HCI - Hosken Consolidated Investments Limited - Extension of the closing date of

HCI - Hosken Consolidated Investments Limited - Extension of the closing date of
the mandatory offer by HCI-KWV Holdings Proprietary Limited , a subsidiary of   
HCI, to acquire all of the ordinary shares in the issued share capital of KWV   
HOSKEN CONSOLIDATED INVESTMENTS LIMITED                                         
(Incorporated in the Republic of South Africa)                                  
(Registration number: 1973/007111/06)                                           
Share code: HCI                                                                 
ISIN: ZAE000003257                                                              
("HCI")                                                                         
KWV                                                                             
HOLDINGS LIMITED                                                                
(Incorporated in the Republic of South Africa)                                  
(Registration number: 2009/012871/06)                                           
("KWV")                                                                         
EXTENSION OF THE CLOSING DATE OF THE MANDATORY OFFER BY HCI-KWV HOLDINGS        
PROPRIETARY LIMITED ("HCI-KWV HOLDINGS"), A SUBSIDIARY OF HCI, TO ACQUIRE ALL OF
THE ORDINARY SHARES IN THE ISSUED SHARE CAPITAL OF KWV (OTHER THAN THOSE THAT IT
ALREADY OWNS)                                                                   
Shareholders are referred to the announcement released on the Securities        
Exchange News Services ("SENS") of the JSE Limited on 21 December 2011 and the  
mandatory offer document posted on 20 January 2012 which stated that the        
mandatory offer to KWV shareholders was expected to close at 17:00 on 2 March   
2012. Following the release of KWV`s interim results on 21 February 2012, HCI   
has decided (with the prior approval of the Takeover Regulation Panel) to extend
the mandatory offer closing date and time to 12:00 on 22 March 2012. The revised
dates and times of the mandatory offer are set out below:                       
Record date, being the final date on which KWV  Thursday, 22 March              
shareholders must be recorded in the register                                   
in order to be eligible to accept the                                           
mandatory offer on                                                              
Closing date of the mandatory offer at 12:00    Thursday, 22 March              
on                                                                              
Results of the mandatory offer released on      Friday, 23 March                
SENS on                                                                         
Results of the mandatory offer published in     Monday, 26 March                
the press on                                                                    
Offer consideration posted to shareholders who  within six business days after  
accept the mandatory offer (once documents of   acceptance of the mandatory     
title have been received)                       offer                           
HCI reserves the right, at its discretion, and subject to the prior approval of 
the Takeover Regulation Panel, to make any changes to the dates referred to in  
this announcement (including extending the closing date), which amended dates   
will be released on SENS and published in the South African press.              
Cape Town                                                                       
22 February 2012                                                                
Investment Bank and Sponsor to HCI:                                             
Investec Bank Limited                                                           
Legal Advisers to HCI:                                                          
Edward Nathan Sonnenbergs Inc                                                   
Date: 22/02/2012 17:00:02 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.