Hudaco Industries Limited (JSE:HDC) News - Director's dealing in securities 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 DIRECTOR’S DEALING IN SECURITIES Name of the company : Hudaco Name of director : CV Amoils Designation : Financial director Date of transactions : 22 February 2022 Nature of transaction 1 : Exercise at a VWAP price of R156.94 of 14 054 share appreciation rights with a strike price of R92.04 and expiring in July 2022, under the Hudaco Industries Share Appreciation Plan (off market). Settled by the delivery of 5 811 Hudaco ordinary shares, purchased by the company (on market) at an average price of R148.60 per share, with lowest and highest prices per share of R146.80 and R151.40, respectively. Value of transaction 1 : R863 503.74 Nature of transaction 2 : Exercise at a VWAP price of R156.94 of 7 600 share appreciation rights with a strike price of R125.24 and expiring in July 2022, under the Hudaco Industries Share Appreciation Plan (off market). Settled by the delivery of 1 535 Hudaco ordinary shares, purchased by the company (on market) at an average price of R148.60 per share, with lowest and highest prices per share of R146.80 and R151.40, respectively. Value of transaction 2 : R228 098.13 Nature of transaction 3 : Sale of 3 469 Hudaco ordinary shares at the current market price of R148.50 per share (on market) to settle the tax liability arising on transactions 1 and 2. Value of transaction 3: : R515 146.50 Nature of interest : Direct beneficial Written clearance obtained : Yes Edenvale 23 February 2022 Sponsor Nedbank Corporate and Investment Banking, a division of Nedbank Limited Date: 23-02-2022 02:39:00 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.