Results of annual general meeting HUDACO INDUSTRIES LIMITED (Incorporated in the Republic of South Africa) Registration Number 1985/004617/06 Share Code: HDC ISIN: ZAE000003273 (“Hudaco” or “the company”) Results of annual general meeting Hudaco shareholders are advised that the voting results for the annual general meeting (“the AGM”) held at the registered offices of the Company on Thursday, 18 March 2021 are set out below. Based on the voting results, all resolutions were passed by the requisite majority of Hudaco shareholders present in person or represented by proxy at the AGM. Resolution Number of Percentage For** Against** Abstained* shares voted of voteable % % % shares in issue* % Ordinary Resolution Number 1.1 24 011 459 78.41 81.31 18.69 0.25 To re-elect directors retiring by rotation: Mr SJ Connelly Ordinary Resolution Number 1.2 24 011 459 78.41 98.30 1.70 0.25 To re-elect directors retiring by rotation: Ms D Naidoo Ordinary Resolution Number 1.3 24 011 459 78.41 97.59 2.41 0.25 To re-elect directors retiring by rotation: Mr LFJ Meiring Ordinary Resolution Number 2: 24 011 959 78.41 74.97 25.03 0.25 To approve the appointment of external auditors Ordinary Resolution Number 3.1: 24 011 459 78.41 95.71 4.29 0.25 Appointment of the members of the audit and risk management committee: D Naidoo Ordinary Resolution Number 3.2: 24 011 459 78.41 97.93 2.07 0.25 Appointment of the members of the audit and risk management Committee: N Mandindi Ordinary Resolution Number 3.3: 24 011 459 78.41 100.00 0.00 0.25 Appointment of the members of the audit and risk management Committee: MR Thompson Special Resolution Number 1: 23 806 095 77.74 99.52 0.48 0.92 Approval of non-executive directors’ remuneration Non-binding Resolution Number 23 805 595 77.74 83.43 16.57 0.92 1: Approval of Hudaco’s remuneration policy Non-binding Resolution Number 23 805 095 77.74 83.03 16.97 0.93 2: Approval of Hudaco’s Resolution Number of Percentage For** Against** Abstained* shares voted of voteable % % % shares in issue* % remuneration implementation report Special Resolution Number 2: 24 011 459 78.41 99.15 0.85 0.25 Authorising the provision of financial assistance to subsidiaries Special Resolution Number 3: 24 006 782 78.40 99.53 0.47 0.27 General authority to repurchase shares up to 1 656 446 of the ordinary shares (5% of the shares in issue) Ordinary Resolution Number 4: 23 853 812 77.90 72.13 27.87 0.77 General authority to directors to allot and issue up to 1 656 446 authorised but unissued ordinary shares (5% of shares in issue) Ordinary Resolution Number 5: 24 011 459 78.41 100.00 0.00 0.25 Signature of documents * Based on 30 621 103 voteable shares (33 128 931 shares in issue as at the date of the AGM, minus 2 507 828 treasury shares held by a subsidiary of Hudaco.) ** As a percentage of shares voted at AGM. Comments by the CEO on 2021 first quarter trading During the meeting, Graham Dunford, chief executive of Hudaco, made the following comments on trading for the first quarter: “In the prospects section of our results announcement released at the end of January 2021, we indicated that, in the context of the operational and financial performance in the second half of 2020, having compared favourably against the comparable period in 2019, we considered prospects for Hudaco to be positive for 2021, despite what was happening in the economy. We stated that, while we appreciated there was much uncertainty ahead, our businesses were well placed and ready for 2021, subject to no further lockdown restrictions on businesses in the markets we serve. Furthermore, we should also see the benefit of the rightsizing and rationalisation within certain businesses coming through in 2021. It is only six weeks since we released our prospects statement and all indications to date have been consistent with the expectations described above.” Johannesburg 18 March 2021 Sponsor Nedbank Corporate and Investment Banking Date: 18-03-2021 04:21:00 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.