Change in nature of directors’ holdings 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”) CHANGE IN NATURE OF DIRECTORS’ HOLDINGS Notice is given, in terms of paragraphs 3.63 to 3.74 of the Listings Requirements of the JSE Limited’s Listing Requirements, of the following transactions in respect of the Company’s shares by directors: Name JA Copelyn Designation Chief Executive Officer Class of shares Ordinary Date of transaction 12 June 2017 Selling price 12 800 cps Number of securities 138 856 Total value of transaction R17 773 568 Nature of transactions Transfer of HCI shares held on a direct beneficial basis by Mr Copelyn to an associate of him (Off market transaction) Extent of director’s interest The transfer results in a change of interest from direct beneficial to indirect beneficial Name JA Copelyn Designation Chief Executive Officer Class of shares Ordinary Date of transaction 12 June 2017 Selling price 12 800 cps Number of securities 169 715 Total value of transaction R21 723 520 Nature of transactions Transfer of HCI shares held on a direct beneficial basis by Mr Copelyn to a subsidiary of a family trust which is not an associate (Off market transaction) Extent of director’s interest The director’s interest was previously classified as direct beneficial Name TG Govender Designation Financial director Class of shares Ordinary Date of transaction 12 June 2017 Average selling price 12 900 cps Highest price 13 341 cps Lowest price 12 800 cps Number of securities 94 584 Total value of transaction R12 201 107.81 Nature of transactions Transfer of HCI shares held on a direct beneficial basis by Mr Govender to an associate of him (Off market transaction) Extent of director’s interest The transfer results in a change of interest from direct beneficial to interest held by an associate Clearance has been given in terms of paragraph 3.66. Cape Town 14 June 2017 Sponsor: Investec Bank Limited Date: 14/06/2017 01:55:00 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.