SKY - Sea Kay Holdings Limited - Trading statement for the interim period 31

SKY - Sea Kay Holdings Limited - Trading statement for the interim period 31    
December 2011 and update on the cautionary announcement released on 18 April    
2012                                                                            
SEA KAY HOLDINGS LIMITED                                                        
(Registration number 2006/004967/06)                                            
(Incorporated in the Republic of South Africa)                                  
JSE code: SKY                                                                   
ISIN: ZAE000102380                                                              
("Sea Kay" or "the company")                                                    
TRADING STATEMENT FOR THE INTERIM PERIOD 31 DECEMBER 2011 AND UPDATE ON THE     
CAUTIONARY ANNOUNCEMENT RELEASED ON 18 APRIL 2012                               
In terms of paragraph 3.4(b) of the Listings Requirements of JSE Limited,       
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 on  
will differ by more than 20% from the previous corresponding period.            
Accordingly, shareholders are advised that for the six months ended 31 December 
2011, Sea Kay expects to reflect a basic loss of between 24.91 and 29.89 cents  
per share and a headline loss of between 3.40 and 4.08 cents per share.         
After protracted negotiations with the Lonerock vendors, no agreement could be  
reached, resulting in the Lonerock vendors exercising their right to re-purchase
all of their shares previously held by the company (49.99%). The financial      
effects of and additional commentary will be published with the interim         
financial results for 31 December 2011. Shareholders are therefore advised that 
the relevant portion of the cautionary issued on SENS on 18 April 2012 is       
therefore withdrawn.                                                            
The financial information on which this trading statement is based has not been 
reviewed or reported on by the company`s auditors.                              
The reviewed results for the interim period ended 31 December 2011 are expected 
to be released on 30 April 2012.                                                
26 April 2012                                                                   
Johannesburg                                                                    
Sponsor                                                                         
Vunani Corporate Finance                                                        
Date: 26/04/2012 08:38:34 Supplied by www.sharenet.co.za                     
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