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HCI - 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 announcementShareholders are advised that HCI has entered into discussions 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 theirHCI shares until a further announcement is made.                                
Durban                                                                          
14 December 2004                                                                
SponsorNedbank CapitalDate: 14/12/2004 03:24:05 PM Produced by the JSE SENS Department

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