Exercise of Long Term Incentive Plan Awards and subsequent sale of shares by a director 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 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 a director of the Company 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 those shares by the director as set out below: Director: MZ Mkhize Nature of transaction: Off-market delivery of shares in Hulamin in terms of the LTIP Scheme and the subsequent on-market disposal those shares Class of securities: Ordinary shares Date of transaction: 24 April 2018 Total number of shares acquired and disposed 51 444 of: Price of securities on the day immediately R5.20 per share preceding this transaction and sale price: Total value of shares disposed of: R267 508.80 Nature of interest: Direct beneficial Clearance to deal obtained: Yes Pietermaritzburg 25 April 2018 Sponsor Questco Corporate Advisory Proprietary Limited Date: 25/04/2018 01:40:00 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.