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Release Date: 05/06/2020 17:35
Code(s): HCI     PDF:  
Wrap Text
Trading Statement

(Incorporated in the Republic of South Africa)
(Registration number 1973/007111/06)
(Share code: HCI & ISIN: ZAE000003257)
("HCI" or "the company")


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 2020, the Company will report a loss per
share, being a decrease of more than 100% as compared to earnings per share
of 826.2 cents for the prior year. It is currently anticipated that headline
earnings per share will not be more than 20% different to headline earnings
per share of 1 200.2 cents reported for the prior year.

Earnings per share of the Company has been negatively impacted inter alia by:

   -   The impairment of intangible assets and     property, plant and equipment
       relating to its gaming operations;
   -   The downward revaluation of investment      properties and impairment of
       property, plant and equipment relating to   its hotel operations; and
   -   The impairment of certain exploration       assets by its oil and gas
       exploration interests.

The Company will provide more accurate parameters in respect of its expected
basic earnings per share and headline earnings per share and expected date of
release of its preliminary results for the year ended 31 March 2020 in due

The above information has not been reviewed or reported on by the Company`s

Cape Town
5 June 2020

Investec Bank Limited

Date: 05-06-2020 05:35:00
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