Disposal by a subsidiary, Tsogo Sun Holdings Limited and withdrawal of cautionary announcement 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”) DISPOSAL BY A SUBSIDIARY, TSOGO SUN HOLDINGS LIMITED (“TSOGO”) OF CERTAIN CASINO PRECINT PROPERTIES TO ITS SUBSIDIARY, HOSPITALITY PROPERTY FUND (“HPF”) AND WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT Further to the detailed cautionary announcement issued on 3 March 2018 and the various renewal of cautionary announcements, the last of which was dated 1 June 2018, the board of directors of HCI is pleased to announce that Tsogo has entered into a sale of shares and subscription agreement with HPF, whereby Tsogo will dispose of a portfolio of seven mixed-use casino precinct properties to HPF for an aggregate purchase consideration of R23 billion (the “Disposal”). In terms of the JSE Listings Requirements, the Disposal is classified as a Category 2 transaction for HCI, as Tsogo is a subsidiary of the Company. Accordingly, the Disposal does not require approval by HCI shareholders. Shareholders should note the content of the Tsogo announcement issued 9 July 2018 (the “announcement”) for the JSE Listings Requirements Category 2 disclosure. On the basis of the above and the contents of the announcement, caution is no longer required to be exercised when dealing in the Company’s shares. Cape Town 10 July 2018 Financial advisor and Sponsor Investec Bank Limited Date: 10/07/2018 04:40:00 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.