HUDACO INDUSTRIES LIMITED - Dealing in Securities by Director

Dealing in Securities by Director

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

DEALING IN SECURITIES BY DIRECTOR

 Name of the company                :     Hudaco

 Name of director                   :     EJ Smith

 Designation                        :     Executive director

 Date of transactions 1 to 3        :     3 March 2026

 Nature of transactions 1 to 3      :     Exercise at a VWAP price of R211.03 of
                                          share appreciation rights with a strike
                                          price, under the Hudaco Industries
                                          Share Appreciation Plan (off market),
                                          as set out below.

                                          Settled by the delivery of Hudaco
                                          ordinary shares, purchased by the
                                          company (on market) as follows:

                                          28 390 shares on 3 March 2026 at an
                                          average price of R195.97899 per share,
                                          with lowest and highest prices per
                                          share of R195.33.00 and R197.51,
                                          respectively.

                                                     No of
                                                    shares
                  No of share                    purchased
                 appreciation     Strike               and       Value of
  Transaction          rights      price         delivered    transaction
  number            exercised        (R)         to settle            (R)
  1                    29 166      68.37            19 716   3 863 921.77
  2                    13 164     124.91             5 372   1 052 799.13
  3                    10 800     146.50             3 302     647 122.63


 Date of transaction 4              :     3 March 2026

 Nature of transaction 4            :     Sale of 28 390 Hudaco ordinary shares
                                          at a current average market price of
                                          R195.97899 per share (on market), with
                                          lowest and highest prices per share of
                                          R195.33.00 and R197.51, respectively.

 Value of transaction 4:            :     R5 563 843.53

 Nature of interest                 :     Direct beneficial

 Written clearance obtained         :     Yes

Edenvale
5 March 2026

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

Date: 05-03-2026 03:40:00
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