Shareholders are hereby advised that HCI’s annual financial statements for the year ended 31 March 2019 is available at https://www.hci.co.za/reports/HCI_AFS_2019.pdf

Shareholders are further advised that the integrated report, containing the summarised consolidated group financial statements for the year ended 31 March 2019, was dispatched to shareholders today, 31 July 2019. The integrated report is also available at https://www.hci.co.za/reports/Integrated_Report_2019.pdf

CHANGE STATEMENT
The audited annual financial statements contain the following modification to the reviewed provisional consolidated results for the year ended 31 March 2019, released on SENS on Wednesday 23 May 2019:

Property rental income of R1 094.4 million has been reclassified from Revenue to Property rental income with the effect that Revenue has decreased from R15 332.6 million to R14 238.2 million and Property rental income has increased from Rnil million to R1 094.4 million in the statement of profit or loss in the current year. The Company adopted IFRS 15 Revenue from Contracts with Customers in the current year, in terms of which property rental income is not treated as revenue. The reclassification has no impact on the comparative results and has no impact on the statement of financial position or profit and loss.

NOTICE OF ANNUAL GENERAL MEETING
Notice is hereby given that the annual general meeting (“AGM”) will be held at 12:00 on Thursday, 12 September 2019, at the registered offices of the Company, Suite 801, 76 Regent Road, Sea Point to transact the business as set out in the notice of AGM which forms part of the integrated report.

The date on which shareholders must be recorded as such in the share register of the Company to be eligible to vote at the AGM is Friday, 6 September 2019 and accordingly the last day to trade is Tuesday, 3 September 2019.

BROAD-BASED BLACK ECONOMIC EMPOWERMENT ACT (“The Act”): ANNUAL COMPLIANCE REPORT
In accordance with paragraph 16.21(g) and Appendix 1 to Section 11 of the JSE Listing Requirements, notice is hereby given that the Company’s annual BB-BEE verification certificate and annual compliance report in terms of section 13G(2) of the Act have been published and are on the Company’s website at available at www.hci.co.za