HOSKEN CONSOLIDATED INVESTMENTS LIMITED - Posting of circular and notice of general meeting

Posting of circular and notice of general meeting

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”)



  POSTING OF CIRCULAR AND NOTICE OF GENERAL MEETING


1.   INTRODUCTION

     Shareholders of HCI ("HCI Shareholders") are referred to the announcement released by HCI on SENS on Monday, 3
     April 2017 (“Announcement”) in relation to the agreement concluded by HCI with the trustees for the time being of the
     HCI Foundation (“HCI Foundation”) in terms of which HCI will acquire 2,688,000 HCI shares (“HCI Shares”) from the HCI
     Foundation, subject to the terms and conditions set out in the Announcement, at a price of R140.00 per HCI Share (the
     “Buy-back Transaction”).

2.   POSTING OF THE CIRCULAR NOTICE OF HCI SHAREHOLDERS MEETING

     HCI Shareholders are hereby advised that a circular (“Circular”) containing, inter alia, details of the Buy-back Transaction,
     a notice of general meeting of the HCI Shareholders (“General Meeting”) and a form of proxy, has been posted to HCI
     Shareholders today. HCI Shareholders are advised that the Buy-back Transaction is subject to the fulfilment of certain
     conditions precedent detailed in the Circular, and are advised to review the Circular for a summary of the key terms and
     conditions of the Buy-back Transaction.

     The General Meeting will be held at the offices of HCI, 4 Stirling Street, Zonnebloem, 7925, Cape Town, on Wednesday,
     31 May 2017 at 10:00, to consider and, if deemed fit, pass, with or without modification, the special and ordinary resolution
     necessary to implement the Buy-back Transaction.

3.   IMPORTANT DATES AND TIMES

     The important dates and times in relation to the General Meeting are set out below:

       
       Notice record date, being the date on which an HCI Shareholder must be                                 Friday, 21 April
       registered in the HCI securities register (“Register”) in order to be eligible
       to receive the notice of General Meeting, on                                                           

       Circular posted to HCI Shareholders and notice convening the General                                   Tuesday, 2 May
       Meeting released on SENS, on                                                                                                     
       

       Last day to trade HCI Shares in order to be recorded in the Register to vote
       at the General Meeting (see note 2 below) on                                                           Tuesday, 23 May
       
       General Meeting record date, being the date on which an HCI Shareholder
       must be registered in the Register in order to be eligible to attend and                               Friday, 26 May
       participate in the General Meeting and to vote thereat, by close of trade on

       Forms of proxy in respect of the General Meeting to be lodged, for
       administrative purposes, by 10:00, on (or may thereafter be lodged by hand                             Monday, 29 May
       prior to 10:00 on Wednesday, 31 May 2017)

       General Meeting held at 10:00 on                                                                       Wednesday, 31 May

       Results of the General Meeting published on SENS on                                                    Wednesday, 31 May

       Repurchase, cancellation and delisting of the HCI Shares in terms of the                               Wednesday, 7 June
       Buy-back Transaction                                                                                   
       
Notes:

    1.   The above dates and times are subject to amendment at the discretion of HCI. Any such amendment will be released
         on SENS.
    2.   HCI Shareholders should note that as transactions in HCI Shares are settled in the electronic settlement system used
         by Strate, settlement of trades takes place three Business Days after such trade. Therefore, HCI Shareholders who
         acquire HCI Shares after close of trade on Tuesday, 23 May will not be eligible to attend at, participate in and to vote
         at the General Meeting.
    3.   All dates and times indicated above are South African Standard Times.
    4.   The date of the repurchase, cancellation and delisting of the HCI Shares referred to above assumes that all of the
         conditions precedent have been fulfilled (or waived, as the case may be) by no later than the date of the General
         Meeting.


Cape Town
2 May 2017

Corporate Adviser and Transaction Sponsor to HCI
Investec Corporate Finance

Legal Adviser
Edward Nathan Sonnenbergs Inc.

Date: 02/05/2017 04:03:00 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.