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 - LIGHT OIL DISCOVERY

HCI is a 49% shareholder in Impact Oil and Gas Limited ("Impact"), a UK based oil and gas prospecting private company. Impact is a 20% participant in Block 2913B, offshore Namibia, and has announced a light oil discovery in Block 2913B (PEL 56), offshore Namibia ("Venus-1X discovery").

HCI shareholders are referred to the press announcements on the Impact website, www.impactoilandgas.com for further information.

Cape Town

24 February 2022

Sponsor

Investec Bank Limited

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HCI - Hosken Consolidated Investments Limited published this content on 24 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 February 2022 08:11:04 UTC.