Trading Statement Sekunjalo Investments Limited (Incorporated in the Republic of South Africa) (Registration number 1996/006093/06) Share code: SKJ & ISIN: ZAE000017893 ("Sekunjalo" or "the Company" or “the Group”) TRADING STATEMENT In terms of the Listings Requirements of the JSE Limited, a listed company is required to publish a trading statement as soon as it is satisfied that a reasonable degree of certainty exists that its financial results for the next reporting period will differ by 20% or more from those of the corresponding reporting period of the previous year. Sekunjalo shareholders are hereby advised that it is expected that the Group’s headline earnings per share (“HEPS”) and basic earnings per share (“EPS”) for the year ended 31 August 2012 will be between 3.05c to 4.45c and 3.13c to 4.21c per share, respectively. In order to provide clear and meaningful guidance to shareholders, this trading statement also addresses normalised EPS and normalised HEPS. Normalised EPS and normalised HEPS are defined as reportable EPS and HEPS in terms of accounting standards, excluding once-off items that have occurred during this financial year. The once-off items for the current year that are included in calculating the EPS and HEPS range relate to the increase in the inclusion rate of capital gains tax on the Group’s unlisted investments. Details of once-off items will be provided in the SENS results announcement. After excluding the once-off items, the normalised EPS and normalised HEPS for the 12 months ended 31 August 2012 are expected to be between 6.00c to 7.07c and 5.92c to 7.32c per share respectively. The abovementioned financial information on which this trading statement is based has not been reviewed or reported on by the Company’s auditors. The annual financial results of Sekunjalo will be released on SENS on or about Tuesday, 6 November 2012. Cape Town 1 November 2012 Sponsor PSG Capital Date: 01/11/2012 04:30:00 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.