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 Trust (2001) is disclosed (all off market):

[one_half]

Director

Designation

Nature of transaction

Date of grant of option

Date of acceptance

Number of options

Option strike price

Vesting date of options

Expiry date of options

Director

Designation

Nature of transaction

Date of grant of option

Date of acceptance

Number of options

Option strike price

Vesting date of options

Expiry date of options

Director

Designation

Nature of transaction

Date of grant of option

Date of acceptance

Number of options

Option strike price

Vesting date of options

Expiry date of options

[/one_half]

[one_half_last]

Mr M J A Golding

Executive Chairman

Grant and acceptance of option

15 March 2012

23 March 2012

137 015

R72.32 (10% discount to the 20 day  VWAP)

15 March 2015

15 June 2015

Mr J A Copelyn

Chief Executive Officer

Grant and acceptance of option

15 March 2012

23 March 2012

137 015

R72.32 (10% discount to the 20 day   VWAP)

15 March 2015

15 June 2015

Mr T G Govender

Financial Director

Grant and acceptance of option

15 March 2012

23 March 2012

52 424

R72.32 (10% discount to the 20 day VWAP)

15 March 2015

15 June 2015

[/one_half_last]

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

26 March 2012

Sponsor: Investec Bank Limited