HCI - Hosken Consolidated Investments Limited - Fulfilment of conditions

HCI - Hosken Consolidated Investments Limited - Fulfilment of conditions        
precedent                                                                       
HOSKEN CONSOLIDATED INVESTMENTS LIMITED                                         
(Incorporated in the Republic of South Africa)                                  
(Registration number 1973/007111/06)                                            
(Share code: HCI & ISIN: ZAE000003257)                                          
("HCI")                                                                         
PROPOSED MERGER OF TSOGO SUN HOLDINGS (PROPRIETARY) LIMITED AND GOLD REEF       
RESORTS LIMITED                                                                 
Shareholders are referred to the announcements published by HCI on the Stock    
Exchange News Service of the JSE Limited on, inter alia, 18 February 2010, 26   
April 2010, and most recently 3 December 2010 regarding the proposed merger of  
the gaming and hotel businesses of Tsogo Sun Holdings (Proprietary) Limited, a  
51% held subsidiary of HCI, and Gold Reef Resorts Limited.                      
Shareholders are advised that approval has been received from the Eastern Cape  
Gambling and Betting Board. This approval is in addition to the approvals       
already granted by the Gauteng Gambling Board, the Kwa-Zulu Natal Gambling      
Board, the Mpumalanga Gambling Board and the Western Cape Gambling and Racing   
Board as announced to shareholders on 15 November 2010 and 3 December 2010. The 
only outstanding gaming regulatory approval is the Free State Gambling and      
Racing Board.                                                                   
20 January 2011                                                                 
Cape Town                                                                       
Sponsor: Investec Bank Limited                                                  
Date: 20/01/2011 09:31:02 Supplied by www.sharenet.co.za                     
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