HOSKEN CONSOLIDATED INVESTMENTS LIMITED - Results of General Meeting

Results of General Meeting

Hosken Consolidated Investments Limited
(Incorporated in the Republic of South Africa)
Registration number 1973/007111/06
Share Code: HCI
ISIN Code: ZAE000003257
(“HCI” or the “Company”)



RESULTS OF GENERAL MEETING


1.   Introduction

     HCI ordinary shareholders (“HCI Shareholders”) are advised that at the general meeting
     held on Thursday 21 July 2016 (“General Meeting”) all the ordinary and special
     resolutions as proposed in the notice of General Meeting were approved by the requisite
     majority of HCI Shareholders.

2.   Results of the voting at the General Meeting

     HCI confirms the voting statistics from the General Meeting as follows:

                                                                             %           Number
     Total number of shares that could be voted at meeting                 100.00%      104,951,358
     Total number of shares present/represented including proxies at
                                                                               92.65%    97,239,078
     meeting
     Total number of HCI Shareholders present                                                    54


                                                           Number of votes (one vote per share)

                                                             For          Against        Abstain
      SPECIAL RESOLUTIONS
      1. Repurchase of 5 240 000 HCI ordinary shares       70,712,055     10,387,601        100 126
         from Circumference, Rivetprops and Chearsley
                                                           87,19%          12.81%         0.12%
      2. Repurchase of 3 500 000 HCI ordinary shares       84,007,938      5,583,423        100 126
         from Geomer
                                                           93.77%          6.23%          0.11%
      3. Repurchase of 3 000 000 HCI ordinary shares       79,203,760     10,387,601        100,126
         from Geomer
                                                           88.41%          11.59%         0.11%
      4. Repurchase of 400 000 HCI ordinary shares         90 530 416      5,583,423        100,126
         from Majorshelf
                                                           94.19%          5.81%          0.00%
      5. Repurchase of 4 000 000 HCI ordinary shares       52,378,826     10,387,601        100,126
         from SACTWU
                                                           83.45%          16.55%         0.16%
      ORDINARY RESOLUTION
      1. Authorisation of directors to implement the       92,113,599      5,119,793        100,126
         resolutions                                       94.73%          5.27%          0.10%

3.   Further conditions precedent

     The various repurchase transactions remain subject to various conditions precedent as
     set out in the circular to HCI Shareholders dated 22 June 2016. A further announcement
     will be released once all of the conditions precedent have been fulfilled or waived.



Cape Town
21 July 2016

Corporate Advisor and Sponsor: Investec Bank Limited

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