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 : 3 February 2020 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 29 March 2020 shares up to the value of R4 886 800. On 3 February 2020, based on the daily VWAP price of R99.97 per share, he committed (off market) 48 882 Hudaco shares to the scheme. These shares will be held in his share matching scheme account for a period of three years to 3 February 2023, at which date he will have the right to require the company to purchase 48 882 Hudaco shares for his benefit, on condition that he is still in the company’s employ at that date. Value of transaction : R4 886 733.54 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 : 3 February 2020 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 29 March 2020 shares up to the value of R2 432 250. On 3 February 2020, based on the daily VWAP price of R99.97 per share, he committed (off market) 24 329 Hudaco shares to the scheme. These shares will be held in his share matching scheme account for a period of three years to 3 February 2023, at which date he will have the right to require the company to purchase 24 329 Hudaco shares for his benefit, on condition that he is still in the company’s employ at that date. Value of transaction : R2 432 170.13 Nature of interest : Direct beneficial. Clearance obtained : Yes Johannesburg 5 February 2020 Sponsor: Nedbank Corporate and Investment Banking Date: 05-02-2020 03:38:00 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.