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GRANT AND ACCEPTANCE OF OPTIONS TO DIRECTORS AND OFFICERS

In compliance with Rules 3.63 – 3.74 of the JSE Limited Listing Requirements the following information regarding the granting and acceptance of options in terms of the HCI Employee Share Scheme is disclosed:

Director                            :    Mr J A Copelyn
Designation                         :    Chief Executive Officer
Nature of transaction               :    Grant and acceptance of option
Off Market
Nature of Interest                  :    Direct, Beneficial
Class of Shares                     :    Ordinary shares
Date of grant of option             :    18 March 2015
Date of acceptance                  :    31 March 2015
Number of options                   :    72 864
Option strike price                 :    R135.99 (10% discount to the 20 day VWAP)
Value of transaction                :    R 9 908 775
Vesting date of options             :    18 March 2018
Expiry date of options              :    18 June 2018

Director                            :    Mr T G Govender
Designation                         :    Financial Director
Nature of transaction               :    Grant and acceptance of option
Off Market
Nature of Interest                  :    Direct, Beneficial
Class of Shares                     :    Ordinary shares
Date of grant of option             :    18 March 2015
Date of acceptance                  :    31 March 2015
Number of options                   :    27 879
Option strike price                 :    R135.99 (10% discount to the 20 day VWAP)
Value of transaction                :    R 3 791 265
Vesting date of options             :    18 March 2018
Expiry date of options              :    18 June 2018

Clearance                           :    Clearance in terms of par. 3.66 of
the JSE Listings Requirements was obtained.