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        : 16 February 2023

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 4 April
                             2023 shares up to the value of R5 616 675. On
                             16 February 2023, based on the previous trading day’s
                             VWAP price of R165.82 per share, he committed (off
                             market)33 872 Hudaco shares to the scheme. These shares
                             will be held in his share matching scheme account for a
                             period of three years to 15 February 2026, at which
                             date he will have the right to require the company to
                             purchase Hudaco shares for his benefit in accordance
                             with the rules of the scheme, on condition that he is
                             still in the company's employ at that date.

Value of transaction       : R5 616 655,04

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        : 16 February 2023

Nature of transaction      : 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 4 April
                             2023 shares up to the value of R2 824 900. On
                             16 February 2023, based on the previous trading day’s
                             VWAP price of R165.82 per share, he committed (off
                             market)17 035 Hudaco shares to the scheme. These shares
                             will be held in his share matching scheme account for a
                             period of three years to 15 February 2026, at which
                             date he will have the right to require the company to
                             purchase Hudaco shares for his benefit in accordance
                             with the rules of the scheme, on condition that he is
                             still in the company's employ at that date.

Value of transaction       : R2 824 743.70

Nature of interest         : Direct beneficial.

Clearance obtained         : Yes

Name of the company        : Hudaco
Name of director          : LFJ Meiring

Designation               : Executive director

Date of transaction       : 16 February 2023

Nature of transaction      : In terms of the retention focused Hudaco share matching
                             scheme, based on his short-term bonus formula, Louis
                             Meiring was entitled to commit to the scheme by 4 April
                             2023 shares up to the value of R2 756 000. On
                             16 February 2023, based on the previous trading day’s
                             VWAP price of R165.82 per share, he committed (off
                             market)16 620 Hudaco shares to the scheme. These shares
                             will be held in his share matching scheme account for a
                             period of three years to 15 February 2026, at which
                             date he will have the right to require the company to
                             purchase Hudaco shares for his benefit in accordance
                             with the rules of the scheme, on condition that he is
                             still in the company's employ at that date.

Value of transaction      : R2 755 928.40

Nature of interest        : Direct beneficial.

Clearance obtained        : Yes


Johannesburg
16 February 2023

Sponsor: Nedbank Corporate and Investment Banking, a division of Nedbank Limited