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Tue 25 Oct 2005, 11:05 Seardel Investment Corporation Limited - Change To
Seardel Investment Corporation Limited - Change To The Board Of Directors       
Seardel Investment Corporation Limited                                          
Registration no. 1968/011249/06                                                 
(Incorporated in the Republic of South Africa)                                  
JSE Code: SER     ISIN Code:  ZAE000029815                                      
JSE Code: SRN     ISIN Code:  ZAE000030144                                      
("Seardel")                                                                     
CHANGE TO THE BOARD OF DIRECTORS                                                
In compliance with section 3.59 to 3.62 of the JSE Limited"s Listings           
Requirements, shareholders are advised that non-executive director, Mr Kenneth  
Alexander Gradner Blumberg elected not to make himself available for re-election
to the board of Seardel at the annual general meeting held today.               
On behalf of the board of directors, the company"s chairman, Mr Neil Lazarus,   
thanked Mr Blumberg for his invaluable contribution to the company over the past
twenty nine years and wished him well in his retirement.                        
Rosebank                                                                        
25 October 2005                                                                 
Sponsor                                                                         
Java Capital (Proprietary) Limited                                              
Date: 25/10/2005 11:05:20 AM Produced by the JSE SENS Department                
                                                                                
                                                                                
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