Director’s 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 DIRECTOR’S DEALING IN SECURITIES Name of company : Hudaco Name of director : GR Dunford Designation : Chief Executive Date of transaction : 2 April 2020 Nature of transaction : Acquisition of 6586 Hudaco ordinary shares at the current market price of R68.10 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 2017 and retained to date. Value of transaction : R448 506.60 Nature of interest : Direct beneficial Clearance obtained : Yes Johannesburg 3 April 2020 Sponsor: Nedbank Corporate and Investment Banking Date: 03-04-2020 11:12:00 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.