Unaudited interim results for the six months ended 31 May 2020 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 Unaudited interim results for the six months ended 31 May 2020 31 May 2020 31 May 2019 Percentage (Rm) (Rm) change Turnover 2 636 3 175 (17.0) Operating profit 79 297 (73.5) Basic earnings per share (cents) (738) 533 (238.4) Headline earnings per share (cents) 195 533 (63.4) Dividends per share (cents) - 190 (100.0) About this Announcement This short-form announcement is the responsibility of the directors of Hudaco. It is only a summary of the information contained in the unaudited results for the six months ended 31 May 2020 (the “full announcement”) and does not contain full or complete details. Any investment decisions by investors and/or shareholders should be based on consideration of the full announcement published on the JSE website at https://senspdf.jse.co.za/documents/2020/jse/isse/HDC/ie2020.pdf. The full announcement is available for viewing at www.hudaco.co.za and for inspection at the company’s registered address. 25 June 2020 Sponsor Nedbank Corporate and Investment Banking Date: 25-06-2020 05:00:00 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.