Directors and officer dealing in securities HUDACO INDUSTRIES LIMITED (Incorporated in the Republic of South Africa) Registration number: 1985/004617/06 Share Code: HDC ISIN: ZAE000003273 (“Hudaco” or “the company”) DIRECTORS AND OFFICER DEALING IN SECURITIES Name of the company : Hudaco Name of director : GR Dunford Designation : Chief executive Date of transaction : 26 February 2019 Nature of transaction 1 : Acquisition of 21 239 Hudaco ordinary shares at the current market price of R131.9137 per share (on market) in terms of the rules of Hudaco’s retention based Share Matching Scheme. The shares are paid for by the company and match Hudaco shares purchased by the executive in 2016 and retained to date. Value of transaction : R2 801 715.07 Nature of interest : Direct beneficial. Clearance obtained : Yes Name of the company : Hudaco Name of director : CV Amoils Designation : Group financial director Date of transaction : 26 February 2019 Nature of transaction 1 : Acquisition of 25 470 Hudaco ordinary shares at the current market price of R131.9137 per share (on market) in terms of the rules of Hudaco’s retention based Share Matching Scheme. The shares are paid for by the company and match Hudaco shares purchased by the executive in 2016 and retained to date. Value of transaction : R3 359 841.94 Nature of interest : Direct beneficial. Clearance obtained : Yes Name of the company : Hudaco Name of officer : R van Zyl Designation : Group secretary Date of transaction : 26 February 2019 Nature of transaction 1 : Acquisition of 415 Hudaco ordinary shares at the current market price of R131.96 per share (on market) in terms of the rules of Hudaco’s retention based Share Matching Scheme. The shares are paid for by the company and match Hudaco shares purchased by the officer in 2016 and retained to date. Value of transaction 1 : R54 763.40 Nature of transaction 2 : Sale of 187 Hudaco ordinary shares at the current market price of R131.89 per share (on market). These shares were acquired in the share matching transaction referred to above and were sold to fund the tax liability arising thereon. Value of transaction 2 : R24 663.43 Nature of transaction 3 : In terms of the retention focused Hudaco share matching scheme, based on her short-term bonus formula, Reana van Zyl is entitled to commit to the scheme by 8 April 2019 shares up to the value of R312 500. On 26 February 2019, she committed (off market) 1 122 Hudaco shares to the scheme. These shares will be held in her share matching scheme account for a period of three years to 25 February 2022, at which date she will have the right to require the company to purchase 1 122 Hudaco shares for her benefit, on condition that she is still in the company’s employ at that date. Value of transaction 3 : R147 948.28 Nature of interest : Direct beneficial. Clearance obtained : Yes Johannesburg 28 February 2019 Sponsor Nedbank Corporate and Investment Banking Date: 28/02/2019 10:24:00 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.