HOSKEN CONSOLIDATED INVESTMENTS LTD - Results of the General Meeting

Results of the General Meeting

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


               RESULTS OF GENERAL MEETING AND FINALISATION ANNOUNCEMENT


HCI shareholders are referred to the announcement dated 30 July 2012 in connection with the listing of Niveus
Investments Limited (“Niveus Investments”) and the pro rata offer, by HCI, to holders of ordinary shares in HCI
to receive their pro rata portion of 45% of the shares in Niveus Investments by tendering one HCI ordinary
share (“HCI Share”) for repurchase by HCI in exchange for the distribution in specie by HCI of 11.95191
Niveus Investments ordinary shares (“Niveus Investments Shares”) per HCI Share repurchased (collectively
the “Pro-rata Repurchase and Distribution”).

HCI shareholders are advised that at HCI’s general meeting held today, 30 August 2012, the special resolution
and the ordinary resolution proposed were unanimously approved. Accordingly all conditions have been
fulfilled.

HCI shareholders may elect to tender one HCI Share for every 11.95191 Niveus Investments Shares received,
up to 3.07% of their HCI shareholding. In addition HCI shareholders may elect to tender such additional HCI
Shares in terms of excess applications provided that HCI shall not repurchase more than 3.07% of its entire
issued share capital, net of treasury shares. In aggregate, a total of 48 203 589 Niveus Investments Shares are
available for distribution.

The important dates and times are set out below:

                                                                                                         2012

Last date to trade HCI shares in order to be recorded in the HCI share register
on the record date in order to elect to participate in the Pro-rata Repurchase and        Friday, 7 September
Distribution on

Listing of Niveus Investments Shares on the JSE with effect from the
commencement of business under the abbreviated name: Niveus, JSE code:                  Monday, 10 September
NIV, and ISIN ZAE000169553 on

Commencement of trade in Niveus Investments Shares on                                   Monday, 10 September

HCI Shares trade excluding the entitlement to the Pro-rata Repurchase and
                                                                                        Monday, 10 September
Distribution on

Record date to participate in the Pro-rata Repurchase and Distribution being the
date on which HCI shareholders must be recorded in the HCI share register in             Friday, 14 September
order to elect to participate in the Pro-rata Repurchase and Distribution on

Last date on which the HCI shareholders can make an election to participate in
                                                                                         Friday, 14 September
the Pro-rata Repurchase and Distribution by 12h00 on

Effective date of the Pro-rata Repurchase and Distribution                              Monday, 17 September

Niveus Investments share certificates posted to certificated HCI shareholders
who elected to participate in the Pro-rata Repurchase and Distribution (provided
                                                                                     Wednesday, 19 September
their Form of Election, Surrender and Transfer and documents of title are
received on or prior to 12h00 on the record date) on or about


                                                       1
Niveus Investments Shares credited to the accounts (held at the relevant CSDP
or broker) of those dematerialised HCI shareholders who elected to participate in
                                                                                  Wednesday, 19 September
the Pro-rata Repurchase and Distribution (and the relevant number of HCI
Shares debited from their accounts) on or about


Notes:

1.   All dates and times indicated above are South African Standard Times.
2.   HCI Shareholders are advised that no dematerialisation or rematerialisation of HCI Shares may take place between Friday, 7
     September 2012 and Monday, 17 September 2012.




Cape Town
30 August 2012

                   Investment bank                                                     Sponsor
              Investec Corporate Finance                                         Investec Bank Limited

                  Legal advisers                                        Reporting accountants and auditors
             Edward Nathan Sonnenbergs                                               PKF Inc




                                                              2

Date: 30/08/2012 05:47:00 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.