Fulfilment of Suspensive Conditions

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


FULFILMENT OF SUSPENSIVE CONDITIONS FOR THE ACQUISITION OF THE TRADING ASSETS AND
LIABILITIES OF INSULATION ADVANCED TECHNOLOGIES PROPRIETARY LIMITED, ISOTEC
BALANCING PROPRIETARY LIMITED, ISOMEC PROPRIETARY LIMITED AND MOHOLI SUPPLIES PROPRIETARY LIMITED


Shareholders are referred to the announcement released on SENS on 20 January 2025 wherein they
were advised that Hudaco has signed an agreement to acquire the trading assets and liabilities of
Insulation Advanced Technologies Proprietary Limited, Isotec Balancing Proprietary Limited, Isomec
Proprietary Limited and Moholi Supplies Proprietary Limited (collectively "Isotec"), subject to the
fulfilment of all suspensive conditions, which included the satisfactory completion of a due diligence
and approval from the competition authorities.

Shareholders are advised that all suspensive conditions have now been fulfilled so the acquisition is
unconditional. The effective date of the transaction is 1 May 2025.

Johannesburg
5 May 2025

Sponsor to Hudaco
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Corporate Adviser to Isotec
Merchantec Capital

Date: 05-05-2025 10:22:00
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