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TRADING STATEMENT

HCI – Hosken Consolidated Investments – Trading Statement HOSKEN CONSOLIDATED INVESTMENTS LIMITED 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 year ended 31 March 2011, HCI`s headline earnings will be between 550 cents and 605 cents per share compared to the prior period restated headline earnings of 297 cents per share, and the basic earnings per share will be between 4 850 and 5 335 cents per share compared to 484 cents per share, as restated, in the prior period. The significant increase in basic earnings per share is mainly as a result of the investment surplus recognised on the merger of the hotel and gaming interests of Tsogo Sun Holdings (Proprietary) Limited and Gold Reef Resorts Limited.

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 19 May 2011.

Source: HCI