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Thu 25 Jul 2019, 13:17 HUDACO INDUSTRIES LIMITED - Officers dealing in securities
HDC 201907250033A
Officer'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

OFFICER'S DEALING IN SECURITIES

 Name of the company                :   Hudaco

 Name of officer                    :   R van Zyl

 Designation                        :   Company secretary

 Date of transactions               :   24 July 2019

 Nature of transaction 1            :   Exercise of 3 500 share appreciation
                                        rights with a strike price of R109.26
                                        under the Hudaco Industries Share
                                        appreciation Plan at a VWAP price of
                                        R117.26.

                                        Settled by the delivery of 238 Hudaco
                                        ordinary shares (off market).

 Value of transaction 1             :   R27 900.74

 Nature of transaction 2            :   Sale of 107 Hudaco ordinary shares at
                                        the current market price of R117.23 per
                                        share (on market) to settle the tax
                                        liability arising on transaction 1.

 Value of transaction 2:            :   R12 543.61

 Nature of interest                 :   Direct beneficial

 Written clearance obtained         :   Yes


Edenvale
25 July 2019

Sponsor
Nedbank Corporate and Investment Banking

Date: 25/07/2019 01:17:00
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