SKJ - Sekunjalo Investments Limited - Trading statement

SKJ - Sekunjalo Investments Limited -  Trading statement                        
Sekunjalo Investments Limited(Incorporated in the Republic of South             
Africa)(Registration number 1996/006093/06)Share code: SKJ & ISIN:              
ZAE000017893("Sekunjalo" or "the company" or "the Group")                       
TRADING STATEMENT                                                               
In terms of the Listings Requirements of the JSE Limited, a listed company is   
required to publish a trading statement as soon as it is satisfied that a       
reasonable degree of certainty exists that its financial results for the next   
reporting period will differ by 20% or more from those of the corresponding     
reporting period of the previous year.  The Board of Directors of Sekunjalo     
accordingly advises that they expect headline earnings per share and earnings   
per share for the year ended 31 August 2008 to be between 3.6c to 4.4c and      
1.50c to 1.83c per share, respectively.                                         
The results for the year have been impacted largely due to the                  
reclassification of the Group`s Biotechnology interest. The Biotechnology       
interest, which was previously treated as an Investment in the consolidated     
Financial statements and accounted for as such, has now been reclassified as    
an Investment in Associate due to the Group obtaining a significant influence   
over the business. Consequently, profit and losses on the fair valuation        
adjustments previously recognised through the income statement will now be      
eliminated on consolidation and thus not impact on the Group income statement.  
After adjusting the prior year headline earnings for the reclassification of    
this investment, the current headline earnings shows a positive impact from -   
24c in the prior year to the current year`s range of between 3.6c to 4.4c.      
It is anticipated that the financial results of Sekunjalo for the year ended    
31 August 2008 will be released on SENS on or about 25th November 2008.         
The financial information on which this trading statement is based has not      
been reviewed and reported on by the company`s auditors.                        
Cape Town                                                                       
21 November 2008                                                                
Sponsor                                                                         
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
Date: 21/11/2008 16:41:19 Supplied by www.sharenet.co.za                     
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