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, 30 March 2023 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. Resolution Number of Percentage For** Against** Abstained* shares voted of voteable % % % shares in issue* % Ordinary Resolution Number 1.1 21 996 358 77.48 90.42 9.58 0.48 To re-elect directors retiring by rotation: SJ Connelly Ordinary Resolution Number 1.2 20 952 823 73.81 91.52 8.48 4.16 To re-elect directors retiring by rotation: D Naidoo Ordinary Resolution Number 1.3 21 995 158 77.48 94.49 5.51 0.48 To re-elect directors retiring by rotation: CV Amoils Ordinary Resolution Number 2 21 990 762 77.46 99.95 0.05 0.50 To elect EJ Smith as an alternate director appointed since the previous AGM Ordinary Resolution Number 3: 21 996 828 77.49 98.75 1.25 0.48 To approve the re-appointment of external auditors Ordinary Resolution Number 4.1: 21 996 358 77.48 90.40 9.60 0.48 Appointment of the members of the audit and risk management committee: D Naidoo Ordinary Resolution Number 4.2: 21 995 158 77.48 98.56 1.44 0.48 Appointment of the members of the audit and risk management Committee: N Mandindi Ordinary Resolution Number 4.3: 21 996 358 77.48 99.67 0.33 0.48 Appointment of the members of the audit and risk management Committee: MR Thompson Special Resolution Number 1: 21 974 411 77.41 99.94 0.06 0.56 Approval of non-executive directors’ remuneration Non-binding Resolution Number 1: 21 994 858 77.48 79.77 20.23 0.49 Approval of Hudaco’s remuneration policy Non-binding Resolution Number 2: 21 974 411 77.41 79.75 20.25 0.56 Approval of Hudaco’s remuneration implementation report Special Resolution Number 2: 21 975 611 77.41 100.00 0.00 0.55 Authorising the provision of financial assistance to subsidiaries Special Resolution Number 3: 21 974 419 77.41 100.00 0.00 0.56 General authority to repurchase shares up to 1 544 799 of the ordinary shares (5% of the shares in issue) Ordinary Resolution Number 5: 21 996 358 77.48 73.33 26.67 0.48 General authority to directors to allot and issue up to 1 544 799 authorised but unissued ordinary shares (5% of shares in issue) Ordinary Resolution Number 6: 21 996 358 77.48 100.00 0.00 0.48 Signature of documents * Based on 28 388 152 voteable shares (being 30 895 980 shares in issue as at the date of the AGM, minus 2 507 828 treasury shares held by a subsidiary of Hudaco). ** As a percentage of shares voted at AGM. Comments by the CEO on 2023 first quarter trading During the meeting, Graham Dunford, chief executive of Hudaco, made the following comments on trading for the first quarter: “Hudaco’s first quarter comprises the holiday months of December and January, as well as the short month of February, so is never a reliable indicator of Hudaco’s full year performance. This year, not only has there been no marked improvement in the governance or the services in the country, we now have the added burdens of more intense load-shedding and higher interest rates, both of which have negatively affected the economy and business confidence. Undoubtedly, the general trading conditions have been tougher than in the first quarter of 2022. While it is premature for a meaningful assessment on the rest of the year, we are pleased that Hudaco’s attributable earnings for the first quarter have matched those of the equivalent period last year.” Johannesburg 30 March 2023 Sponsor Nedbank Corporate and Investment Banking, a division of Nedbank Limited