SER/SRN - Seardel - Dealing in Securities

SER/SRN - Seardel - Dealing in Securities                                       
Seardel Investment Corporation Limited                                          
Registration no. 1968/011249/06                                                 
(Incorporated in the Republic of South Africa)                                  
JSE Code: SER     ISIN Code:  ZAE000029815                                      
JSE Code: SRN     ISIN Code:  ZAE000030144                                      
("Seardel")                                                                     
DEALING IN SECURITIES                                                           
Shareholders are advised of the following information relating to the dealing in
securities by directors of Seardel and of a major subsidiary of Seardel:        
                                                                                
Name of director:                          S A Queen                            
Name of group company:                     Seardel Investment Corporation       
                                          Limited                               
Class of security:                         Options                              
Date of transaction:                       4 July 2011                          
Strike/exercise date:                      4 July 2012 (first exercise date)    
Number of securities:                      1,753,350                            
Strike/exercise price:                     R0.76                                
Total value:                               R1,332,546                           
Nature of transaction:                     Acceptance of options (off-market)   
Nature and extent of director`s interest:  Direct beneficial                    
Periods of exercise/vesting:               10% 4 July 2012                      
20% 4 July 2013                       

                                          30% 4 July 2014                       
                                          40% 4 July 2015                       
Clearance to deal received:                Yes                                  


Name of director:                          G D T Wege                           
Name of group company:                     Seardel Investment Corporation       
                                          Limited                               
Class of security:                         Options                              
Date of transaction:                       4 July 2011                          
Strike/exercise date:                      4 July 2012 (first exercise date)    
Number of securities:                      730,563                              
Strike/exercise price:                     R0.76                                
Total value:                               R555,228                             
Nature of transaction:                     Acceptance of options (off-market)   
Nature and extent of director`s interest:  Direct beneficial                    
Periods of exercise/vesting:               10% 4 July 2012                      
                                          20% 4 July 2013                       
                                          30% 4 July 2014                       
                                          40% 4 July 2015                       
Clearance to deal received:                Yes                                  
                                                                                
Name of director:                          D Duncan                             
Name of group company:                     Seardel Group Trading (Pty)          
Limited                               

Class of security:                         Options                              
Date of transaction:                       4 July 2011                          
Strike/exercise date:                      4 July 2012 (first exercise date)    
Number of securities:                      511,394                              
Strike/exercise price:                     R0.76                                
Total value:                               R388,659                             
Nature of transaction:                     Acceptance of options (off-market)   
Nature and extent of director`s interest:  Direct beneficial                    
Periods of exercise/vesting:               10% 4 July 2012                      
                                          20% 4 July 2013                       
                                          30% 4 July 2014                       
40% 4 July 2015                       

Clearance to deal received:                Yes                                  
                                                                                
6 July 2010                                                                     
Sponsor                                                                         
Java Capital (Proprietary) Limited                                              
Date: 06/07/2011 16:21:01 Supplied by www.sharenet.co.za                     
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