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Implementation of Transaction and Disclosure of Disposal and Acquisition of Securities
Hosken Consolidated Investments Limited
(Incorporated in the Republic of South Africa)
Registration number: 1973/007111/06
JSE share code: HCI ISIN: ZAE000003257
("HCI" or the "Company")
IMPLEMENTATION OF TRANSACTION AND DISCLOSURE OF DISPOSAL AND ACQUISITION OF SECURITIES
Unless otherwise defined herein, capitalised words and terms contained in this announcement shall bear
the same meanings ascribed thereto in the circular released on Monday, 15 December 2025
("Circular") wherein Shareholders were advised of a series of transactions concluded between the
Company, its then wholly owned subsidiary Squirewood Investments 64 Proprietary Limited
("Squirewood") and its then material shareholder, The Southern African Clothing and Textile Workers
Union ("SACTWU") (collectively, the "Proposed Transaction").
Shareholders are further referred to the announcement released on SENS and the Circular distributed to
Shareholders on Monday,15 December 2025, wherein they were advised that the Proposed Transaction
was subject to the fulfilment or waiver (as the case may be) of certain conditions precedent.
The Company is pleased to advise Shareholders that all of the conditions precedent of the Proposed
Transaction have been timeously fulfilled or waived. Accordingly, the Proposed Transaction has
become wholly unconditional and has been implemented in accordance with its terms.
Shareholders are further advised that, following the implementation of the Proposed Transaction,
Squirewood exercised the Squirewood Option in accordance with the terms and conditions of the
Squirewood Option Agreement.
In this regard and in compliance with section 122(3)(b) of the Companies Act, No. 71 of 2008 (as
amended) (the "Companies Act") and paragraph 6.54 of the Listings Requirements of the JSE Limited,
Shareholders are hereby advised that the Company has received formal notifications in accordance with
section 122(1) of the Companies Act that, following Squirewood's exercise of the Squirewood Option:
- SACTWU has disposed of the Option Shares to Squirewood such that its direct beneficial interest
in the Company has decreased to 2.25% of the total ordinary shares in issue; and
- Squirewood, which is controlled by SACTWU, has acquired the Option Shares, such that it now
holds a direct 25.73% beneficial interest in the total ordinary shares of the Company in issue.
Accordingly, SACTWU and its subsidiary, Squirewood, collectively own 27.98% beneficial interest in
the total ordinary shares of the Company in issue.
As required by section 122(3)(a) of the Companies Act, the Company has filed the required notices
with the Takeover Regulation Panel.
The board of directors of the Company ("Board") accept responsibility for the information contained
in this announcement and confirms that, to the best of its knowledge and belief, such information is true
and that this announcement does not omit anything likely to affect the importance of such information.
Cape Town
4 August 2026
Transaction Sponsor: Investec Bank Limited
Legal advisors to HCI: White & Case Incorporated
Date: 04-08-2026 05:41:00
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