HUDACO INDUSTRIES LIMITED - Acquisition of CADAC becomes unconditional

Acquisition of CADAC becomes unconditional

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



ACQUISITION OF CADAC BECOMES UNCONDITIONAL

As part of the announcement of its results for the year ended 30 November 2021
released on 4 February 2022, Hudaco advised that it had signed an agreement to
acquire the business of CADAC (“the transaction”) as a going concern and that the
transaction was subject to finalisation of the transfer of the licence agreement.
This suspensive condition has since been met and the acquisition of CADAC became
unconditional with effect from Monday, 28 February 2022.

Cadac is a household brand in Southern Africa, distributing a wide range of gas-
related products for cooking, heating, lighting and braaiing, including gas
cylinders, stoves, heaters, cookers, skottels, braais, coolers and accessories.



Johannesburg
10 March 2022

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

Date: 10-03-2022 10:56:00
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