SER/SRN - Seardel Investment Corporation Limited - Trading Statement

SER/SRN - Seardel Investment Corporation Limited - Trading Statement            
SEARDEL INVESTMENT CORPORATION LIMITED                                          
Registration number: 1968/011249/06                                             
(Incorporated in the Republic of South Africa)                                  
JSE share code: SER   ISIN: ZAE000029815                                        
JSE share code: SRN   ISIN: ZAE000030144                                        
("Seardel" or "the company")                                                    
TRADING STATEMENT                                                               
In terms of the JSE Listings Requirements, companies are required to publish    
a trading statement as soon as they are satisfied that a reasonable degree      
of certainty exists that the financial results for the period to be reported    
upon next will differ by at least 20% from the financial results for the        
previous corresponding period.                                                  
Shareholders are advised that, as a result of the Company having settled the    
litigation with former directors as detailed in the SENS announcement           
published today ("Settlement of Litigation with Former Directors and            
Officers"), the financial results of the Company for the year ended 31 March    
2012 will reflect an increase of earnings per share and headline earnings       
per share of at least 20% from the financial results for the previous           
financial year. More accurate information will be provided when the Company     
has greater certainty on its results for the year ending 31 March 2012.         
The financial information on which this trading statement is based has not      
been reviewed or reported on by the Company`s auditors.                         
16 March 2012                                                                   
Cape Town                                                                       
Sponsor                                                                         
Investec Bank Limited                                                           
Date: 16/03/2012 14:01:01 Supplied by www.sharenet.co.za                     
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