Change to the Board of Directors HOSKEN CONSOLIDATED INVESTMENTS LIMITED (Incorporated in the Republic of South Africa) (Registration number 1973/007111/06) (Share code: HCI ISIN: ZAE000003257) (“HCI”) CHANGE TO THE BOARD OF DIRECTORS In accordance with Section 3.59 of the JSE Limited Listings requirements, HCI shareholders are advised that the following change has been made to the composition of the HCI Board of Directors: We welcome Laurelle McDonald to the board as a non-executive director of the company with immediate effect. Laurelle is the Chief Financial Officer of Tsogo Sun Holdings Limited (“THL”). Laurelle served her articles at Grant Thornton and joined Gold Reef Resorts as Assistant Financial Manager at Silverstar Casino in 2007. She was appointed as the Group Financial Manager and the Company Secretary of Gold Reef Resorts. After the acquisition of Gold Reef Resorts by Tsogo Sun, Laurelle was appointed Corporate Finance and Treasury Manager of Tsogo Sun. She was appointed Chief Financial Officer of THL upon its unbundling from the Tsogo Sun Group. We wish Laurelle well in her new position. 19 March 2020 Cape Town Sponsor and Corporate Adviser Investec Bank Limited Date: 19-03-2020 02:30:00 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.