HULAMIN LIMITED - Acceptance of awards by directors and the company secretary of Hulamin Limited and directors of major subsidiaries

Acceptance of awards by directors and the company secretary of Hulamin Limited and directors of major subsidiaries

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 DIRECTORS AND THE COMPANY SECRETARY OF HULAMIN
AND DIRECTORS OF MAJOR SUBSIDIARIES IN TERMS OF THE EQUITY-SETTLED
CONDITIONAL SHARE PLAN

Hulamin has made the following awards of Performance Shares in terms of its Equity-Settled
Conditional Share Plan which comprises 3 components (“Award”):
•     Performance Shares (which are settled 1:1 with Hulamin ordinary shares on vesting);
•     Bonus Shares; and
•     Retention Shares.

 Share Scheme:                                 Equity-Settled Conditional Share Plan (“Share Plan”)
 Name of recipient:                            RG Jacob – executive director
 Nature of transaction:                        Performance and Bonus Shares awarded in terms of
                                               the Share Plan
 Date of Award:                                26 July 2018
 Date of acceptance of Award:                  17 September 2018
 Number of shares awarded:
  Performance Shares                           321 279
  Bonus Shares                                 117 649
 Per share value of Award:                     R6.22
 Value of Award:
  Performance Shares                           R1 998 355
  Bonus Shares                                 R731 777
 Vesting date:                                 26 July 2021
 Nature of interest:                           Direct beneficial

 Share Scheme:                                 Equity-Settled Conditional Share Plan (“Share Plan”)
 Name of recipient:                            AP Krull – executive director
 Nature of transaction:                        Performance and Bonus Shares awarded in terms of
                                               the Share Plan
 Date of Award:                                26 July 2018
 Date of acceptance of Award:                  17 September 2018
 Number of shares awarded:
  Performance Shares                           199 660
  Bonus Shares                                 78 538
 Per share value of Award:                     R6.22
 Value of Award:
  Performance Shares                           R1 241 885
  Bonus Shares                                 R488 506
 Vesting date:                                 26 July 2021
 Nature of interest:                           Direct beneficial

 Share Scheme:                                 Equity-Settled Conditional Share Plan (“Share Plan”)
 Name of recipient:                            ZM Mkhize – executive director
 Nature of transaction:                        Performance and Bonus Shares awarded in terms of
                                               the Share Plan
 Date of Award:                                26 July 2018
 Date of acceptance of Award:                  17 September 2018
 Number of shares awarded:
  Performance Shares                           152 571
  Bonus Shares                                 57 682
 Per share value of Award:                     R6.22
Value of Award:
 Performance Shares            R948 992
 Bonus Shares                  R358 782
Vesting date:                  26 July 2021
Nature of interest:            Direct beneficial

Share Scheme:                  Equity-Settled Conditional Share Plan (“Share Plan”)
Name of recipient:             W Fitchat – Company Secretary
Nature of transaction:         Performance and Bonus Shares awarded in terms of
                               the Share Plan
Date of Award:                 26 July 2018
Date of acceptance of Award:   17 September 2018
Number of shares awarded:
 Performance Shares            67 581
 Bonus Shares                  27 018
Per share value of Award:      R6.22
Value of Award:
 Performance Shares            R420 354
 Bonus Shares                  R168 052
Vesting date:                  26 July 2021
Nature of interest:            Direct beneficial

Share Scheme:                  Equity-Settled Conditional Share Plan (“Share Plan”)
Name of recipient:             F Bradford – Director of major subsidiary
Name of subsidiary:            Hulamin Operations Proprietary Limited
Nature of transaction:         Performance and Bonus Shares awarded in terms of
                               the Share Plan
Date of Award:                 26 July 2018
Date of acceptance of Award:   17 September 2018
Number of shares awarded:
 Performance Shares            147 457
 Bonus Shares                  51 279
Per share value of Award:      R6.22
Value of Award:
 Performance Shares            R917 183
 Bonus Shares                  R318 955
Vesting date:                  26 July 2021
Nature of interest:            Direct beneficial

Share Scheme:                  Equity-Settled Conditional Share Plan (“Share Plan”)
Name of recipient:             DR Weisz – Director of major subsidiary
Name of subsidiary:            Hulamin Operations Proprietary Limited
Nature of transaction:         Performance and Bonus Shares awarded in terms of
                               the Share Plan
Date of Award:                 26 July 2018
Date of acceptance of Award:   17 September 2018
Number of shares awarded:
 Performance Shares            125 183
 Bonus Shares                  39 259
Per share value of Award:      R6.22
Value of Award:
 Performance Shares            R778 638
 Bonus Shares                  R244 191
Vesting date:                  26 July 2021
Nature of interest:            Direct beneficial

Share Scheme:                  Equity-Settled Conditional Share Plan (“Share Plan”)
Name of recipient:             Ms MA Janneker – Director of major subsidiary
Name of subsidiary:            Hulamin Operations Proprietary Limited
 Nature of transaction:                   Performance, Bonus and Retention Shares awarded in
                                          terms of the Share Plan
 Date of Award:                           26 July 2018
 Date of acceptance of Award:             17 September 2018
 Number of shares awarded:
  Performance Shares                      117 374
  Bonus Shares                            43 709
  Retention Shares                        122 265
 Per share value of Award:                R6.22
 Value of Award:
  Performance Shares                      R730 066
  Bonus Shares                            R271 870
  Retention Shares                        R760 488
 Vesting date:                            26 July 2021
 Nature of interest:                      Direct beneficial

Pietermaritzburg
18 September 2018

Sponsor
Questco Corporate Advisory Proprietary Limited

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