HUDACO INDUSTRIES LIMITED - Trading Statement

Trading Statement

HUDACO INDUSTRIES LIMITED
(“Hudaco” or the “Company”)
Incorporated in the Republic of South Africa
Registration number 1985/004617/06
Share code: HDC & ISIN: ZAE000003273

TRADING STATEMENT

In terms of the Listings Requirements of JSE Limited, companies are required to publish a trading statement as soon
as they become reasonably certain that the financial results for the period to be reported on will differ by more than
20% from that of the previous corresponding period.

Accordingly, shareholders are advised that, for the year ended 30 November 2022:

-   headline earnings per share ("HEPS") are expected to be between 1977 cents and 2037 cents. This is between 20%
    and 24% higher than the HEPS of 1641 cents reported for the year ended 30 November 2021;

-   basic earnings per share ("EPS") are expected to be between 1977 cents and 2037 cents. This is between 20% and
    24% higher than the EPS of 1643 cents reported for the year ended 30 November 2021; and

-   comparable earnings per share ("CEPS") are expected to be between 1921 cents and 1981 cents. This is between
    19% and 23% higher than the CEPS of 1613 cents reported for the year ended 30 November 2021.

The financial information on which this trading statement is based has not been reviewed or reported on by Hudaco’s
auditors. Hudaco's financial results are expected to be released on SENS on or about 3 February 2023.

31 January 2023

Corporate advisor and Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 31-01-2023 05:25:00
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