HOSKEN CONSOLIDATED INVESTMENTS LIMITED - Update On The Restructure Of HCIs Gaming Businesses

Update On The Restructure Of HCI’s Gaming Businesses

HOSKEN CONSOLIDATED INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1973/007111/06)
(Share code: HCI ISIN: ZAE000003257)
(“HCI”)

UPDATE ON THE RESTRUCTURE OF HCI’s GAMING BUSINESSES

Shareholders are referred to the announcement released on the Stock
Exchange News Service of the JSE (“SENS”) by HCI on 14 March 2017 in
respect of the proposed consolidation of HCI’s gaming interests under Tsogo
Sun Holdings Limited (“Tsogo”), the (“Proposed Transaction”).

Shareholders are advised that HCI, Tsogo and Niveus Investments Limited
(“Niveus”) have concluded an agreement which records the terms of the
Proposed Transaction which is subject to the fulfilment (or waiver by the
parties to the extent legally posisble) of a number of conditions
precedent.

Shareholders are referred to the detailed SENS announcements by Niveus and
Tsogo for further information.

Categorisation

This is a voluntary announcement as the size of the transaction is below
the threshold of a category 2 transaction in terms of the JSE Listings
Requirements.


Cape Town

27 June 2017

Financial advisor and Sponsor

Investec Bank Limited

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