Announcement relating to the settlement of certain disputes 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”) ANNOUNCEMENT RELATING TO THE SETTLEMENT OF CERTAIN DISPUTES HCI Limited and various of its wholly owned subsidiaries together with Zamani, ITHUBA Holdings, the Mabuza trusts and various of their associates are pleased to announce they have reached agreement on an amount to settle all issues arising from agreements between them to their mutual satisfaction and have in consequence agreed to abandon all judgments and outstanding litigation in relation thereto and to cancel all other agreements between them in exchange for payment of R400 million. Cape Town 7 August 2020 Sponsor: Investec Bank Limited Date: 07-08-2020 08:00:00 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.