SER/SRN - Seardel Investment Corporation Limited - Trading Statement

SER/SRN - Seardel Investment Corporation Limited - Trading Statement            
SEARDEL INVESTMENT CORPORATION LIMITED                                          
("Seardel" or "the Company")                                                    
Registration number: 1968/011249/06                                             
(Incorporated in the Republic of South Africa)                                  
JSE share code: SER                                                             
ISIN: ZAE000029815                                                              
JSE share code: SRN                                                             
ISIN: ZAE000030144                                                              
TRADING STATEMENT                                                               
In terms of the Listing Requirements of the JSE Limited, 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.                                              
Seardel accordingly advises that for the year ended 31 March 2012 the Company   
expects its financial results to fall within the following ranges:              
                                            2012                2011            
                                            Cents               Cents           
Basic earnings per share                     17 - 21             1.22           
Headline earnings / (loss) per share         18 - 22             (3.52)         
Shareholders are advised that the expected basic earnings per share and headline
earnings per share reflected above, include the once off effect of the          
settlement with former directors, details of which were published on SENS on the
16 March 2012. As a result Seardel intends publishing adjusted basic earnings   
and adjusted headline earnings per share numbers which exclude the once-off     
effect of the settlement. Seardel accordingly advises that for the year ended 31
March 2012 the adjusted basic earnings per share and adjusted headline earnings 
per share to fall within the following ranges:                                  
                                            2012                2011            
                                            Cents               Cents           
Basic (loss) / earnings per share            (6) - (9)           1.22           
Headline loss per share                      (5) - (8)           (3.52)         
The financial information on which this trading statement is based has not been 
reviewed or reported on by the company`s auditors.                              
2 May 2012                                                                      
Sponsor: Investec Bank Limited                                                  
Date: 02/05/2012 17:00:01 Supplied by www.sharenet.co.za                     
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