Acceptance Of Rights To Participate In Share Incentive Plans By Directors And Company Secretary

HULAMIN LIMITED - Acceptance Of Rights To Participate In Share Incentive Plans By Directors And Company Secretary

HLM 201303120037A
Acceptance Of Rights To Participate In Share Incentive Plans By Directors And Company Secretary

HULAMIN LIMITED
Incorporated in the Republic of South Africa
(Registration number: 1940/013924/06)
ISIN: ZAE000096210
Share Code: HLM
(“Hulamin”)

ACCEPTANCE OF RIGHTS TO PARTICIPATE IN SHARE INCENTIVE PLANS BY DIRECTORS AND
COMPANY SECRETARY

On 11 March 2013, Executive directors accepted rights to participate in Hulamin's
share incentive plans as follows:

Share appreciation rights in respect of ordinary shares, which are off market and
which are subject to performance conditions and vest after three years at a grant
price of R4.56.

R G Jacob 530 732 rights Direct Beneficial
C D Hughes (Note 1) 243 345 rights Direct Beneficial
M Z Mkhize 241 172 rights Direct Beneficial

Long term incentive plan awards, which are off market and which are subject to
performance conditions and vest after three years.

R G Jacob 198 772 conditional awards Direct Beneficial
C D Hughes (Note 1) 106 329 conditional awards Direct Beneficial
M Z Mkhize 105 379 conditional awards Direct Beneficial

Long term incentive plan awards, which are off market and which are subject to
performance conditions and vest after three years.

R G Jacob 66 257 conditional awards Direct Beneficial
C D Hughes (Note 1) 35 443 conditional awards Direct Beneficial
M Z Mkhize 35 126 conditional awards Direct Beneficial

Note 1: Former Chief Financial Officer who retired as a board member on 28 February 2013, and
which was announced on SENS on 22 February 2013.

On 11 March 2013, the Company Secretary accepted rights to participate in
Hulamin's share incentive plans as follows:

Share appreciation rights in respect of ordinary shares, which are off market and
which are subject to performance conditions and vest after three years at a grant
price of R4.56.

W Fitchat 139 178 rights Direct Beneficial

Long term incentive plan awards, which are off market and which are subject to no
performance conditions and vest after three years.

W Fitchat 23 167 rights Direct Beneficial

W Fitchat 7 722 rights Direct Beneficial

The allocations have been approved by the Board.

12 March 2013
Pietermaritzburg

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

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