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HUDACO INDUSTRIES LIMITED - Directors’ Dealings in Securities

2024/04/29 11:10:00

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                    Directors’ Dealings 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


DIRECTORS' DEALINGS IN SECURITIES


Name of Company: Hudaco

Nature of transactions: In terms of the vesting rules of Hudaco's retention-based Share Matching Scheme, the company acquired Hudaco ordinary
shares ('Shares') on market for certain directors. The Shares are paid for by the company and match Shares invested in the scheme by the directors
in 2021 and retained to date. The directors elected to sell a portion of their Shares on market to fund the tax liability arising on the benefit derived
from the Share matching. Full details of the transactions are set out in the table below.

Nature of interests: All are direct beneficial.

Clearance obtained: Yes for all.

 Transaction number    Transaction         Nature of       Quantity of        Average price      Highest        Lowest        Value of
                       date                transaction     Shares             per Share          price per      price per     transaction
                                                                              (R)                Share          Share         (R)
                                                                                                 (R)            (R)
 GR Dunford – Chief executive
         1             19 April 2024       Purchase*       11 390             159.86240          161.00         159.50         1 820 832.74
         2             19 April 2024       Sale            4 626              159.86000          159.86         159.86         739 512.36
         3             22 April 2024       Purchase*       3 454              159.94298          161.95         157.50         552 443.07
         4             22 April 2024       Sale            1 403              158.57000          158.57         158.57         222 473.71
         5             23 April 2024       Purchase*       27 215             167.01046          169.97         160.20         4 545 189.79
         6             23 April 2024       Sale            19 189             167.01000          167.01         167.01         3 204 754.89
         7             25 April 2024       Purchase*       64 759             161.04173          163.00         161.00         10 428 901.45
         8             25 April 2024       Sale            29 646             161.02000          161.02         161.02         4 773 598.92

 CV Amoils – Group financial director
         1             19 April 2024       Purchase*       5666               159.86240          161.00         159.50         905 780.36
         2             19 April 2024       Sale            2302               159.86000          159.86         159.86         367 997.72
         3             22 April 2024       Purchase*       1718               159.94298          161.95         157.50         274 782.05
         4             22 April 2024       Sale            698                158.57000          158.57         158.57         110 681.86
         5             23 April 2024       Purchase*       13540              167.01046          169.97         160.20         2 261 321.69
         6             23 April 2024       Sale            9546               167.01000          167.01         167.01         1 594 277.46
         7             25 April 2024       Purchase*       32219              161.04173          163.00         161.00         5 188 603.53
         8             25 April 2024       Sale            14749              161.02000          161.02         161.02         2 374 883.98

 EJ Smith – Executive director
         1             19 April 2024       Purchase*       1939               159.86240          161.00         159.50         309 973.19
         2             19 April 2024       Sale            690                159.86000          159.86         159.86         110 303.40
         3             22 April 2024       Purchase*       588                159.94298          161.95         157.50         94 046.47
         4             22 April 2024       Sale            209                158.57000          158.57         158.57         33 141.13
         5             23 April 2024       Purchase*       4632               167.01046          169.97         160.20         773 592.47
         6             23 April 2024       Sale            2862               167.01000          167.01         167.01         477 982.62
         7             25 April 2024       Purchase*       11023              161.04173          163.00         161.00         1 775 163.00
         8             25 April 2024       Sale            4421               161.02000          161.02         161.02         711 869.42


*Purchased by the company for the director

Johannesburg
29 April 2024

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

Date: 29-04-2024 11:10:00
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