HOSKEN CONSOLIDATED INVESTMENTS LIMITED - Reviewed Provisional Results for the Year Ended 31 March 2022

Reviewed Provisional Results
for the Year Ended 31 March 2022

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" or "the group")


REVIEWED PROVISIONAL RESULTS
for the year ended 31 March 2022


SALIENT FEATURES
                                                                 Reviewed      Reviewed
                                                                   31 Mar        31 Mar            %
                                                                     2022          2021       change
Revenue                                              (R'000)   10 710 621     8 191 095           31
Net gaming win                                       (R'000)    7 778 881     5 275 457           47
Property rental income                               (R'000)      640 725       620 049            3
EBITDA                                               (R'000)    5 022 525     3 094 251           62
Earnings/(losses) per share*                         (cents)      2 570.3      (1 265.1)         303
Headline earnings per share                          (cents)      1 321.3         287.7          359
Net asset value per share*                           (cents)       17 786        14 917           19
Headline earnings/(loss)
Media and broadcasting                                            264 858        83 910
Gaming                                                            621 893       (20 499)
Hotels                                                            (35 233)     (317 763)
Transport                                                         218 856       176 457
Properties                                                         51 703        37 841
Coal mining                                                       180 970       119 315
Branded products and manufacturing                                128 367        95 220
Oil and gas prospecting                                            23 547       266 917
Palladium prospecting                                             (50 564)      (56 521)
Other                                                            (335 875)     (152 180)
                                                                1 068 522       232 697          359

* Restated for purchase price allocation of hotels


DECLARATION OF CASH DIVIDEND
Due to the impact of the COVID-19 pandemic on the group's operations and the requirement to
preserve cash resources, the directors have resolved not to declare a final dividend.

AUDITOR'S REVIEW
The condensed consolidated financial statements for the year ended 31 March 2022 have been reviewed
by the group's auditors, BDO South Africa Inc., who expressed an unmodified review conclusion.

DIRECTORS' STATEMENT
The directors, who take responsibility for the contents of this short-form announcement, present
the reviewed provisional results of Hosken Consolidated Investments Limited for the year ended
31 March 2022. The results were prepared under the supervision of the financial director,
Mr JR Nicolella CA(SA).

The financial information is only a summary and does not contain full details of the financial
results. Any investment decisions by investors and/or shareholders should be based on information
contained in the full announcement, accessible from 27 May 2022, via the JSE link
https://senspdf.jse.co.za/documents/2022/jse/isse/HCI/YE22.pdf or the company's website
at www.hci.co.za.

Copies of the full announcement may also be requested by e-mail at info@hci.co.za and are available
for inspection at the company's registered office, at no charge to investors and/or shareholders,
during office hours (09:00 - 17:00) from Mondays to Fridays.

Signed on behalf of the board of directors

JA Copelyn                     JR Nicolella
Chief Executive Officer        Financial Director

27 May 2022


Directors:
JA Copelyn (Chief Executive Officer), JR Nicolella (Financial Director), TG Govender, Y Shaik,
MH Ahmed*, MF Magugu*, L McDonald**, SNN Mkhwanazi-Sigege**, VE Mphande* (Chairman), JG Ngcobo*,
RD Watson*    (* Independent non-executive ** Non-executive)
Company secretary:
HCI Managerial Services Proprietary Limited
Registered office:
Suite 801, 76 Regent Road, Sea Point, 8005
PO Box 5251, Cape Town, 8000
Telephone: 021 481 7560

Auditors:
BDO South Africa Incorporated
Wanderers Office Park, 52 Corlett Drive, Illovo, 2196
Private Bag X10046, Sandton, 2146
Transfer secretaries:
Computershare Investor Services Proprietary Limited
Rosebank Towers, 15 Biermann Avenue, Rosebank, 2196
Private Bag X9000, Saxonwold, 2132
Sponsor:
Investec Bank Limited
100 Grayston Drive, Sandton, Sandown, 2196
Website:
www.hci.co.za

Date: 27-05-2022 11:35:00
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