SEP - Sephaku Holdings - Trading statement for the year ended 30 June 2011

SEP - Sephaku Holdings - Trading statement for the year ended 30 June 2011      
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" or "the Group")                            
Trading Statement For The Year Ended 30 June 2011                               
In accordance with paragraph 3.4(b) of the JSE Limited Listings                 
Requirements, companies are required to publish a trading statement as soon     
as they become reasonably certain that the financial results for the            
reporting period will differ by more than 20% from that of the previous         
corresponding period.                                                           
As per the SENS announcement, dated 28 August 2009, the Company has adopted     
the net asset value per share ("NAVPS") measure for trading statements. The     
NAVPS measure for trading statement purposes is considered a more relevant      
yardstick of the performance of the Group than headline earnings per share      
and earnings per share.                                                         
Shareholders of Sephaku are advised that the Company is expecting an            
increase in NAVPS of between 60% and 80% compared to the NAVPS at 30 June       
2010. Shareholders are also referred to the trading statement dated 9 March     
2011 relating to interim period ended 31 December 2010.                         
The increase in NAVPS is mainly attributable to the corporate actions           
undertaken by the Company during 2010, namely, the issue of shares for cash     
by Sephaku Cement (Pty) Limited to Dangote Industries Limited in order to       
settle a loan of R75.6 million and the subscription of shares in an amount      
of R703.4 million, and the payment to shareholders by way a dividend in         
specie of one ordinary share in Incubex Minerals Limited for every ten          
Sephaku Holdings shares held.                                                   
Shareholders are referred to the circular issued on 30 September 2010 and       
the pro forma effects on page 93 of the circular, and the SENS announcements    
dated, 25 August 2010 and 30 September 2010.                                    
The results for the year ended 30 June 2011 will be published towards the       
end of September 2011.                                                          
This trading statement has not been reviewed or reported on by the Group`s      
external auditors.                                                              
20 September 2011                                                               
Pretoria                                                                        
Sponsor to Sephaku Holdings                                                     
QuestCo Sponsors (Pty) Limited                                                  
Date: 20/09/2011 15:00:01 Supplied by www.sharenet.co.za                     
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