HOSKEN CONSOLIDATED INVESTMENTS LIMITED - Changes to the Board of Directors

Changes to the Board of Directors

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

CHANGES TO THE BOARD OF DIRECTORS

In accordance with Section 3.59 of the JSE Limited Listings requirements, HCI shareholders
are advised that the following changes have been made to the composition of the HCI Board
of Directors on the 22nd May 2019:


Dr Morelto Molefi and Connie September have resigned as non-executive directors of the
Company with immediate effect. We thank both Connie and Moretlo for their contributions to
the company. A special thank you to Moretlo for her contributions to the board, social and
ethics committee and audit and risk committee over the past 12 years. We wish them both
all the very best in their future endeavours.


We welcome Robert Nicolella (“Rob”) to the board as an executive director of the company
with immediate effect and who will take up the position of Financial Director as of 1 August
2019. Kevin Govender, the present finance director and CFO of the past 17 years, will remain
as an executive director of the company.


Rob is a qualified chartered accountant and has attended a leadership and development
programme (”PLD”) at Harvard University. During his 18 year tenure at Investec Bank, Rob
headed the Structured Finance Division ( Western Cape) and thereafter, Private Bank
Western Cape. He joined the HCI Group in 2011 to develop the HCI Properties
portfolio. He is a director on the boards of Impact Oil and Gas and Tsogo Sun Hotels, and
will step down as CEO of the Hospital Property Fund (“HPF”) on the 1 June 2019.

23 May 2019

Cape Town

Sponsor and Corporate Adviser

Investec Bank Limited

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