Trading Statement HUDACO INDUSTRIES LIMITED (“Hudaco” or the “Company”) Incorporated in the Republic of South Africa Registration number 1985/004617/06 Share code: HDC & ISIN: ZAE000003273 TRADING STATEMENT In terms of the Listings Requirements of JSE Limited, companies are required to publish a trading statement as soon as they become reasonably certain that the financial results for the period to be reported on will differ by more than 20% from those of the previous corresponding period. As detailed in the 2020 interim results released on 25 June 2020, Hudaco’s trading operations during the first half of the 2020 financial year were severely impacted by the effects of the COVID-19 pandemic and the associated level 5 lockdown. This has not been the case in the six months to 31 May 2021. Accordingly, shareholders are advised that, for the six months ended 31 May 2021 headline, comparable and basic headline earnings per share ("HEPS", “CEPS” and “EPS”, respectively) are all expected to be between 660 cents and 710 cents. For the six months ended 31 May 2020 HEPS was 195 cents, CEPS was 69 cents and EPS was a loss of 738 cents. The financial information on which this trading statement is based has not been reviewed or reported on by Hudaco’s auditors. Hudaco's interim results are expected to be released on SENS on or about 25 June 2021. 22 June 2021 Corporate advisor and Sponsor Nedbank Corporate and Investment Banking, a division of Nedbank Limited Date: 22-06-2021 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.