HOSKEN CONSOLIDATED INVESTMENTS LIMITED - Trading Statement

Trading Statement

HOSKEN CONSOLIDATED INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1973/007111/06)
(Share code: HCI & ISIN: ZAE000003257)
("the Company")

TRADING STATEMENT

In terms of section 3.4 (b) of the JSE Limited Listings Requirements, companies
are required to publish a trading statement as soon as they are reasonably
certain that the financial results for the current reporting period will be
more than 20% different than that of the previous corresponding period.

Shareholders are hereby advised that a reasonable degree of certainty exists
that for the six months ended 30 September 2024, the Company will report basic
earnings (profit) per share of between 1 473.4 cents and 1 595.7 cents, being
an increase of between 20.5% and 30.5%, as compared to basic earnings (profit)
per share of 1 222.6 cents for the prior comparative period, and headline
earnings (profit) per share of between 480.7 cents and 577.8 cents, being a
decrease of between 50.5% and 40.5%, as compared to headline earnings (profit)
per share of 971.2 cents for the prior comparative period.

Headline earnings per share has been negatively impacted by losses in respect
of Impact Oil and Gas, which included an effective R250 million in equity losses
in respect of its investment in Africa Energy Corp. ("AEC"). AEC recognised
US$74 million in downward fair value adjustments on its investment in the Block
11B/12B prospect offshore the South African south coast during the period being
reported on.

The above information has not been reviewed or reported on by the Company`s
auditors. The Company`s interim results are expected to be published on or about
28 November 2024.

Cape Town
26 November 2024

Sponsor:
Investec Bank Limited

Date: 26-11-2024 10:52:00
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