HULAMIN LIMITED - Acceptance of awards by a director and the company secretary and a director of a major subsidiary

Acceptance of awards by a director and the company secretary and a director of a major subsidiary

HULAMIN LIMITED
Incorporated in the Republic of South Africa
(Registration number 1940/013924/06)
ISIN: ZAE000096210
JSE Code: HLM
(“Hulamin” or “the Company”)


ACCEPTANCE OF AWARDS BY A DIRECTOR AND THE COMPANY SECRETARY OF HULAMIN
AND A DIRECTOR OF A MAJOR SUBSIDIARY IN TERMS OF THE EQUITY-SETTLED
CONDITIONAL SHARE PLAN


Shareholders are advised that Hulamin has made awards of shares (“Awards”) linked to the
performance of the Company (“Performance Shares”) in terms of its Equity-Settled Conditional Share
Plan (“Share Plan”). The Performance Shares will be settled in a ratio of 1:1 with Hulamin ordinary
shares on vesting.

 Share Scheme:                                 Share Plan
 Name of recipient:                            RG Jacob – executive director
 Nature of transaction:                        Performance Shares awarded in terms of the Share
                                               Plan
 Date of Award:                                20 August 2020
 Date of acceptance of Award:                  1 September 2020
 Number of shares awarded:                     932 150
 Per share value of Award:                     R2.2828
 Value of Award: Performance Shares            R2 127 912.02
 Vesting date:                                 19 August 2023
 Nature of interest:                           Direct beneficial

 Share Scheme:                                 Share Plan
 Name of recipient:                            W Fitchat – company secretary
 Nature of transaction:                        Performance Shares awarded in terms of the Share
                                               Plan
 Date of Award:                                20 August 2020
 Date of acceptance of Award:                  1 September 2020
 Number of shares awarded:                     195 727
 Per share value of Award:                     R2.2828
 Value of Award: Performance Shares            R446 805.60
 Vesting date:                                 19 August 2023
 Nature of interest:                           Direct beneficial

 Share Scheme:                                 Share Plan
 Name of recipient:                            Ms MA Janneker – director of major subsidiary
 Name of subsidiary:                           Hulamin Operations Proprietary Limited
 Nature of transaction:                        Performance Shares awarded in terms of the Share
                                               Plan
 Date of Award:                                20 August 2020
 Date of acceptance of Award:                  1 September 2020
 Number of shares awarded:                     335 829
 Per share value of Award:                     R2.2828
 Value of Award: Performance Shares            R766 630.44
 Vesting date:                                 19 August 2023
 Nature of interest:                           Direct beneficial

The above values of the Awards are deemed values based on a 30-day volume-weighted average price
(VWAP) of a Hulamin share of R2.2828 as at 31 December 2019 calculated in terms of the guidelines of
the Share Plan.

The transactions took place off-market and the requisite clearances have been obtained.


Pietermaritzburg
2 September 2020


Sponsor
Questco Corporate Advisory Proprietary Limited

Date: 02-09-2020 11:00:00
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.