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TRADING STATEMENT

n 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`s shareholders are informed that it is expected that HCI`s headline earnings per share for the six months ended 30 September 2007 will be between 216 cents and 240 cents, compared to 191 cents last year, and the basic earnings per share will be between 323 cents and 357 cents,
compared to 223 cents last year.
The above information has not been reviewed or reported on by the Company`s auditors and the Company`s results for the six months ended 30 September 2007 are expected to be published on or about 15 November 2007.