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Tue 19 Jul 2011, 17:09 HDC - Hudaco Industries Limited - Dealing in securities by directors and the
HDC
HDC                                                                             
HDC - Hudaco Industries Limited - Dealing in securities by directors and the    
company secretary                                                               
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                                                         
DEALING IN SECURITIES BY DIRECTORS AND THE COMPANY SECRETARY                    
Name of the company       :  Hudaco                                             
                                                                                
Name of director          :  SJ Connelly                                        
                                                                                
Designation               :  Chief Executive                                    
                                                                                
Number of share           :  58 000 Hudaco share appreciation rights            
appreciation rights                                                             
allocated and accepted                                                          
                                                                                
Strike price              :  R81.05 per share                                   
                                                                                
Value of transaction      :  R4 700 900                                         
                                                                                
Vesting period            :  Subject to certain performance criteria, 1/3       
                            of the allocation vests 3 years from the            
                            allocation date, with another 1/3 vesting in        
                            year 4 and the balance in year 5.                   

Date of acceptance        :  19 July 2011                                       
                                                                                
Nature of transaction     :  Grant and acceptance of share appreciation         
rights in the normal course of employment (Off      
                            market)                                             
                                                                                
Nature of interest        :  Direct beneficial                                  

                                                                                
Name of the company       :  Hudaco                                             
                                                                                
Name of director          :  CV Amoils                                          
                                                                                
Designation               :  Group Financial Director                           
                                                                                
Number of share           :  27 000 Hudaco share appreciation rights            
appreciation rights                                                             
allocated and accepted                                                          
                                                                                
Strike price              :  R81.05 per share                                   
                                                                                
Value of transaction      :  R2 188 350                                         
                                                                                
Vesting period            :  Subject to certain performance criteria, 1/3       
                            of the allocation vests 3 years from the            
                            allocation date, with another 1/3 vesting in        
                            year 4 and the balance in year 5.                   

Date of acceptance        :  19 July 2011                                       
                                                                                
Nature of transaction     :  Grant and acceptance of share appreciation         
rights in the normal course of employment(Off       
                            market)                                             
                                                                                
Nature of interest        :  Direct beneficial                                  

                                                                                
Name of the company       :  Hudaco                                             
                                                                                
Name of director          :  GR Dunford                                         
                                                                                
Designation               :  Director                                           
                                                                                
Number of share           :  26 000 Hudaco share appreciation rights            
appreciation rights                                                             
allocated and accepted                                                          
                                                                                
Strike price              :  R81.05 per share                                   
                                                                                
Value of transaction      :  R2 107 300                                         
                                                                                
Vesting period            :  Subject to certain performance criteria, 1/3       
                            of the allocation vests 3 years from the            
                            allocation date, with another 1/3 vesting in        
                            year 4 and the balance in year 5.                   

Date of acceptance        :  19 July 2011                                       
                                                                                
Nature of transaction     :  Grant and acceptance of share appreciation         
rights in the normal course of employment(Off       
                            market)                                             
                                                                                
Nature of interest        :  Direct beneficial                                  

                                                                                
Name of the company       :  Hudaco                                             
                                                                                
Name of officer           :  R Wolmarans                                        
                                                                                
Designation               :  Group Company Secretary                            
                                                                                
Number of share           :  4 000 Hudaco share appreciation rights             
appreciation rights                                                             
allocated and accepted                                                          
                                                                                
Strike price              :  R81.05 per share                                   
                                                                                
Value of transaction      :  R324 200                                           
                                                                                
Vesting period            :  Subject to certain performance criteria, 1/3       
                            of the allocation vests 3 years from the            
                            allocation date, with another 1/3 vesting in        
                            year 4 and the balance in year 5                    

Date of acceptance        :  19 July 2011                                       
                                                                                
Nature of transaction     :  Grant and acceptance of share appreciation         
rights in the normal course of employment(Off       
                            market)                                             
                                                                                
Nature of interest        :  Direct beneficial                                  
Edenvale                                                                        
19 July 2011                                                                    
Sponsor                                                                         
Nedbank Capital                                                                 
Date: 19/07/2011 17:09:27 Produced by the JSE SENS Department.                  
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