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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 year ended 31 March 2009, HCI`s headline earnings will be between 250 cents and 260 cents per share compared to the prior year headline earnings of 555 cents per share, and the basic earnings per share will be between 885 and 895 cents per share compared to 702 cents per share in the prior year.

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 14 May 2009.

14 May 2009

Sponsor: Investec Bank Limited