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SER                                                                             
SEARDEL INVESTMENT CORPORATION LIMITED - DISPOSAL OF NON-CORE PROPERTIES        
SEARDEL INVESTMENT CORPORATION LIMITED                                          
(INCORPORATED IN THE REPUBLIC OF SOUTH AFRICA)                                  
ISIN NUMBER:  ZAE000029815: SHARE CODE SER                                      
ISIN NUMBER:  ZAE000030144: SHARE CODE SRN                                      
SEARDEL;  SEARDEL-N                                                             
DISPOSAL OF NON-CORE PROPERTIES                                                 
In pursuance of Seardel`s stated policy of disposing of assets which are no     
longer core to Seardel`s business, shareholders are advised that Seardel has    
sold two properties in the Durban area for an aggregate purchase consideration  
of R13.2 million.                                                               
Rosebank                                                                        
12 October 2004                                                                 
Sponsor                                                                         
Java Capital                                                                    
Date: 12/10/2004 04:40:09 PM Produced by the JSE SENS Department                

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