Exercise of Long Term Incentive Plan Awards and subsequent sale of shares by the Company Secretary of Hulamin HULAMIN LIMITED Incorporated in the Republic of South Africa (Registration number 1940/013924/06) ISIN: ZAE000096210 JSE Code: HLM (“Hulamin”) EXERCISE OF LONG TERM INCENTIVE PLAN AWARDS AND SUBSEQUENT SALE OF SHARES BY THE COMPANY SECRETARY OF HULAMIN In compliance with paragraph 3.63 the Listings Requirements of the JSE Limited, the following information is disclosed: Company Secretary: W Fitchat Nature of interest: Direct beneficial Clearance to deal obtained: Yes Nature of transaction: Acquisition of ordinary shares in Hulamin through the off- market exercise of Long Term Incentive Plan awards with no performance conditions (“LTIP-NPC”) and subsequent on-market sale of a portion thereof Date of the transaction: 24 April 2018 Class of securities: LTIP-NPC in respect of ordinary shares Number of LTIP-NPC ordinary shares 11 045 exercised: Exercise price: R5.20 Value of exercise: R57 434.00 Number of ordinary shares sold: 5 096 Selling price: R5.20 Value of sale: R26 499.20 Nature of transaction: Acquisition of ordinary shares in Hulamin through the off- market exercise of Long Term Incentive Plan awards with performance conditions (“LTIP-PC”) and subsequent on- market sale of a portion thereof Date of the transaction: 25 April 2018 Class of securities: LTIP-PC in respect of ordinary shares Number of LTIP-PC ordinary shares 16 886 exercised: Exercise price: R5.20 Value of exercise: R87 807.20 Number of ordinary shares sold: 7 785 Weighted average sale price per share: R5.1937 Highest selling price: R5.20 Lowest selling price: R5.19 Value of sale: R40 432.95 Pietermaritzburg 26 April 2018 Sponsor Questco Corporate Advisory Proprietary Limited Date: 26/04/2018 02:43:00 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.