Exercise of Options by Director SEARDEL INVESTMENT CORPORATION LIMITED (Incorporated in the Republic of South Africa) (Registration number 1968/011249/06) Share code: SER ISIN Code: ZAE000029815 Share code: SRN ISIN Code: ZAE000030144 ("Seardel") EXERCISE OF OPTIONS BY DIRECTOR In compliance with Rules 3.63 - 3.74 of the JSE Limited Listing Requirements the following information regarding the off-market exercise of options in terms of the Seardel Long Term Incentive Trust is disclosed: Director : Mr G D T Wege Designation : Chief Financial Officer Nature of transaction : Exercise of options Class of securities : Ordinary shares - Direct Beneficial Date of grant of options : 18 March 2010 Date of vesting of options : 18 March 2013 Date of exercise of options : 13 August 2013 Number of options exercised : 750,000 Option strike price : R0.00 Total value of options : R0.00 Clearance obtained par. 3.66 : Yes Director : Mr D Duncan Designation : Chief Operating Officer Nature of transaction : Exercise of options Class of securities : Ordinary shares - Direct Beneficial Date of grant of options : 18 March 2010 Date of vesting of options : 18 March 2013 Date of exercise of options : 13 August 2012 Number of options exercised : 525,000 Option strike price : R0.00 Total value of options : R0.00 Clearance obtained par. 3.66 : Yes All trades are deemed to be completed off market. Cape Town 14 August 2013 Sponsor: Investec Bank Limited Date: 14/08/2013 07:30:00 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.