Further to the detailed cautionary announcement issued on 3 March 2018 and the various renewal  of cautionary announcements, the last of which was dated 1 June 2018, the board of directors of  HCI is pleased to announce that Tsogo has entered into a sale of shares and subscription  agreement with HPF, whereby Tsogo will dispose of a portfolio of seven mixed-use casino precinct  properties to HPF for an aggregate purchase consideration of R23 billion (the “Disposal”).

 In terms of the JSE Listings Requirements, the Disposal is classified as a Category 2 transaction  for HCI, as Tsogo is a subsidiary of the Company. Accordingly, the Disposal does not require  approval by HCI shareholders. Shareholders should note the content of the Tsogo announcement  issued 9 July 2018 (the “announcement”) for the JSE Listings Requirements Category 2  disclosure.

 On the basis of the above and the contents of the announcement, caution is no longer required to  be exercised when dealing in the Company’s shares.

 Cape Town
 10 July 2018