Audited results for the year ended 30 November 2019 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 Audited results for the year ended 30 November 2019 30 November 2019 30 November 2018 Percentage change (Rm) (Rm) Turnover 6 704 6 381 5.1 Operating profit 701 655 6.9 Basic earnings per share (cents) 1 355 1 202 12.7 Headline earnings per share (cents) 1 355 1 289 5.1 Comparable earnings per share (cents) 1 240 1 198 3.5 Dividends per share (cents) 600 570 5.3 The auditors have issued an unqualified audit opinion on the audited results for the year ended 30 November 2019. Declaration of final dividend no 66 Final dividend number 66 of 410 cents per share (2018: 380 cents per share) is declared payable on Monday 24 February 2020 to ordinary shareholders recorded in the register at the close of business on Friday 21 February 2020. The timetable for the payment of the dividend is as follows: Last day to trade cum dividend Tuesday 18 February 2020 Trading ex dividend commences Wednesday 19 February 2020 Record date Friday 21 February 2020 Payment date Monday 24 February 2020 Share certificates may not be dematerialised or rematerialised between Wednesday 19 February 2020 and Friday, 21 February 2020, both days inclusive. The certificated register will be closed for this period. In terms of the Listings Requirements of the JSE Limited regarding the Dividends Tax the following additional information is disclosed: • The dividend has been declared from income reserves; • The dividend withholding tax rate is 20%; • The net local dividend amount is 328 cents per share for shareholders liable to pay the Dividend Tax and 410 cents per share for shareholders exempt from the Dividend Tax; • Hudaco Industries Limited has 34 153 531 shares in issue (which includes 2 507 828 treasury shares); and • Hudaco Industries Limited’s income tax reference number is 9400/159/71/2 About this Announcement This short-form announcement is the responsibility of the directors of Hudaco. It is only a summary of the information contained in the abridged audited results for the year ended 30 November 2019 (the “full announcement”) and does not contain full or complete details. Any investment decisions by investors and/or shareholders should be based on consideration of the full announcement published on the JSE website at https://senspdf.jse.co.za/documents/2020/jse/isse/HDC/ye2019.pdf. The unqualified auditors report, which includes key audit matters pursuant to International Auditing Standard ISA701, is available for viewing at www.hudaco.co.za. The financial statements are available for inspection at the company’s registered address. 31 January 2020 Sponsor Nedbank Corporate and Investment Banking Date: 31-01-2020 08:00:00 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.