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 19 March 2019 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 votable % % % shares in issue* % Ordinary Resolution Number 1.1 24 746 623 78.20 98.69 1.31 0.07 To re-elect directors retiring by rotation: GR Dunford Ordinary Resolution Number 1.2 24 625 712 77.82 98.43 1.57 0.46 To re-elect directors retiring by rotation: D Naidoo Ordinary Resolution Number 2: 24 625 712 77.82 98.19 1.81 0.46 To elect LFJ Meiring appointed since previous AGM Ordinary Resolution Number 3: 24 746 623 78.20 84.86 15.14 0.07 To approve the re-appointment of external auditors Ordinary Resolution Number 4.1: 24 625 712 77.82 99.67 0.33 0.46 Appointment of the members of the audit and risk management committee: D Naidoo Ordinary Resolution Number 4.2: 24 625 712 77.82 98.62 1.38 0.46 Appointment of the members of the audit and risk management Committee: N Mandindi Ordinary Resolution Number 4.3: 24 625 712 77.82 99.42 0.58 0.46 Appointment of the members of the audit and risk management Committee: MR Thompson Special Resolution Number 1: 24 738 872 78.17 99.57 0.43 0.10 Approval of non-executive directors’ remuneration Ordinary Resolution Number 5: 24 746 623 78.20 100 0 0.07 Approval of amendments to The Hudaco Industries Limited Share Appreciation Plan Non-binding Resolution Number 24 685 066 78.00 85.41 14.59 0.27 1: Approval of Hudaco’s remuneration policy Non-binding Resolution Number 24 685 066 78.00 85.61 14.39 0.27 2: Approval of Hudaco’s remuneration implementation report Special Resolution Number 2: 24 746 623 78.20 96.08 3.92 0.07 Authorising the provision of financial assistance to subsidiaries Special Resolution Number 3: 24 746 623 78.20 99.23 0.77 0.07 General authority to repurchase shares up to 1 582 285 (5%) of the shares in issue Ordinary Resolution Number 6: 24 746 623 78.20 89.32 10.68 0.07 General authority to directors to allot and issue authorised but unissued ordinary shares – up to 1 582 285 (5%) shares in issue Ordinary Resolution Number 7: 24 746 623 78.20 100 0 0.07 Signature of documents * Based on 31 645 703 votable shares (34 153 531 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 2019 first quarter trading During the meeting, Graham Dunford, chief executive of Hudaco, made the following comments on trading for the first quarter: “Hudaco’s first quarter includes the very quiet months of December and January so it is still too soon for a meaningful statement on trading. What we have seen thus far is that turnover overall has shown some growth despite the effect of load-shedding and the looming elections. The pressure on margins experienced in the last quarter of 2018, caused primarily by the volatility in the exchange rate, is still working its way out of the system.” Johannesburg 19 March 2019 Sponsor Nedbank Corporate and Investment Banking Date: 19/03/2019 02:25:00 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.