Voluntary Announcement and Withdrawal of Cautionary Announcement

Shareholders are referred to the cautionary announcements released by the Company, 
the latest of which was on 29 December 2023.

HCI is a 49% shareholder in Impact Oil and Gas Limited ("Impact"), a UK based oil
and gas prospecting private company.

Impact in turn is a 20% and 18.89% participant in Blocks 2913B (PEL 56) and 2912 (PEL 91),
offshore Namibia, respectively ("Blocks"). Impact has entered into a farmout agreement 
with TotalEnergies EP Namibia B.V. in respect of the Blocks.

HCI shareholders are referred to the press announcement on the Impact website,
www.impactoilandgas.com, for further information regarding the farmout agreement.

Following the information provided above, caution is no longer required
to be exercised when dealing in the Company's shares.