In compliance with Rules 3.63 – 3.74 of the JSE Limited Listing Requirements the following information regarding the granting and acceptance of options in terms of the HCI Employee Share Scheme is disclosed:

Director : Mr J A Copelyn
Designation : Chief Executive Officer
Nature of transaction : Grant and acceptance of option, Off market
Nature of Interest : Direct, Beneficial
Class of Shares : Ordinary shares
Date of grant of option : 18 December 2020
Date of acceptance : 23 December 2020
Number of options : 379 364
Option strike price : R49.30 (10% discount to the 20 day VWAP)
Value of transaction : R18 702 645
Vesting date of options : 18 December 2024 and 2025 in equal parts
Expiry date of options : 18 June 2025 and 2026

Director : Mr J R Nicolella
Designation : Financial Director
Nature of transaction : Grant and acceptance of option, Off market
Nature of Interest : Direct, Beneficial
Class of Shares : Ordinary shares
Date of grant of option : 18 December 2020
Date of acceptance : 23 December 2020
Number of options : 197 176
Option strike price : R49.30 (10% discount to the 20 day VWAP)
Value of transaction : R9 720 777
Vesting date of options : 18 December 2024 and 2025 in equal parts
Expiry date of options : 18 June 2025 and 2026

Director : Mr T G Govender
Designation : Executive Director
Nature of transaction : Grant and acceptance of option, Off market
Nature of Interest : Direct, Beneficial
Class of Shares : Ordinary shares
Date of grant of option : 18 December 2020
Date of acceptance : 23 December 2020
Number of options : 164 574
Option strike price : R49.30 (10% discount to the 20 day VWAP)
Value of transaction : R8 113 498
Vesting date of options : 18 December 2024 and 2025 in equal parts
Expiry date of options : 18 June 2025 and 2026

Director : Mr Y Shaik
Designation : Executive Director
Nature of transaction : Grant and acceptance of option, Off market
Nature of Interest : Direct, Beneficial
Class of Shares : Ordinary shares
Date of grant of option : 18 December 2020
Date of acceptance : 23 December 2020
Number of options : 163 340
Option strike price : R49.30 (10% discount to the 20 day VWAP)
Value of transaction : R8 052 662
Vesting date of options : 18 December 2024 and 2025 in equal parts
Expiry date of options : 18 June 2025 and 2026

Clearance : Clearance in terms of par. 3.66 of the JSE Listings Requirements was obtained.