Acceptance of Awards by Directors and Directors of Major Subsidiaries - Equity Settled Conditional Share Plan HULAMIN LIMITED Incorporated in the Republic of South Africa (Registration number 1940/013924/06) ISIN: ZAE000096210 JSE Code: HLM (“Hulamin” or the “Company”) ACCEPTANCE OF AWARDS BY DIRECTORS OF HULAMIN AND DIRECTORS OF MAJOR SUBSIDIARIES IN TERMS OF THE EQUITY-SETTLED CONDITIONAL SHARE PLAN In compliance with paragraphs 3.63 to 3.74 of the Listings Requirements of the JSE Limited, shareholders are advised that the Company has made the following awards of Bonus Shares and Performance Shares in terms of its Equity-Settled Conditional Share Plan (“Share Plan”): Name of recipient: M Gounder – Executive director Name of company: Hulamin Limited Nature of transaction: Off-market acceptance of conditional Performance Shares awarded in terms of the Share Plan Class of security: Ordinary shares Date of Award: 14 December 2022 Date of acceptance of Award: 15 December 2022 Number of Performance Shares awarded and accepted: 265 714 Issue price: Rnil (Free of charge) Deemed value of Award (based on a 30- R1 123 970.22 day volume-weighted average price (VWAP) of a Hulamin share of R4,23 as at 31 December 2021 calculated in terms of the guidelines of the Share Plan): Vesting date: 13 December 2025 Nature of interest: Direct beneficial Clearance to deal obtained: Yes Name of recipient: M Gounder – Executive director Name of company: Hulamin Limited Nature of transaction: Off-market acceptance of conditional Bonus Shares awarded in terms of the Share Plan Class of security: Ordinary shares Date of Award: 14 December 2022 Date of acceptance of Award: 15 December 2022 Number of Performance Shares awarded and accepted: 135 976 Issue price: Rnil (Free of charge) Deemed value of Award (based on a 30- R575 178,48 day VWAP of a Hulamin share of R4,23 as at 31 December 2021 calculated in terms of the guidelines of the Share Plan): Vesting date: 13 December 2025 Nature of interest: Direct beneficial Clearance to deal obtained: Yes Name of recipient: MA Janneker– Director of major subsidiary Name of subsidiary: Hulamin Operations Proprietary Limited Nature of transaction: Off-market acceptance of conditional Performance Shares awarded in terms of the Share Plan Class of security: Ordinary shares Date of Award: 14 December 2022 Date of acceptance of Award 15 December 2022 Number of Performance Shares 197 977 awarded and accepted: Issue price: Rnil (Free of charge) Deemed value of Award (based on a 30- R837 442,71 day VWAP of a Hulamin share of R4,23 as at 31 December 2021 calculated in terms of the guidelines of the Share Plan): Vesting date: 13 December 2025 Nature of interest: Direct beneficial Clearance to deal obtained: Yes Name of recipient: MA Janneker– Director of major subsidiary Name of subsidiary: Hulamin Operations Proprietary Limited Nature of transaction: Off-market acceptance of conditional Bonus Shares awarded in terms of the Share Plan Class of security: Ordinary shares Date of Award: 14 December 2022 Date of acceptance of Award: 15 December 2022 Number of Performance Shares 135 506 awarded and accepted: Issue price: Rnil (Free of charge) Deemed value of Award (based on a 30- R573 190,38 day VWAP of a Hulamin share of R4,23 as at 31 December 2021 calculated in terms of the guidelines of the Share Plan): Vesting date: 13 December 2025 Nature of interest: Direct beneficial Clearance to deal obtained: Yes Pietermaritzburg 19 December 2022 Sponsor Questco Corporate Advisory Proprietary Limited Date: 19-12-2022 10:21:00 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.