Acceptance of awards by a director and the company secretary and a director of a major subsidiary 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 A DIRECTOR AND THE COMPANY SECRETARY OF HULAMIN AND A DIRECTOR OF A MAJOR SUBSIDIARY IN TERMS OF THE EQUITY-SETTLED CONDITIONAL SHARE PLAN Shareholders are advised that Hulamin has made awards of shares (“Awards”) linked to the performance of the Company (“Performance Shares”) in terms of its Equity-Settled Conditional Share Plan (“Share Plan”). The Performance Shares will be settled in a ratio of 1:1 with Hulamin ordinary shares on vesting. Share Scheme: Share Plan Name of recipient: RG Jacob – executive director Nature of transaction: Performance Shares awarded in terms of the Share Plan Date of Award: 20 August 2020 Date of acceptance of Award: 1 September 2020 Number of shares awarded: 932 150 Per share value of Award: R2.2828 Value of Award: Performance Shares R2 127 912.02 Vesting date: 19 August 2023 Nature of interest: Direct beneficial Share Scheme: Share Plan Name of recipient: W Fitchat – company secretary Nature of transaction: Performance Shares awarded in terms of the Share Plan Date of Award: 20 August 2020 Date of acceptance of Award: 1 September 2020 Number of shares awarded: 195 727 Per share value of Award: R2.2828 Value of Award: Performance Shares R446 805.60 Vesting date: 19 August 2023 Nature of interest: Direct beneficial Share Scheme: Share Plan Name of recipient: Ms MA Janneker – director of major subsidiary Name of subsidiary: Hulamin Operations Proprietary Limited Nature of transaction: Performance Shares awarded in terms of the Share Plan Date of Award: 20 August 2020 Date of acceptance of Award: 1 September 2020 Number of shares awarded: 335 829 Per share value of Award: R2.2828 Value of Award: Performance Shares R766 630.44 Vesting date: 19 August 2023 Nature of interest: Direct beneficial The above values of the Awards are deemed values based on a 30-day volume-weighted average price (VWAP) of a Hulamin share of R2.2828 as at 31 December 2019 calculated in terms of the guidelines of the Share Plan. The transactions took place off-market and the requisite clearances have been obtained. Pietermaritzburg 2 September 2020 Sponsor Questco Corporate Advisory Proprietary Limited Date: 02-09-2020 11:00:00 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.