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Hudaco Industries Limited - Dealing In Securities By A Director                 
HUDACO INDUSTRIES LIMITED                                                       
(Incorporated in the Republic of South Africa)                                  
Registration Number 1985/004617/06)                                             
Share Code: HDC ISIN: ZAE000003273                                              
DEALING IN SECURITIES BY A DIRECTOR                                             
In terms of paragraphs 3.63 - 3.65 of the Listings Requirements of the JSE      
Securities Exchange South Africa, the following information, relating to the    
dealing in securities by a director, is disclosed:                              
Executive director:           G E Gardiner                                      
Transaction date:             28 July 2004                                      
Class of securities:          Ordinary shares                                   
Number of shares:             1 200                                             
Price:                        R24,97                                            
Value of transaction:         R29 964                                           
Nature of transaction:        Sale on the open market                           
Nature of interest:           Direct beneficial                                 
Clearance to deal obtained:   Yes                                               
29 July 2004                                                                    
Sponsor                                                                         
Nedbank Capital

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