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 1:             16 February 2023

Nature of transaction 1:           Acquisition of 48 882 Hudaco ordinary shares
                                   at a price of R169.00 per share (on market) in
                                   terms of the rules of Hudaco’s retention-based
                                   Share Matching Scheme. The shares are paid for by
                                   the company and match Hudaco shares invested in
                                   the scheme by the executive in 2020 and retained
                                   to date.

Value of transaction 1:            R8 261 058

Date of transaction 2:             16 February 2023

Nature of transaction 2:           Sale of 22 244 Hudaco ordinary shares at a price
                                   of R169.00 per share (on market). These shares
                                   were acquired in the share matching transaction
                                   referred to above and were sold to fund the tax
                                   liability arising thereon.

Value of transaction 2:            R3 759 236

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 1:             16 February 2023

Nature of transaction 1:           Acquisition of 24 319 Hudaco ordinary shares
                                   at a price of R169.00 per share (on market) in
                                   terms of the rules of Hudaco’s retention-based
                                   Share Matching Scheme. The shares are paid for by
                                   the company and match Hudaco shares invested in
                                   the scheme by the executive in 2020 and retained
                                   to date.

Value of transaction 1:            R4 109 911

Date of transaction 2:             16 February 2023

Nature of transaction 2:           Sale of 11 065 Hudaco ordinary shares at a price
                                   of R169.00 per share (on market). These shares
                                   were acquired in the share matching transaction
                                  referred to above and were sold to fund the tax
                                  liability arising thereon.

Value of transaction 2:           R1 869 985

Nature of interest:               Direct beneficial

Clearance obtained:               Yes

Name of the company:              Hudaco

Name of director:                 LFJ Meiring

Designation:                      Executive director

Date of transaction 1:            16 February 2023

Nature of transaction 1:          Acquisition of 21 052 Hudaco ordinary shares
                                  at a price of R169.00 per share (on market) in
                                  terms of the rules of Hudaco’s retention-based
                                  Share Matching Scheme. The shares are paid for by
                                  the company and match Hudaco shares invested in
                                  the scheme by the executive in 2020 and retained
                                  to date.

Value of transaction 1:           R3 557 788

Date of transaction 2:            16 February 2023

Nature of transaction 2:          Sale of 9 578 Hudaco ordinary shares at a price
                                  of R169.00 per share (on market). These shares
                                  were acquired in the share matching transaction
                                  referred to above and were sold to fund the tax
                                  liability arising thereon.

Value of transaction 2:           R1 618 682

Nature of interest:               Direct beneficial

Clearance obtained:               Yes

Johannesburg
20 February 2023


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