Directors 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 DIRECTORS DEALING IN SECURITIES Name of the company : Hudaco Name of director : GR Dunford Designation : Chief executive Date of transaction : 7 February 2019 Nature of transaction : In terms of the retention focused Hudaco share matching scheme, based on his short-term bonus formula, Graham Dunford was entitled to commit to the scheme by 8 April 2019 shares up to the value of R4 632 200. On 7 February 2019, based on the daily VWAP price of R133.91 per share, he committed (off market) 34 591 Hudaco shares to the scheme. These shares will be held in his share matching scheme account for a period of three years to 7 February 2022, at which date he will have the right to require the company to purchase 34 591 Hudaco shares for his benefit, on condition that he is still in the company’s employ at that date. Value of transaction : R4 632 080.81 Nature of interest : Direct beneficial. Clearance obtained : Yes Name of the company : Hudaco Name of director : CV Amoils Designation : Group financial director Date of transaction : 7 February 2019 Nature of transaction 1 : In terms of the retention focused Hudaco share matching scheme, based on his short- term bonus formula, Clifford Amoils was entitled to commit to the scheme by 8 April 2019 shares up to the value of R2 302 188. On 7 February 2019, based on the daily VWAP price of R133,91 per share, he committed (off market) 17 192 Hudaco shares to the scheme. These shares will be held in his share matching scheme account for a period of three years to 7 February 2022, at which date he will have the right to require the company to purchase 17 192 Hudaco shares for his benefit, on condition that he is still in the company’s employ at that date. Value of transaction : R2 302 180.72 Nature of interest : Direct beneficial. Clearance obtained : Yes Johannesburg 12 February 2019 Sponsor: Nedbank Corporate and Investment Banking Date: 12/02/2019 11:18:00 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.