FINANCIAL RESULTS – NOTIFICATION OF RELIANCE ON THE FSCA MARKET NOTICE DATED 3 APRIL 2020

Shareholders are reminded that the Company’s annual reporting date is 31 March and are referred to its reviewed provisional results for the period ended 31 March 2020, released on SENS on 17 June 2020.

In accordance with the JSE Listings Requirements, the Company’s integrated annual report in respect of the period ended 31 March 2020 was due to be released on or before 31 July 2020. Shareholders are advised that due to the disruption caused by COVID-19, the Company’s ability to complete the necessary work required to finalise and distribute the integrated annual report by 31 July 2020 has been severely constrained. Shareholders are therefore advised that the Company will be utilising the two month extension period afforded to issuers with year-ends of 31 December 2019, 31 January 2020, 29 February 2020 and 31 March 2020, as communicated in the market notice issued by the Financial Services Conduct Authority on 3 April 2020 and distributed by the JSE on the same date.

HCI will issue its integrated annual report, incorporating the annual financial statements and the notice of annual general meeting, by no later than 30 September 2020.

As advised by the JSE, the Company reiterates that market participants should not draw undue adverse inferences as a result of it making use of the extension periods available to it.

Cape Town