Notification in terms of Section 122(3) of the Companies Act and Section 3.83(b) of the JSE Listing Requirements 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") NOTIFICATION IN TERMS OF SECTION 122(3) OF THE COMPANIES ACT AND SECTION 3.83(b) OF THE JSE LISTINGS REQUIREMENTS In accordance with section 122(3)(b) of the Companies Act, 71 of 2008 ("the Act"), and section 3.83(b) of the JSE Listing Requirements, shareholders are advised that 360One Asset Management (Pty) Ltd, has acquired a beneficial interest in the ordinary and N ordinary shares of the Company, such that all its beneficial interests in the ordinary shares of the Company amount to 5.23% of the total number of ordinary shares in issue and all its beneficial interest in the N ordinary shares of the Company amount to 15,37% of the total number of N ordinary shares in issue. The Company hereby confirms that it has received the required notice from 360One Asset Management (Pty) Ltd in terms of Section 122(1) of the Act and has filed the required notice with the Takeover Regulation Panel in terms of section 122(3) (a) of the Act. Cape Town 14 November 2012 Sponsor: Investec Bank Limited Date: 14/11/2012 05:38:00 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.