SEARDEL INVESTMENT CORPORATION LTD - Exercise of Options by Director

Exercise of Options by Director

SEARDEL INVESTMENT CORPORATION LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1968/011249/06)
Share code: SER    ISIN Code: ZAE000029815
Share code: SRN    ISIN Code: ZAE000030144
("Seardel")

EXERCISE OF OPTIONS BY DIRECTOR
In compliance with Rules 3.63 - 3.74 of the JSE Limited Listing Requirements the
following information regarding the off-market exercise of options in terms of the
Seardel Long Term Incentive Trust is disclosed:

Director                            :    Mr G D T Wege
Designation                         :    Chief Financial Officer
Nature of transaction               :    Exercise of options
Class of securities                 :    Ordinary shares - Direct Beneficial
Date of grant of options            :    18 March 2010
Date of vesting of options          :    18 March 2013
Date of exercise of options         :    13 August 2013
Number of options exercised         :    750,000
Option strike price                 :    R0.00
Total value of options              :    R0.00
Clearance obtained par. 3.66        :    Yes

Director                            :    Mr D Duncan
Designation                         :    Chief Operating Officer
Nature of transaction               :    Exercise of options
Class of securities                 :    Ordinary shares - Direct Beneficial
Date of grant of options            :    18 March 2010
Date of vesting of options          :    18 March 2013
Date of exercise of options         :    13 August 2012
Number of options exercised         :    525,000
Option strike price                 :    R0.00
Total value of options              :    R0.00
Clearance obtained par. 3.66        :    Yes



All trades are deemed to be completed off market.

Cape Town
14 August 2013

Sponsor: Investec Bank Limited

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