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Hosken Consolidated Investments Limited - Cautionary Announcement 
Release Date: 24/02/2004 15:51:23      Code(s): HCI
  Hosken Consolidated Investments Limited - Cautionary announcement               
  HOSKEN CONSOLIDATED INVESTMENTS LIMITED                                         
  (Incorporated in the Republic of South Africa)                                  
  (Registration number 1973/007111/06)                                            
  Share Code: HCI                                                                 
  ISIN Code: ZAE000003257                                                         
  ("HCI" or "the company")                                                        
  Cautionary announcement                                                         
  Shareholders are advised that HCI has entered into negotiations which, if       
  successfully concluded, may have a material effect on the price of the company"s
  shares.                                                                         
  Accordingly, shareholders are advised to exercise caution when dealing in their 
  HCI shares until a further announcement is made.                                
  Durban                                                                          
  24 February 2004                                                                
  Sponsor                                                                         
  Nedbank Corporate                           

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