Further announcement relating to the suspension of the executive chairman pending a disciplinary enquiry HOSKEN CONSOLIDATED INVESTMENTS LIMITED (Incorporated in the Republic of South Africa) (Registration number 1973/007111/06) (Share code: HCI & ISIN: ZAE000003257) FURTHER ANNOUNCEMENT RELATING TO THE SUSPENSION OF EXECUTIVE CHAIRMAN PENDING A DISCIPLINARY ENQUIRY Shareholders are referred to the SENS announcements published on 22 and 23 October 2014. Shareholders are informed that, the Company’s position that Mr Marcel Golding should face disciplinary proceedings regarding his alleged gross misconduct has been vindicated by the Labour Court of South Africa held at Cape Town, and those disciplinary proceedings will continue. Insofar as Mr Golding has made certain outrageous allegations relating to political interference in respect of the media, such allegations are denied by the Company. The Company re-affirms its commitment to protect its interests and of its shareholders, to promote an independent media free of political or government interference, and to a lawful and fair disciplinary enquiry. The Company sees no benefit in conducting this process through the press. As soon as circumstances permit, a further announcement will be issued by the Company. Cape Town 27 October 2014 Sponsor: Investec Bank Limited Date: 27/10/2014 02:15:00 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.