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Dealing in Securities by Directors
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
DEALING IN SECURITIES BY DIRECTORS
Name of the company : Hudaco
Name of director : GR Dunford
Designation : Chief executive
Date of transactions : 23 July 2026
Nature of transaction 1 : Automatic exercise at expiry date of 5 304 share
appreciation rights with a strike price of R149.51
under the Hudaco Industries Share Appreciation
Plan (off market), at a volume weighted average
price ("VWAP") of R189.35.
Settled by the delivery of 1 115 Hudaco ordinary
shares (off market).
Value of transaction 1 : R208 027.80
Nature of transaction 2 : Automatic exercise at expiry date of 2 415 share
appreciation rights with a strike price of R125.10
under the Hudaco Industries Share Appreciation
Plan (off market), at a VWAP of R189.35.
Settled by the delivery of 819 Hudaco ordinary
shares (off market).
Value of transaction 2 : R152 802.49
Nature of interest : Direct beneficial
Written clearance obtained : Yes
Name of director : CV Amoils
Designation : Financial director
Date of transactions : 23 July 2026
Nature of transaction 1 : Automatic exercise at expiry date of 2 235 share
appreciation rights with a strike price of R149.51
under the Hudaco Industries Share Appreciation
Plan (off market), at a VWAP of R189.35.
Settled by the delivery of 470 Hudaco ordinary
shares (off market).
Value of transaction 1 : R87 688.85
Nature of transaction 2 : Automatic exercise at expiry date of 1 126 share
appreciation rights with a strike price of R125.10
under the Hudaco Industries Share Appreciation
Plan (off market), at a VWAP of R189.35.
Settled by the delivery of 382 Hudaco ordinary
shares (off market).
Value of transaction 2: : R71 270.51
Nature of interest : Direct beneficial
Written clearance obtained : Yes
Name of director : EJ Smith
Designation : Executive director
Date of transactions : 23 July 2026
Nature of transaction 1 : Exercise of 601 share appreciation rights with a
strike price of R149.51 under the Hudaco Industries
Share Appreciation Plan (off market), at a VWAP of
R189.35.
Settled by the delivery of 126 Hudaco ordinary
shares (off market).
Value of transaction 1 : R23 507.82
Nature of transaction 2 : Sale of 126 Hudaco ordinary shares at the current
market price of R186.57 per share (on market).
Value of transaction 2: : R23 507.82
Nature of interest : Direct beneficial
Written clearance obtained : Yes
Edenvale
24 July 2026
Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited
Date: 24-07-2026 04:05:00
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