SEP - Sephaku Holdings - Adoption of net asset value per share measure for

SEP - Sephaku Holdings - Adoption of net asset value per share measure for      
future trading statements                                                       
Sephaku Holdings Limited                                                        
(Incorporated in the Republic of South Africa)                                  
(Registration number: 2005/003306/06)                                           
Share code: SEP ISIN: ZAE000138459                                              
("the Company")                                                                 
Adoption of net asset value per share measure for future trading statements     
In compliance with Section 3.4(b)(v) of the JSE Limited Listings Requirements   
shareholders are advised that, owing to the nature of the business conducted by 
the Company and its subsidiaries ("the Group"), being that of mining exploration
and development, the board of the Company has decided to adopt the net asset    
value per share ("NAVPS") measure for trading statement purposes as NAVPS is    
considered a more relevant yardstick of the performance of the Group than       
headline earnings per share and earnings per share.                             
Centurion                                                                       
28 August 2009                                                                  
Sponsor                                                                         
QuestCo Sponsors                                                                
Date: 28/08/2009 16:01:03 Supplied by www.sharenet.co.za                     
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