SBL - Sable Holdings Limited - Trading Statement Sable Holdings Limited (Incorporated in the Republic of South Africa) (Registration Number 1968/010636/06) ("Sable or "the company") Share Code: SBL ISIN: ZAE000006383 TRADING STATEMENT In terms of paragraph 3.4(b) of the JSE Limited ("JSE") Listings Requirements, companies are required to publish a trading statement as soon as they become reasonably certain that the financial results for the period to be reported upon next will differ by at least 20% from that of the previous corresponding reporting period. Sable is currently finalising its results for the financial year ended 30 June 2011 which are due to be released on SENS on 29 September 2011. Shareholders are advised that the company`s earnings per share for the financial year ended 30 June 2011 will be between 140% and 150% higher than that reported for the previous corresponding reporting period. Headline earnings per share will be between 10% and 20% higher than that reported for the previous corresponding reporting period. The financial information on which this trading statement is based has not been reviewed or reported on by the company`s auditors. Sandton 22 September 2011 Designated Advisor Sasfin Capital (a division of Sasfin Bank Limited) Date: 22/09/2011 16:40:06 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.