Directors' dealing in securities Hudaco Industries Limited (“Hudaco” or “the company”) Incorporated in the Republic of South Africa Registration number: 1985/004617/06 Share code: HDC ISIN code: ZAE000003273 DIRECTORS’ DEALING IN SECURITIES Name of the company : Hudaco Name of director : GR Dunford Designation : Chief executive Date of transaction : 30 April 2019 Nature of transaction 1 : Acquisition of 15 145 Hudaco ordinary shares at the current market price of R134.6506 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 039 283.34 Nature of transaction 2 : Sale of 6 814 Hudaco ordinary shares at the current market price of R134.50 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 : R916 483.00 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 : 30 April 2019 Nature of transaction 1 : Acquisition of 3 165 Hudaco ordinary shares at the current market price of R134.6506 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 : R426 169.15 Nature of transaction 2 : Sale of 1 425 Hudaco ordinary shares at the current market price of R134.50 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 : R191 662.50 Nature of interest : Direct beneficial. Clearance obtained : Yes Johannesburg 2 May 2019 Sponsor: Nedbank Corporate and Investment Banking Date: 02/05/2019 09:15:00 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.