Fulfilment of all outstanding conditions precedent 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”) FULFILMENT OF ALL OUTSTANDING CONDITIONS PRECEDENT 1. Introduction Shareholders of HCI ("HCI Shareholders") are referred to the announcement released by HCI on SENS on Thursday, 28 April 2016 (“Announcement”) in relation to: - the agreements concluded by HCI with entities related and/or associated to certain directors of HCI and its subsidiary companies, and the Southern African Clothing and Textile Workers’ Union (“SACTWU”) in terms of which HCI (and, in relation to the shares held by SACTWU, HCI’s wholly-owned subsidiary, Squirewood Investments 64 Proprietary Limited) will acquire in aggregate up to 16 140 000 HCI ordinary shares (“HCI Shares”) (approximately 15.4% of the issued share capital of HCI), subject to the terms and conditions set out in the Announcement, at a price of R105.00 per HCI Share (the “Repurchase Transactions”). 2. Fulfilment of conditions precedent Shareholders are advised that all conditions precedent pertaining to the Repurchase Transactions have now been fulfilled or waived, as the case may be, and that all of the Repurchase Transactions will be implemented by 16 August 2016. Cape Town 15 August 2016 Corporate Advisor and Sponsor: Investec Bank Limited Date: 15/08/2016 03:00:00 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.