SBL - Sable Holdings Limited - Press Release

SBL - Sable Holdings Limited - Press Release                                    
SABLE HOLDINGS LIMITED                                                          
(INCORPORATED IN THE REPUBLIC OF SOUTH AFRICA)                                  
(REGISTRATION NUMBER 1968/010636/06)                                            
("SABLE" OR "THE COMPANY")                                                      
SHARE CODE: SBL & ISIN: ZAE000006383                                            
Press Release                                                                   
The Board of Sable wishes to correct certain misconceptions which may have      
arisen in the light of the recent publicity surrounding investigations by the   
Financial Services Board ("FSB"), and the Specialised Commercial Crime Unit of  
the South African Police Services ("SAPS") into alleged pension fund abuse      
involving, inter alia, the so-called Sable Industrial Pension Fund.             
Neither Sable nor any of its directors are the subject of any investigation by  
the FSB or SAPS into the circumstances surrounding the repatriation of the      
surplus of the Sable Industrial Pension Fund to the principal employer, or any  
related transactions.                                                           
Sable divested itself of its shareholding in Midmacor Industries Limited, the   
principal employer of the Sable Industrial Pension Fund, in 1996.  The Sable    
Industrial Pension Fund was formerly the KNJ Group Pension Fund. The fund was   
renamed in 1995 when Sable acquired its shareholding in Midmacor Industries     
Limited. It was then envisaged that a number of Sable subsidiaries would be     
placed under Midmacor Industries Limited, and it was decided to rename the fund 
to reflect an affinity to this structure. The structure was not implemented and 
neither Sable nor any of its present subsidiaries participated in the fund.     
Randburg                                                                        
5 September 2007                                                                
Sponsor                                                                         
Sasfin Capital                                                                  
A division of Sasfin Bank Limited                                               
Date: 05/09/2007 15:04:01 Supplied by www.sharenet.co.za                     
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