HUDACO INDUSTRIES LIMITED
(“Hudaco” or the “Company”)
Incorporated in the Republic of South Africa
Registration number 1985/004617/06
Share code: HDC & ISIN: ZAE000003273

DEALING IN SECURITIES BY DIRECTORS

 Name of company                          :    Hudaco

 Name of director                         :    GR Dunford

 Designation                              :    Chief executive

 Number of share appreciation rights      :    122 100 Hudaco share appreciation rights
 awarded and accepted

 Strike price                             :    R146.50 per share, based on a 10-day VWAP at the date of the award

 Value of transaction                     :    R17 887 650.00

 Vesting period                           :    Subject to certain performance criteria, 40 700 rights vest 3 years from the
                                               allocation date, with another 40 700 vesting in year 4 and the balance in
                                               year 5.

 Date of award                            :    29 July 2022

 Date of acceptance                       :    3 August 2022

 Nature of transaction                    :    Award and acceptance of share appreciation rights in the normal course of
                                               employment (off market).

 Nature of interest                       :    Direct beneficial

 Written clearance to deal                :    Yes


 Name of company                          :    Hudaco

 Name of director                         :    CV Amoils

 Designation                              :    Group financial director

 Number of share appreciation rights      :    28 900 Hudaco share appreciation rights
 awarded and accepted

 Strike price                             :    R146.50 per share, based on a 10-day VWAP at the date of the award

 Value of transaction                     :    R4 233 850.00

 Vesting period                           :    Subject to certain performance criteria, 17 305 rights vest 3 years from the
                                               allocation date and the balance a year thereafter.

 Date of award                            :    29 July 2022

 Date of acceptance                       :    3 August 2022

 Nature of transaction                    :    Award and acceptance of share appreciation rights in the normal course of
                                               employment (off market).

 Nature of interest                       :    Direct beneficial

 Written clearance to deal                :    Yes
 Name of company                        :   Hudaco

 Name of director                       :   LFJ Meiring

 Designation                            :   Executive director

 Number of share appreciation rights    :   50 640 Hudaco share appreciation rights
 awarded and accepted

 Strike price                           :   R146.50 per share, based on a 10-day VWAP at the date of the award

 Value of transaction                   :   R7 418 760.00

 Vesting period                         :   Subject to certain performance criteria, 16 880 rights vest 3 years from the
                                            allocation date, with another 16 880 vesting in year 4 and the balance in
                                            year 5.

 Date of award                          :   29 July 2022

 Date of acceptance                     :   3 August 2022

 Nature of transaction                  :   Award and acceptance of share appreciation rights in the normal course of
                                            employment (off market).

 Nature of interest                     :   Direct beneficial

 Written clearance to deal              :   Yes




EDENVALE
4 August 2022
Sponsor: Nedbank Corporate and Investment Banking, a division of Nedbank Limited