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Tue 29 Jul 2008, 11:03 RAH - Real Africa Holdings Limited - Statement Of Net Asset Value Per Share
RAH
RAH                                                                             
RAH - Real Africa Holdings Limited - Statement Of Net Asset Value Per Share     
Real Africa Holdings Limited                                                    
(Incorporated in South Africa)                                                  
(Registration number: 1994/003919/06)                                           
Share code: RAH                                                                 
ISIN: ZAE000008702                                                              
("RAH")                                                                         
STATEMENT OF NET ASSET VALUE PER SHARE                                          
Shareholders are advised that the net asset value per share as at 30 June 2008  
is expected to be between 35% and 45% lower than the 470 cents as at 30 June    
2007. This is primarily as a result of the discount rates applied in the        
valuations of the group`s investments increasing from 12,46% at 30 June 2007 to 
15,10% at 30 June 2008.                                                         
This financial information has been prepared on a consistent basis with that    
disclosed in the profit and dividend announcement for the year ended 30 June    
2007 and has not been reviewed or reported on by the group`s auditors. It is    
anticipated that the reviewed profit and dividend announcement for the year     
ended 30 June 2008 will be published on or about 2 September 2008.              
Sandton                                                                         
29 July 2008                                                                    
Sponsor: Investec Bank Limited                                                  
Date: 29/07/2008 11:03:02 Produced by the JSE SENS Department.                  
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