Notification of acquisition of ordinary shares

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

NOTIFICATION OF ACQUISITION OF ORDINARY SHARES

In compliance with section 122(3)(b) of the Companies Act, 71 of 2008 (the "Companies Act"), Regulation
121(2)(b) of the Companies Act Regulations 2011 and paragraph 3.83(b) of the JSE Listings Requirements,
shareholders are advised that Hudaco has received formal notification that Invesco Advisers, Inc. ("Invesco
Advisers") has acquired an interest in Hudaco ordinary shares, such that the total interest in Hudaco ordinary
shares held by Invesco Advisers now amounts to 5.24% of Hudaco's total issued shares.

The board of Hudaco accepts responsibility for the information contained in this announcement and confirms
that, to the best of their knowledge and belief, such information is true and this announcement does not omit
anything likely to affect the importance of such information included.

As required in terms of section 122(3)(a) of the Companies Act, the Company has filed the required notice
with the Takeover Regulation Panel.


27 October 2023

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

Date: 27-10-2023 11:26:00
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