SEARDEL INVESTMENT CORPORATION LTD - Clarifying announcement in respect of sale of stake in Sabido by HCI to Seardel

Clarifying announcement in respect of sale of stake in Sabido by HCI to Seardel

     HOSKEN CONSOLIDATED INVESTMENTS                         SEARDEL INVESTMENT CORPORATION
                        LIMITED                                                LIMITED
     (Incorporated in the Republic of South Africa)         (Incorporated in the Republic of South Africa)
         Registration number: 1973/007111/06                    Registration number: 1968/011249/06
                    Share code: HCI                              Share code: SRN; Share code: SER
                 ISIN: ZAE000003257                          ISIN: ZAE000030144; ISIN: ZAE000029815
                         (“HCI”)                                              (“Seardel”)


  CLARIFYING ANNOUNCEMENT IN RESPECT OF SALE OF STAKE IN SABIDO BY HCI TO SEARDEL


HCI and Seardel have noted statements released in the press on Monday, 20 May 2013 relating to the
cancellation of the transaction between HCI and Seardel. Neither HCI nor Seardel were contacted in respect of
the press articles which are factually incorrect. The announcement released on SENS was amended and
reloaded because of an incorrect flash headline.

The transaction set out in the announcement released on SENS on Friday, 17 May 2013 and published in the
press on Monday, 20 May 2013 has not been cancelled or withdrawn and will be implemented subject to the
fulfilment of the conditions precedent as set out in the announcement.


Cape Town
20 May 2013


Sponsor
Investec Bank Limited

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