Sekunjalo Investments Limited - Company Press Release

Sekunjalo Investments Limited - Company Press Release                           
Sekunjalo Investments Limited                                                   
(Incorporated in the Republic of South Africa)                                  
(Registration number 1996/006093/06)                                            
Share code: SKJ & ISIN: ZAE000017893                                            
("Sekunjalo" or "the company")                                                  
Press Release                                                                   
Sekunjalo increases its stake in high performing financial services companies   
Sekunjalo Investments Limited (Sekunjalo) today announced it had increased its  
investment in three of the high performing companies in its financial services  
division.                                                                       
The JSE-listed investment holding company has upped its stake in Sharenet from  
30% to a majority 51%, in First Light Administration Services from 26% to a     
majority 80%, and has taken full 100% ownership of Sekunjalo Medical Aid        
Administrators where it previously held 70% stakes.                             
Sekunjalo deputy chief executive officer Norman Noland said the said the        
purchases would be settled against the achievement of warranted profits, and    
predominantly through the issue of Sekunjalo shares with the balance to be      
settled in cash.                                                                
"Our initial investment enabled us to get close to these companies and we have  
been highly satisfied with their respective performances.  All have consistently
delivered growth on or above budget, and accordingly we believe a greater       
exposure to each will be of tremendous benefit to our shareholders," he said.   
Noland said the growth in the financial services division had enabled Sekunjalo 
to significantly dilute the seasonal impact on the results from its fishing     
division in the first six months of the current financial year.                 
With the growth coming from our financial services and IT divisions, coupled to 
our increased investment in these areas, we expect a significant improvement in 
our full year results," he said.                                                
Noland said the acquisitions also place Sekunjalo Financial Services in a       
position to offer a full spectrum of financial services and products to the     
markets.                                                                        
Sharenet (www.sharenet.co.za) is one of the leading online providers of         
financial information to the corporate and consumer market in South Africa.  The
acquisition provides Sekunjalo with greater access to 40,000 Sharenet clients,  
an established brand and a market-leading IT infrastructure.                    
First Light Administration Services is an established retirement fund           
administrator to funds which total in excess of 30 000 members and assets of +/-
R200 Million.  With the relationships between retirement fund administrators and
employee benefit consultants currently in the spotlight, Noland said First      
Light"s model of "independence" allows the fund trustees to select best of breed
service providers.                                                              
"Many retirement fund trustees are now querying the relationship between        
consultants to the funds and the administrators. Firstlight stands to benefit as
one of the few that offers truly independent retirement fund administration and 
that enjoys unrivalled BEE credentials imparted via Sekunjalo," Noland said.    
(note to editors, Sekunjalo was awarded SA"s top empowerment company for 2006 by
Empowerdex)                                                                     
Sekunjalo Medical Aid Administrators, where Sekunjalo now owns 100%, boasts a   
robust and proprietary IT system that meets the regulatory requirements of the  
industry and has the capacity to administer approximately 100 000 members.  The 
company currently administers the Suremed Health scheme where membership        
comprises mainly government employees.                                          
Ends                                                                            
Issued by:                          Beachhead Media & Investor Relations        
Bruce Hetherington                          

                                    082 458 2199                                
On behalf of:                       Sekunjalo Investments Limited               
Contact:                            Norman Noland                               
Deputy CEO                                  

                                    083 626 4135                                
                                    (021) 702 7700                              
Date: 31 May 2006                                                               
Date: 31/05/2006 04:09:19 PM Supplied by www.sharenet.co.za                     
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