HOSKEN CONSOLIDATED INVESTMENTS LIMITED - Fulfilment of all outstanding conditions precedent

Fulfilment of all outstanding conditions precedent

Hosken Consolidated Investments Limited
(Incorporated in the Republic of South Africa)
Registration number 1973/007111/06
Share Code: HCI
ISIN Code: ZAE000003257
(“HCI” or the “Company”)



FULFILMENT OF ALL OUTSTANDING CONDITIONS PRECEDENT


1.   Introduction

     Shareholders of HCI ("HCI Shareholders") are referred to the announcement released
     by HCI on SENS on Thursday, 28 April 2016 (“Announcement”) in relation to:
     - the agreements concluded by HCI with entities related and/or associated to certain
     directors of HCI and its subsidiary companies, and the Southern African Clothing and
     Textile Workers’ Union (“SACTWU”) in terms of which HCI (and, in relation to the shares
     held by SACTWU, HCI’s wholly-owned subsidiary, Squirewood Investments 64
     Proprietary Limited) will acquire in aggregate up to 16 140 000 HCI ordinary shares (“HCI
     Shares”) (approximately 15.4% of the issued share capital of HCI), subject to the terms
     and conditions set out in the Announcement, at a price of R105.00 per HCI Share (the
     “Repurchase Transactions”).

2.   Fulfilment of conditions precedent

     Shareholders are advised that all conditions precedent pertaining to the Repurchase
     Transactions have now been fulfilled or waived, as the case may be, and that all of the
     Repurchase Transactions will be implemented by 16 August 2016.


Cape Town
15 August 2016

Corporate Advisor and Sponsor: Investec Bank Limited

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