HOSKEN CONSOLIDATED INVESTMENTS LTD - Change to the Board of Directors

Change to the Board of Directors

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


CHANGE TO THE BOARD OF DIRECTORS

In accordance with Section 3.59 of the JSE Limited Listings requirements, HCI shareholders are
advised that the following changes have been made to the composition of the HCI Board of
Directors:

The status of Mr Yunis Shaik on the board of HCI has been changed to that of executive
director with immediate effect.   Consequently we congratulate Mr Velaphi Elias Mphande who
has been appointed as lead independent non-executive director in his stead. Elias was
appointed to the board of HCI as a non-executive director in September 2010.

We welcome both Mr Leslie Maasdorp and Ms Rachel Watson to the board of HCI as
independent non-executive directors. Leslie will serve as the Chairman of the Audit and Risk
committee.

Leslie is President of Southern Africa for Bank of America Merrill Lynch. He is non-executive
Chairman of Advtech Limited and a non-executive director of Telkom SA SOC Limited. Prior to
this appointment he has occupied senior leadership roles in investment banking including
serving as International Adviser to Goldman Sachs and Vice Chairman of Barclays Capital and
Absa Capital. He was a former Deputy Director General of the Department of Public Enterprises
where he led the restructuring and privatization program for the South African Government.

Rachel currently holds a position as manager at a regional broadcaster.           Prior to this
appointment she was employed for 33 years within the clothing industry, serving as a trade
union representative in various organisational positions for the last 14 years of her tenure.
Rachel is presently an independent non-executive director of Seardel Investment Corporation
Limited.

Cape Town
19 March 2014

Sponsor: Investec Bank Limited

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