HOSKEN CONSOLIDATED INVESTMENTS LTD - Trading Statement

Trading Statement

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

TRADING STATEMENT

In terms of section 3.4 (b) of the JSE Limited Listings Requirements,
companies are required to publish a trading statement as soon as they are
reasonably certain that the financial results for the current reporting
period will be more than 20% different than that of the previous
corresponding period.

Shareholders are hereby advised that a reasonable degree of certainty exists
that for the six month period ended 30 September 2014, the Company will
report basic earnings per share of between 2 923.3 cents and 2 967.4 cents,
being an increase of between 563.1% and 573.1%, and headline earnings per
share of between 352.5 cents and 399.5 cents, being a decrease of between
15.0% and 25.0%, as opposed to restated basic earnings per share of 440.8
cents and restated headline earnings per share of 469.9 cents for the prior
corresponding period.

The significant increase in basic earnings per share is mainly as a result of
the fair value adjustment to the carrying value of the group’s investment in
Tsogo Sun Holdings Limited prior to it being consolidated in the results of
the Company from September 2014.

The above information has not been reviewed or reported on by the Company`s
auditors. The Company`s results are expected to be published on or about 20
November 2014.

Cape Town
17 November 2014

Sponsor:
Investec Bank Limited

Date: 17/11/2014 01:40:00 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.