HOSKEN CONSOLIDATED INVESTMENTS LIMITED - Trading Statement

Trading Statement

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

TRADING STATEMENT

In terms of section 3.4 (b) of the JSE Limited Listings Requirements, companies
are required to publish a trading statement as soon as they are reasonably
certain that the financial results for the current reporting period will be
more than 20% different than that of the previous corresponding period.

Shareholders are hereby advised that a reasonable degree of certainty exists
that for the year ended 31 March 2025, the Company will report basic earnings
(profit) per share of between 8 273.9 cents and 8 354.5 cents, as compared to
basic earnings (profit) per share of 806.1 cents for the prior year, and headline
earnings (profit) per share of between 1 427.5 cents and 1 572.8 cents, being
between a decrease of 1.8% and an increase of 8.2%, as compared to headline
earnings (profit) per share of 1 453.6 cents for the prior year.

Basic earnings per share includes an upward R4 547 million fair value adjustment
on associate on gaining control, which was recognised significantly upon the
acquisition of Impact Oil and Gas ("IOG") in July 2024.

Headline earnings per share has been negatively impacted by losses in respect
of IOG and Africa Energy Corp. ("AEC"), which included an effective R262 million
(2024: R483 million) in losses in respect of AEC. AEC recognised US$74 million
in downward fair value adjustments on its investment in the Block 11B/12B
prospect offshore the South African south coast during the current year (2024:
US$135 million).

The above information has not been reviewed or reported on by the Company`s
auditors. The Company`s results are expected to be published on or about 29 May
2025.

Cape Town
28 May 2025

Sponsor:
Investec Bank Limited

Date: 28-05-2025 05:21:00
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