Implementation of final aspects of settlement of Seardel litigation 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") Implementation of final aspects of settlement of Seardel litigation 1. Shareholders are referred to the SENS announcement dated 16 March 2012 and the Circular to Shareholders dated 4 May 2012, wherein, inter alia, shareholders were advised that the transfer of one of the properties pursuant to the settlement, namely, remaining extent of Erf 27412, Observatory, situate at corner Main Road and Browning Road, Observatory, Cape Town and which has an estimated market value of R38.8 million, was subject to final resolution of separate litigation by and against unrelated third parties. 2. The Company is pleased to advise that judgment was delivered yesterday in the Company’s favour in relation to such separate litigation. Unless leave to appeal the judgment is obtained by the third parties, the property will be transferred to a subsidiary of the Company. 31 October 2012 Cape Town Investment Bank & Sponsor Investec Bank Limited Legal Advisors to Seardel Group Edward Nathan Sonnenbergs Inc. Date: 31/10/2012 11:37:00 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.