Dealing in securities by directors and the company secretary HUDACO INDUSTRIES LIMITED (“Hudaco” or the “Company”) Incorporated in the Republic of South Africa Registration number 1985/004617/06 Share code: HDC & ISIN: ZAE000003273 DEALING IN SECURITIES BY DIRECTORS AND THE COMPANY SECRETARY Name of company : Hudaco Name of director : GR Dunford Designation : Chief executive Number of share appreciation rights : 235 000 Hudaco share appreciation rights awarded and accepted Strike price : R68.37 per share, based on a 10-day VWAP at the date of the award Value of transaction : R16 066 950.00 Vesting period : Subject to certain performance criteria, 1/3 of the allocation vests 3 years from the allocation date, with another 1/3 vesting in year 4 and the balance in year 5. Date of award : 27 July 2020 Date of acceptance : 31 July 2020 Nature of transaction : Award and acceptance of share appreciation rights in the normal course of employment (off market) Nature of interest : Direct beneficial Written clearance to deal : Yes Name of company : Hudaco Name of director : CV Amoils Designation : Group financial director Number of share appreciation rights : 99 600 Hudaco share appreciation rights awarded and accepted Strike price : R68.37 per share, based on a 10-day VWAP at the date of the award Value of transaction : R6 809 652.00 Vesting period : Subject to certain performance criteria, 1/3 of the allocation vests 3 years from the allocation date, with another 1/3 vesting in year 4 and the balance in year 5. Date of award : 27 July 2020 Date of acceptance : 31 July 2020 Nature of transaction : Award and acceptance of share appreciation rights in the normal course of employment (off market) Nature of interest : Direct beneficial Written clearance to deal : Yes Name of company : Hudaco Name of director : LFJ Meiring Designation : Executive director Number of share appreciation rights : 142 000 Hudaco share appreciation rights awarded and accepted Strike price : R68.37 per share, based on a 10-day VWAP at the date of the award Value of transaction : R9 708 540.00 Vesting period : Subject to certain performance criteria, 1/3 of the allocation vests 3 years from the allocation date, with another 1/3 vesting in year 4 and the balance in year 5. Date of award : 27 July 2020 Date of acceptance : 3 August 2020 Nature of transaction : Award and acceptance of share appreciation rights in the normal course of employment (off market) Nature of interest : Direct beneficial Written clearance to deal : Yes Name of company : Hudaco Name of director : R van Zyl Designation : Group secretary Number of share appreciation rights : 12 000 Hudaco share appreciation rights awarded and accepted Strike price : R68.37 per share, based on a 10-day VWAP at the date of the award Value of transaction : R820 440.00 Vesting period : Subject to certain performance criteria, 1/3 of the allocation vests 3 years from the allocation date, with another 1/3 vesting in year 4 and the balance in year 5. Date of award : 27 July 2020 Date of acceptance : 31 July 2020 Nature of transaction : Award and acceptance of share appreciation rights in the normal course of employment (off market) Nature of interest : Direct beneficial Written clearance to deal : Yes EDENVALE 3 August 2020 Sponsor: Nedbank Corporate and Investment Banking Date: 03-08-2020 11:15:00 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.