Trading Statement Southern Electricity Company Limited (Incorporated in the Republic of South Africa) (Registration number 1997/006894/06) JSE code: SLO ISIN: ZAE000041919 (“SELCo”) TRADING STATEMENT In terms of paragraph 3.4(b) of the JSE Listings Requirements, 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 on next will differ by 20% or more from the financial results for the previous corresponding period. The directors of SELCo hereby notify shareholders that the company’s earnings and headline earnings per share for the six months ended 31 December 2012 is expected to be between 0.83 cents and 1.24 cents (six months ended 31 December 2012: 4.05 cents loss and headline loss per share). This increase can largely be ascribed to the fact that the electricity rates increase was passed timeously for implementation by the Electricity Control Board of Namibia and this contributed to the increase of SELCo’s earnings for the period. The financial information on which this trading statement is based has not been reviewed or reported on by the SELCo’s auditors. The interim results is expected to be published on or about 30 March 2013. Pretoria 22 March 2013 Sponsor Grindrod Bank Limited Date: 22/03/2013 04:05:00 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.