HULAMIN LIMITED - Vesting of shares awarded to director of major subsidiary and subsequent disposal of shares

Vesting of shares awarded to director of major subsidiary and subsequent disposal of shares

HULAMIN LIMITED
Incorporated in the Republic of South Africa
(Registration number 1940/013924/06)
ISIN: ZAE000096210
JSE Code: HLM
("Hulamin" or the "Company")

VESTING OF SHARES AWARDED TO A DIRECTOR OF A MAJOR SUBSIDIARY IN TERMS OF
THE EQUITY-SETTLED CONDITIONAL SHARE PLAN AND SUBSEQUENT DISPOSAL OF
SHARES

Shareholders are referred to the announcement published by the Company on SENS on 7 September
2021 wherein they were advised that Hulamin had granted awards of Performance Shares ("Award") in
terms of its Equity-Settled Conditional Share Plan ("Share Plan").

Accordingly, shareholders are notified of the details of the vesting of the following Award, and the
subsequent on-market disposal of those shares by a director of a major subsidiary of Hulamin, as set
out below.


 Name of recipient:                              MA Janneker – Director of major subsidiary
 Name of subsidiary:                             Hulamin Operations Proprietary Limited
 Nature of transaction:                          Off-market delivery of Performance Shares
                                                 awarded in terms of the Share Plan and the
                                                 subsequent on-market disposal of those shares

 Date of Award:                                  1 September 2021
 Date of vesting of Award:                       27 May 2024
 Date of delivery of Award:                      28 May 2024

 Number of Performance Shares vested:            269 982
 Issue price:                                    Rnil (Free of charge)
 Notional value of transaction (based on an
 implied price of R3.85 per Hulamin share,
 being the closing price of the date
 immediately preceding the date of vesting):     R1 039 430.70

 Number of Performance Shares disposed of:       269 982
 Date of disposal:                               28 May 2024
 Price per share:                                R3.94
 Total value of Performance Shares disposed
 of on-market:                                   R1 063 729.08
 Type of interest:                               Direct beneficial
 Clearance to deal obtained:                     Yes


Pietermaritzburg
30 May 2024

Sponsor
Questco Corporate Advisory Proprietary Limited

Date: 30-05-2024 04:57:00
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.