HUDACO INDUSTRIES LIMITED - Dealing in Securities by Directors

Dealing in Securities by Directors

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

DEALING IN SECURITIES BY DIRECTORS

 Name of company                          :    Hudaco

 Name of director                         :    GR Dunford

 Designation                              :    Chief executive

 Number of share appreciation rights      :    41 625 Hudaco share appreciation rights
 awarded and accepted

 Strike price                             :    R189.20 per share, based on a 10-day Volume Weighted Average Price
                                               ("VWAP") at the date of the award

 Value of transaction                     :    R7 875 450.00

 Vesting period                           :    Subject to certain performance criteria, the rights vest 3 years from the
                                               allocation date.

 Date of award                            :    21 July 2026

 Date of acceptance                       :    3 August 2026

 Nature of transaction                    :    Award and acceptance of share appreciation rights in respect of ordinary
                                               shares in the normal course of employment (off market).

 Nature of interest                       :    Direct beneficial

 Written clearance to deal                :    Yes


 Name of company                          :    Hudaco

 Name of director                         :    EJ Smith

 Designation                              :    Executive director

 Number of share appreciation rights      :    39 000 Hudaco share appreciation rights
 awarded and accepted

 Strike price                             :    R189.20 per share, based on a 10-day VWAP at the date of the award

 Value of transaction                     :    R7 378 800.00

 Vesting period                           :    Subject to certain performance criteria, 13 000 rights vest 3 years from the
                                               allocation date, with another 13 000 vest in year 4 and the balance in year
                                               5.

 Date of award                            :    21 July 2026

 Date of acceptance                       :    31 July 2026

 Nature of transaction                    :    Award and acceptance of share appreciation rights in respect of ordinary
                                               shares in the normal course of employment (off market).

 Nature of interest                       :    Direct beneficial
  
 Written clearance to deal                :    Yes


Edenvale
3 August 2026

Sponsor

Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 03-08-2026 05:16:00
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