HOSKEN CONSOLIDATED INVESTMENTS LTD - Award and acceptance of options

Award and acceptance of options

HOSKEN CONSOLIDATED INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1973/007111/06)
(Share code: HCI & ISIN: ZAE000003257)

GRANT AND ACCEPTANCE OF OPTIONS TO DIRECTORS AND OFFICERS

In compliance with Rules 3.63 - 3.74 of the JSE Limited Listing Requirements
the following information regarding the granting and acceptance of options in
terms of the HCI Employee Share Scheme is disclosed:

Director                            :    Mr Y Shaik
Designation                         :    Executive Director
Nature of transaction               :    Off market grant and acceptance of
option
Nature of Interest                  :    Direct, Beneficial
Class of Shares                     :    Ordinary shares
Date of grant of option             :    19 March 2014
Date of acceptance                   :   19 March 2014
Number of options                   :    119 086
Option strike price                 :    R125.02 (10% discount to the 20 day
VWAP)
Value of transaction                :    R14 888 131.72
Vesting date of options             :    39 696 options on 19 March 2017
                                         39 695 options on 19 March 2018
                                         39 695 options on 19 March 2019
Expiry date of options              :    39 696 options on 19 June 2017
                                         39 695 options on 19 June 2018
                                         39 695 options on 19 June 2019



Clearance                           :    Clearance in terms of par. 3.66 of
the JSE Listings Requirements was obtained.


Cape Town
20 March 2014
Sponsor: Investec Bank Limited

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