HCI - Hosken Consolidated Investments Limited - Acquisition of a 33,9% interest

HCI - Hosken Consolidated Investments Limited - Acquisition of a 33,9% interest 
in KWV Holdings Limited                                                         
HOSKEN CONSOLIDATED INVESTMENTS LIMITED                                         
(Incorporated in the Republic of South Africa)                                  
(Registration number 1973/007111/06)                                            
(Share code: HCI & ISIN: ZAE000003257)                                          
("HCI")                                                                         
ACQUISITION OF A 33,9% INTEREST IN KWV HOLDINGS LIMITED  - Voluntary            
announcement                                                                    
1.   INTRODUCTION                                                               
    HCI shareholders are advised that HCI has acquired, via a wholly owned      
subsidiary, a total of 23 230 365 ordinary shares in KWV Holdings Limited   
    ("KWV"), constituting 33,9% of the issued ordinary share capital of KWV for 
    a total purchase consideration of R274,12m (`the acquisition`). The         
    purchase consideration was funded out of existing cash resources.           
2.   NATURE OF BUSINESS OF KWV                                                  
                                                                                
    KWV, which company`s shares are traded over the counter, operates in the    
    wine and brandy industry.                                                   
3.   RATIONALE FOR THE ACQUISITION                                              
    HCI considers the acquisition to be opportune to further the                
    diversification of its earnings base.                                       
4.   EFFECTIVE DATE                                                             
The transaction is effective from 07 February 2011.                         
5.   CONDITIONS PRECEDENT                                                       
    The acquisition of the KWV interest is not subject to any conditions        
    precedent.                                                                  
07 February 2011                                                                
Cape Town                                                                       
Investment Bank and Sponsor: Investec Bank Limited                              
Date: 07/02/2011 17:22:01 Supplied by www.sharenet.co.za                     
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