HUDACO INDUSTRIES LIMITED - Director dealing in securities

Director 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 DEALING IN SECURITIES

Name of the company        : Hudaco

Name of director           : LFJ Meiring

Designation                : Executive director

Date of transaction        : 14 March 2019

Nature of transaction      : In terms of the retention focused Hudaco share
                             matching scheme, based on his short-term bonus
                             formula, Louis Meiring was entitled to commit
                             to the scheme by 8 April 2019 shares up to the
                             value of R2 187 500. On 14 March 2019 he
                             purchased 16 827 Hudaco shares at an average
                             market price of R129.99, the lowest market
                             price being R129.56 and highest market price
                             R130.00 (on market). These shares will be held
                             in his share matching scheme account for a
                             period of three years to 13 March 2022, at
                             which date he will have the right to require
                             the company to purchase 16 827 Hudaco shares
                             for his benefit, on condition that he is still
                             in the company’s employ at that date.

Value of transaction       : R2 187 374.71

Nature of interest         : Direct beneficial

Clearance obtained         : Yes


Johannesburg
18 March 2019

Sponsor: Nedbank Corporate and Investment Banking

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