SEP - Sephaku Holdings Limited - Further cautionary

SEP - Sephaku Holdings Limited - Further cautionary                             
Sephaku Holdings Limited                                                        
(Incorporated in the Republic of South Africa)                                  
(Registration number: 2005/003306/06)                                           
Share code: SEP                                                                 
ISIN: ZAE000138459                                                              
("Sephaku Holdings" or "the company")                                           
Further cautionary                                                              
Shareholders are referred to the cautionary announcements dated 20 November 2009
and 7 January 2010 and to the announcement dated 1 February 2010 which included 
information relating to the proposed restructuring of the Sephaku Holdings group
("the restructuring") and the funding of the cement manufacturing project, which
will be located near Lichtenburg ("the Aganang project"), and the cement        
grinding plant, which will be located in Delmas ("the Delmas project"), both of 
which are held by the company`s 80.2%-held subsidiary, Sephaku Cement (Pty)     
Limited ("Sephaku Cement").                                                     
Shareholders are advised that details of the restructuring are still being      
considered and that negotiations relating to the funding of the Aganang and     
Delmas projects are progressing.  In the meantime, Nedbank Capital, a division  
of Nedbank Limited, has been appointed by Sephaku Cement as lead arranger for   
the R1,8-billion project finance facilities required for the projects.          
Shareholders should continue to exercise caution when dealing in their Sephaku  
Holdings shares until a full announcement relating to these matters can be made.
Pretoria                                                                        
15 March 2010                                                                   
Sponsor                                                                         
QuestCo Sponsors (Pty) Limited                                                  
Corporate advisor to Sephaku Cement                                             
Capital Hill Corporate Finance (Pty) Limited                                    
Date: 15/03/2010 14:00:02 Supplied by www.sharenet.co.za                     
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