HOSKEN CONSOLIDATED INVESTMENTS LIMITED - Voluntary announcement: Disposal of undivided share interest in Whale Coast Village Mall

Voluntary announcement: Disposal of undivided share interest in Whale Coast Village Mall

Hosken Consolidated Investments Limited
(Incorporated in the Republic of South Africa)
(Registration number 1973/007111/06)
Share code: HCI 
ISIN: ZAE000003257
("HCI" or the "Company")

VOLUNTARY ANNOUNCEMENT: DISPOSAL OF UNDIVIDED SHARE INTEREST IN WHALE
COAST VILLAGE MALL

Shareholders are hereby advised that, on 7 January 2025, the Company's subsidiary, HCI-Whale Coast Village
Proprietary Limited ("HCI-WCV") entered into a sale agreement (the "Agreement") in terms of which, inter
alia, HCI-WCV has agreed to dispose of its 65% undivided share (in aggregate) in the rental enterprise conducted
by it at Erf 2861, Sandbaai, Overstrand Municipality, Division Hermanus, Western Cape Province, commonly
known as the "Whale Coast Village Mall" ("Rental Enterprise"), to Whale Coast Capital Investments
Proprietary Limited (in respect of 40% of the aggregate undivided share in the Rental Enterprise) and Whale
Coast Village Mall Proprietary Limited (in respect of 25% of the aggregate undivided share in the Rental
Enterprise), for an aggregate purchase consideration of R600,000,000 (inclusive of VAT at 0%) (the
"Transaction"). HCI indirectly owns 80% of the shares in HCI-WCV.

The purchase consideration will be used to settle taxes and the debt funding owing by HCI-WCV to its debt
funders, which as at the date hereof is approximately R328 million. The remainder of the purchase consideration
is intended to be distributed by HCI-WCV to its shareholders, including HCI as to 80% thereof.

The Transaction is subject to the fulfilment (or waiver) of a number of conditions precedent, including that the
competition authorities must have approved the Transaction, with or without such conditions to be imposed on
and approved by the parties affected by such conditions.

The Transaction is not notifiable from a categorisation perspective in terms of the JSE Limited Listings
Requirements and accordingly, no shareholder approval is required. The information is disclosed on a voluntary
basis.


Cape Town
7 January 2026


Sponsor
Investec Bank Limited


Legal advisor
White and Case Inc.

Date: 07-01-2026 03:30:00
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