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TRADING STATEMENT

In terms of the JSE Limited Listings Requirements, companies are required to publish a trading statement as soon as they are reasonably certain that the financial results for the current reporting period will be more than 20% different than that of the previous corresponding period.

As a result of the above, HCI shareholders are informed that it is expected that for the six months ended 30 September 2011, HCI`s headline earnings per share (“HEPS”) and earnings per share (“EPS”) will be more than 20% higher than the previous corresponding half year to 30 September 2010. A further trading statement will be issued in due course to provide earnings forecast ranges for HEPS and EPS as required by the JSE Limited Listings Requirements.

The above information has not been reviewed or reported on by the Company`s auditors. The Company`s results are expected to be published on or about 17 November 2011.