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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 11 February 2011 regarding the proposed merger of the gaming and hotel businesses of Tsogo Sun Holdings (Proprietary) Limited ("Tsogo"), a 51% held subsidiary of HCI, and Gold Reef Resorts Limited ("Gold Reef") ("Proposed Merger"). Shareholders are advised that all the conditions precedent relating to the Proposed Merger have been fulfilled or waived (where appropriate). Accordingly, the Proposed Merger has become unconditional. Shareholders are also referred to the abridged revised listing particulars announcement released by Tsogo and Gold Reef on SENS today. 18 February 2011 Cape Town Advisers to HCI Sponsor to HCI Investec Bank Limited Investment bank to HCI and Tsogo Investec Corporate Finance Competition law adviser to Tsogo Nortons Inc. Legal adviser to Tsogo Tabacks Legal adviser to HCI Edward Nathan Sonnenbergs Inc Independent expert to HCI PKF Corporate Finance Independent reporting accountants to HCI PKF (Jhb) Inc. Date: 18/02/2011 08:30:08 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.
