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TRADING STATEMENT

HCI shareholders are referred to the announcement released on SENS on 11 November 2011 wherein shareholders were advised that HCI`s earnings per share (“EPS”) and headline earnings per share (“HEPS”) for the six months ended 30 September 2011 were likely to be more than 20% higher than EPS and HEPS for the six months ended 30 September 2010.

The Company is now in a position to provide guidance in accordance with section 3.4 (b) of the Listings Requirements of the JSE Limited and HCI shareholders are informed that it is expected that for the six months ended 30 September 2011, HCI’s HEPS will be between 285 cents and 314 cents compared to the prior period HEPS of 226 cents, and the EPS will be between 305 and 337 cents compared to EPS of 234 cents in the prior period.

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.