Dealings in Securities by the Hulamin Deferred Bonus Plan 2007 and Delivery of Shares to a Director HULAMIN LIMITED Incorporated in the Republic of South Africa (Registration number 1940/013924/06) JSE Code: HLM ISIN: ZAE000096210 (“Hulamin”) DEALINGS IN SECURITIES BY THE HULAMIN DEFERRED BONUS PLAN 2007 AND DELIVERY OF SHARES TO A DIRECTOR In compliance with the JSE Limited Listings Requirements, shareholders are advised that the Hulamin Limited Deferred Bonus Plan 2007 ("DBP") has, in accordance with its terms, purchased Hulamin shares in the open market on behalf of a DBP participant. Mr RG Jacobs, a director of Hulamin was allotted the right to receive 17 319 matching awards for shares purchased in Hulamin in terms of the DBP. Nature of transaction: On market, purchase of shares in order to settle matching DBP share awards vested and exercised. Grant date: 8 May 2015 Date of transaction: 8 May 2018 Class of securities: Ordinary shares Number of shares purchased: 17 319 Average purchase price: R5.1000 Highest Price R5.1500 Lowest Price R5.0900 Value of transaction: R88 327 Nature of interest: Direct beneficial Clearance obtained: Yes Director: RG Jacobs Nature of transaction: Off-market delivery of 17 319 matching shares in terms of the DBP Date of transaction: 8 May 2018 Class of securities: Ordinary shares Total value of this transaction: R88 327 Nature of interest: Direct beneficial Clearance obtained: Yes Summary: No. of Price per share Shares Allotment on 8 May 2015 of right to receive matching awards for shares purchased in Hulamin in terms of the DBP 17 319 R6.8373 Delivery on 8 May 2018 of matching shares awarded in terms of the DBP 17 319 R5.1000 Total 34 638 Pietermaritzburg 9 May 2018 Sponsor Questco Corporate Advisory Proprietary Limited Date: 09/05/2018 04:45:00 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.