Results of annual general meeting HUDACO INDUSTRIES LIMITED (Incorporated in the Republic of South Africa) Registration Number 1985/004617/06 Share Code: HDC ISIN: ZAE000003273 (“Hudaco” or “the company”) Results of annual general meeting Hudaco shareholders are advised that the voting results for the annual general meeting (“the AGM”) held at the registered offices of the Company on Thursday, 17 March 2022 are set out below. Based on the voting results, all resolutions were passed by the requisite majority of Hudaco shareholders present in person or represented by proxy at the AGM, except for Special Resolution Number 4: Amendment of clause 21.6 of the company’s MOI, which required a 75% majority. Resolution Number of Percentage For** Against** Abstained* shares voted of voteable % % % shares in issue* % Ordinary Resolution Number 1.1 24 531 180 81.90 99.97 0.03 0.29 To re-elect directors retiring by rotation: MR Thompson Ordinary Resolution Number 1.2 24 531 180 81.90 99.98 0.02 0.29 To re-elect directors retiring by rotation: N Mandindi Ordinary Resolution Number 1.3 24 531 180 81.90 99.97 0.03 0.29 To re-elect directors retiring by rotation: GR Dunford Ordinary Resolution Number 2: 24 532 150 81.91 98.33 1.67 0.29 To approve the appointment of external auditors Ordinary Resolution Number 3.1: 24 476 328 81.72 94.70 5.30 0.48 Appointment of the members of the audit and risk management committee: D Naidoo Ordinary Resolution Number 3.2: 24 476 328 81.72 99.05 0.95 0.48 Appointment of the members of the audit and risk management Committee: N Mandindi Ordinary Resolution Number 3.3: 24 476 328 81.72 99.97 0.03 0.48 Appointment of the members of the audit and risk management Committee: MR Thompson Special Resolution Number 1: 24 428 252 81.56 99.97 0.03 0.64 Approval of non-executive directors’ remuneration Non-binding Resolution Number 24 427 782 81.56 82.18 17.82 0.64 1: Approval of Hudaco’s remuneration policy Resolution Non-binding Resolution Number 24 427 782 81.56 82.20 17.80 0.64 2: Approval of Hudaco’s remuneration implementation report Special Resolution Number 2: 24 530 880 81.90 100.00 0.00 0.29 Authorising the provision of financial assistance to subsidiaries Special Resolution Number 3: 24 527 540 81.89 100.00 0.00 0.30 General authority to repurchase shares up to 1 625 986 of the ordinary shares (5% of the shares in issue) Ordinary Resolution Number 4: 24 530 880 81.90 79.85 20.15 0.29 General authority to directors to allot and issue up to 1 625 986 authorised but unissued ordinary shares (5% of shares in issue) Special Resolution Number 4: 24 428 872 81.56 69.54 30.46 0.63 Amendment of clause 21.6 of the company’s MOI Ordinary Resolution Number 5: 24 531 650 81.91 99.99 0.01 0.29 Signature of documents * Based on 29 951 012 voteable shares (being 32 519 720 shares in issue as at the date of the AGM, minus 2 507 828 treasury shares held by a subsidiary of Hudaco as well as 60 880 shares held by the company and which will be cancelled in due course.) ** As a percentage of shares voted at AGM. Comments by the CEO on 2022 first quarter trading During the meeting, Graham Dunford, chief executive of Hudaco, made the following comments on trading for the first quarter: In the prospects section of our 2021 results announcement released at the end of January 2022, we indicated that we were quietly optimistic about the year ahead and that we believed that the momentum and market share gains our businesses achieved in 2021 would continue. The 2022 financial year has indeed started well and our trading for the first quarter has been well ahead of 2021, so we retain the optimism we expressed in January. We are not able to predict the indirect impact on Hudaco of the Russian invasion of Ukraine, which may exacerbate problems in the international supply chain and have a broad effect on the world economy, but the direct impact should be negligible because products sourced from those countries are minimal. Johannesburg 17 March 2022 Sponsor Nedbank Corporate and Investment Banking, a division of Nedbank Limited Date: 17-03-2022 02:05:00 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.