Updated 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") UPDATED TRADING STATEMENT Shareholders are referred to the published trading statement dated 18 May 2015, whereby the Company advised that for the year ended 31 March 2015 the Company will report basic earnings per share of between 3 679.3 cents and 3 587.1 cents and headline earnings per share of between 1 013 cents and 918.6 cents. Shareholders are hereby advised that the Company’s basic earnings per share for the year ended 31 March 2015 will be 3 381.3 cents (increase of 266%) and headline earnings per share will be 965.8 cents (increase of 2.07%), as opposed to basic earnings per share of 923.8 cents and headline earnings per share of 946.2 cents for the prior year. The Company’s basic earnings per share is lower than the guidance previously provided due to the final determination of losses relating to discontinued operations. The above information has not been reviewed or reported on by the Company`s auditors. The Company`s results will be published on 21 May 2015. Cape Town 21 May 2015 Sponsor: Investec Bank Limited Date: 21/05/2015 11:10:00 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.