Disclosure of disposal of 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 DISCLOSURE OF DISPOSAL OF SECURITIES In accordance with the JSE Listings Requirements and Section 122(1) of the Companies Act, No 71 of 2008, shareholders are advised that PSG Asset Management Proprietary Limited (PSG) has notified Hudaco that it had disposed of a beneficial interest in the ordinary shares of the company on behalf of its clients, such that the total beneficial interest in Hudaco securities held by PSG is now 9.9% of the total issued Hudaco securities. 29 June 2020 Sponsor Nedbank Corporate and Investment Banking Date: 29-06-2020 10:46:00 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.