HOSKEN CONSOLIDATED INVESTMENTS LIMITED - Updated Trading Statement

Updated Trading Statement

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")

UPDATED 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 referred to the Company’s previous trading statement on SENS
on 5 June 2020 and 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 of between 4 571.1 cents and 4 612.4 cents, as compared to basic
earnings (profit) per share of 826.2 cents for the prior year, and headline
earnings (profit) per share of between 1 233.8 cents and 1 293.8 cents, being
an increase of between 2.8% and 7.8% as compared to headline earnings per
share of 1 200.2 cents for the prior year.

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

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

The above information has not been reviewed or reported on by the Company`s
auditors. The Company`s provisional results are expected to be published on
or about 17 June 2020.

Cape Town
11 June 2020

Sponsor:
Investec Bank Limited

Date: 11-06-2020 01:54:00
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