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Wed 5 Sep 2007, 9:43 HLM - Hulamin- Granting of rights to participate i
HLM
 HLM                                                                             
HLM - Hulamin- Granting of rights to participate in Share Incentive Plans       
HULAMIN LIMITED                                                                 
Incorporated in the Republic of South Africa                                    
(Registration number: 1940/013924/06)                                           
ISIN: ZAE000096210                                                              
Share Code: HLM                                                                 
HULAMIN LIMITED - GRANTING OF RIGHTS TO PARTICIPATE IN SHARE INCENTIVE PLANS    
Share appreciation rights in respect of B2 ordinary shares.  The rights are not 
subject to performance conditions but their appreciation is capped at 10% per   
annum and they vest after five years.  They were issued at a grant price of     
R21.44.                                                                         
M Z Mkhize               218 930 rights      Direct Beneficial                  
Share appreciation rights in respect of B3 ordinary shares.  The rights are not 
subject to performance conditions but their appreciation is capped at 10% per   
annum and they vest after five years.  They were issued at a Nil grant price.   
M Z Mkhize               73 110 rights       Direct Beneficial                  
Approval for the individual allocations and clearance to transact has been      
given.                                                                          
5 September 2007                                                                
Pietermaritzburg                                                                
Sponsor                                                                         
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
Date: 05/09/2007 09:43:01 Produced by the JSE SENS Department.                  
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