23 April 2018 Number of shares acquired and subsequently 36 680 disposed of: Price of securities on the day immediately R5.20 per share preceding this transaction and sale price: Total value of shares acquired and disposed R190 736.00 of: Nature of interest: Direct beneficial Clearance to deal obtained: Yes Director: F Bradford Company: Hulamin Operations Proprietary Limited Nature of transaction: Off-market delivery of shares in Hulamin to the director in terms of the LTIP Scheme and the subsequent on-market disposal of a portion of those shares Class of securities: Ordinary shares Date of transaction: 23 April 2018 Number of shares acquired: 51 431 Number of shares disposed of 23 700 Price of securities on the day immediately R5.20 per share preceding this transaction and sale price: Total value of shares acquired: R267 441.20 Total value of shares disposed of: R123 240.00 Nature of interest: Direct beneficial Clearance to deal obtained: Yes Pietermaritzburg 24 April 2018 Sponsor Questco Corporate Advisory Proprietary Limited Date: 24/04/2018 05:20:00 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.