HUDACO INDUSTRIES LIMITED - Results of Annual General Meeting

Results of Annual General Meeting

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

RESULTS OF ANNUAL GENERAL MEETING

Hudaco shareholders are advised that the voting results for the annual general meeting (the "AGM") held at the
registered offices of the Company on Thursday, 26 March 2026 are set out below. Based on the voting results,
all resolutions were passed by the requisite majority of Hudaco shareholders present in person or represented
by proxy at the AGM.

 Resolution                                 Number of    Percentage of       For**    Against    Abstained
                                               shares        shares in           %         **            *
                                                voted           issue*                      %            %
                                                                      %
 Ordinary Resolution Number 1.1:            22 245 312            72.00      98.13        1.87         0.93
 To re-elect directors retiring by
 rotation: MR Thompson
 Ordinary Resolution Number 1.2:            22 245 312            72.00      98.18        1.82         0.93
 To re-elect directors retiring by
 rotation: EJ Smith
 Ordinary Resolution Number 2:              22 245 312            72.00     100.00        0.00         0.93
 To elect ET Moabi as an independent
 non-executive director, who was
 appointed since the previous AGM
 Ordinary Resolution Number 3:              22 245 312            72.00      99.37        0.63         0.93
 To approve the re-appointment of
 external auditors
 Ordinary Resolution Number 4.1:            22 245 312            72.00      99.95        0.05         0.93
 Appointment of the members of the
 audit and risk management
 committee: B Bulo
 Ordinary Resolution Number 4.2:            22 245 312            72.00     100.00        0.00         0.93
 Appointment of the members of the
 audit and risk management
 committee: ET Moabi (subject to the
 passing of Ordinary Resolution
 Number 2)
 Ordinary Resolution Number 4.3:            22 245 312            72.00      98.17        1.83         0.93
 Appointment of the members of the
 audit and risk management
 committee: MR Thompson (subject to
 the passing of Ordinary Resolution
 Number 1.1)
 Ordinary Resolution 5.1                    22 245 312            72.00      99.95        0.05         0.93
 Appointment of the members of the
 social and ethics committee:
 ET Moabi (subject to the passing of
 Ordinary Resolution Number 2)
 Ordinary Resolution 5.2                    22 245 312            72.00     100.00        0.00         0.93
    Appointment of the members of the
    social and ethics committee:
    B Bulo
    Ordinary Resolution 5.3                   22 245 312             72.00      98.23        1.77         0.93
    Appointment of the members of the
    social and ethics committee:
    EJ Smith (subject to the passing of
    Ordinary Resolution Number 1.2)
    Special Resolution Number 1:              22 245 312             72.00      99.95        0.05         0.93
    Approval of non-executive directors'
    remuneration
    Non-binding Resolution Number 1:          22 001 053             71.21      77.79      22.21          1.72
    Approval of Hudaco's remuneration
    policy
    Non-binding Resolution Number 2:          22 001 053             71.21      81.44      18.56          1.72
    Approval of Hudaco's remuneration
    implementation report
    Ordinary Resolution Number 6:             22 245 312             72.00      99.95        0.05         0.93
    General authority to repurchase up to
    1 544 799 of the ordinary shares (5%
    of the shares in issue)
    Ordinary Resolution Number 7:             22 245 312             72.00      77.81      22.19          0.93
    General authority to directors to allot
    and issue up to 1 544 799 authorised
    but unissued ordinary shares (5% of
    the shares in issue)
    Ordinary Resolution Number 8:             22 245 312             72.00        100        0.00         0.93
    Signature of documents


*        Based on 30 895 980 ordinary shares in issue as at the date of the AGM. This includes 2 507 828 treasury
         shares held by a subsidiary of Hudaco, which shares may not be voted.
**       As a percentage of shares voted at the AGM.

Comments by the CEO on 2026 first quarter trading.

During the meeting, Graham Dunford, chief executive of Hudaco, made the following comments on trading for
the first quarter:

Hudaco's first quarter includes the holiday months of December and January, so it is not usually a reliable
indicator of how the year will unfold. It has only been a few weeks since our results presentation, where we
outlined our prospects for the year. Performance up to the end of February has been satisfactory and those
views remain unchanged. We remain cautiously optimistic, notwithstanding the current turmoil in the Middle
East.


Johannesburg
26 March 2026

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

Date: 26-03-2026 05:12:00
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