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Wed 17 Sep 2008, 16:05 SER / SRN - Seardel - Further Update On The Rights Offer
SER   SRN
SER                                                                             
SER / SRN - Seardel - Further Update On The Rights Offer                        
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" or "the company")                                                    
FURTHER UPDATE ON THE RIGHTS OFFER                                              
Shareholders are referred to the announcements dated 25 June 2008, 24 July 2008 
and 11 September 2008 detailing the Seardel rights offer ("the rights offer")   
and are advised that all conditions precedent to the rights offer have now been 
fulfilled and the rights offer will be implemented in accordance with the       
timetable detailed in the SENS announcement released on 11 September 2008.      
17 September 2008                                                               
Corporate advisor and sponsor                                                   
Java Capital (Proprietary) Limited                                              
Legal advisor                                                                   
Edward Nathan Sonnenbergs Inc.                                                  
Reporting accountants and auditors                                              
KPMG Inc.                                                                       
Date: 17/09/2008 16:05:01 Produced by the JSE SENS Department.                  
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