SEARDEL INVESTMENT CORPORATION LTD - Trading Statement

Trading Statement

SEARDEL INVESTMENT CORPORATION LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1968/011249/06
N-Shares share code: SRN; Ordinary Shares share code: SER
ISIN: ZAE000030144; ISIN: ZAE000029815
(“Seardel” or “the Company”)

TRADING STATEMENT

In terms of the Listing Requirements of the JSE Limited, companies are required to
publish a trading statement as soon as they are satisfied that a reasonable degree of
certainty exists that the financial results for the period to be reported upon next
will differ by at least 20% from the financial results for the previous corresponding
period.

Shareholders are advised that the current year basic earnings per share and headlines earnings per
shares take into account losses in respect of discontinued operations related to the disposal of its clothing
manufacturing operation, as announced on SENS on 29 October 2013.

Seardel accordingly advises that for the year ended 31 March 2014 the Company expects its financial results
to fall within the following ranges:

Earnings per share

                                                   2014                      2013

 Earnings per share from continuing
 operations                                        18.5 – 15.0               12.6

 Loss per share from discontinued operations       (18.5) – (17.0)           (6.6)

 Earnings / (loss) per share                       0 – (2.0)                 6.0

 

Headline earnings per share

                                                   2014                      2013

 Headline earnings per share from continuing
 operations                                        16.5 – 13.5               9.4

 Headline loss per share from discontinued
 operations                                        (14.5) – (13.5)           (6.5)

 Headline earnings per share                       2.0 – 0                   2.9

The financial information on which this trading statement is based has not been reviewed or reported
on by the company`s auditors.

Shareholders are advised that the results for the year ended 31 March 2014 are scheduled to be released
on 22 May 2014.

Cape Town
19 May 2014

Sponsor
Investec Bank Limited

Date: 19/05/2014 04:20:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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