Finalisation announcement in respect of the name change and share consolidation SEARDEL INVESTMENT CORPORATION LIMITED (Incorporated in the Republic of South Africa) Registration number: 1968/011249/06 N Shares share code: SRN; Ordinary Shares share code: SER ISIN: ZAE000030144; ISIN: ZAE000029815 (“Seardel” or the “Company”) FINALISATION ANNOUNCEMENT IN RESPECT OF THE NAME CHANGE AND SHARE CONSOLIDATION 1. INTRODUCTION Seardel ordinary shareholders and N-ordinary shareholders (collectively, the "Seardel Shareholders") are referred to the announcement released on the Stock Exchange News Service of the JSE Limited (“SENS”) on Friday, 30 October 2015 in which the Company advised shareholders of the results of the Annual General Meeting, and that resolutions were passed approving, inter alia: - the name change of the Company to E Media Holdings Limited (“Name Change”); and - the restructuring of the Company’s stated capital by consolidating its authorised and issued stated capital on the basis of 10 to 1 (“Share Consolidation”) by: - the consolidation of every 10 Ordinary Shares of no par value into 1 Ordinary Share of no par value; and - the consolidation of every 10 N-Shares of no par value into 1 N-Share of no par value. Seardel is pleased to advise that the special resolutions necessary for the Name Change and Share Consolidation, together with all prescribed documents, have been accepted and placed on file by the Companies and Intellectual Property Commission. Accordingly, the Name Change and Share Consolidation will proceed as per the timetable below. 2. IMPORTANT DATES AND TIMES 2015 Release of finalisation announcement in respect of the Name Change and Friday, 20 November Share Consolidation on SENS Last date to trade under the old name and in order to take part in the Name Friday, 27 November Change and Share Consolidation Trading under the new name of E Media Holdings Limited and with the new Monday, 30 November capital structure following the Share Consolidation commences, under the JSE share code “EMN” in respect of N-Shares and “EMH” in respect of Ordinary Shares and new ISINs ZAE000209524 and ZAE 000208898 respectively Record date in respect of the Name Change and Share Consolidation Friday, 4 December Posting of new share certificates in respect of Certificated Seardel Shares Monday, 7 December following the Name Change and Share Consolidation and update of CSDP and broker safe custody accounts Notes: 1. Any changes in dates will be announced on SENS. 2. All dates and times are local dates and times in South Africa. 20 November 2015 Cape Town Sponsor and Corporate Adviser Investec Bank Limited Date: 20/11/2015 09:49:00 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.