SENS- Wednesday, 02 February 2011

HDC - Hudaco Industries Limited - Director`s dealing in securities

HDC HDC HDC - Hudaco Industries Limited - Director`s dealing 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 DIRECTOR`S DEALING IN SECURITIES Name of the : Hudaco company Name of director : GE Gardiner Designation : Executive director: Acquisitions Date of : 1 February 2011 transaction Nature of : 1 transactions Exercise of 20 000 share appreciation rights with a strike price of R39.75 at a VWAP price of R84.45 and settled by the delivery of 10 586 Hudaco ordinary shares (off market). 2 Exercise of 20 000 share appreciation rights with a strike price of R55.50 at a WVAP price of R84.45 and settled by the delivery of 6 856 Hudaco ordinary shares(off market). 3 Sale of 17 442 Hudaco ordinary shares at the current market price of the R84.60 per share (on market). These shares were acquired by exercising the share appreciation rights mentioned in 1 and 2 above. Value of : R1 475 593.20 transactions Nature of : Direct beneficial interest Clearance : Yes obtained Johannesburg 2 February 2011 Sponsor Nedbank Capital Date: 02/02/2011 15:37:01 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.