Dealing in securities by director

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 DIRECTOR


 Name of the company                 :     Hudaco

 Name of director                    :     LFJ Meiring

 Designation                         :     Executive director

 Nature of transactions 1 and 2      :     Exercise on 19 October 2023 at a VWAP
                                           price of R154.80 of share appreciation
                                           rights with a strike price, under the
                                           Hudaco Industries Share Appreciation
                                           Plan (off market), as set out below.

                                           Settled by the delivery of Hudaco
                                           ordinary shares, purchased on 20
                                           October 2023 by the company (on market)
                                           at an average price of R155.5098 per
                                           share, with lowest and highest prices
                                           per share of R153.19 and R156.00,
                                           respectively.

                                                     No of
                                                    shares
                 No of share                     purchased
                appreciation      Strike               and       Value of
  Transaction         rights       price         delivered    transaction
  number           exercised         (R)         to settle            (R)
  1                   36 588      117.27             8 870   1 379 371.93
  2                   47 333       68.37            26 427   4 109 657.48

 Date of transaction 3               :     20 October 2023

 Nature of transaction 3             :     Sale of 15 885 Hudaco ordinary shares
                                           at the current market price of R155.49
                                           per share (on market) to settle the tax
                                           liability arising on transactions 1 and
                                           2.

 Value of transaction 3:             :     R2 469 958.65

 Nature of interest                  :     Direct beneficial

 Written clearance obtained          :     Yes

Edenvale
23 October 2023

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

Date: 23-10-2023 01:35:00
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.