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Thu 17 Aug 2006, 14:13 Seardel Investment Corporation Limited - Trading s
SER   SRN
 SER                                                                             
     Seardel Investment Corporation Limited - Trading statement                 
     SEARDEL INVESTMENT CORPORATION LIMITED                                     
     REGISTRATION NUMBER 1968/011249/06                                         
(INCORPORATED IN THE REPUBLIC OF SOUTH AFRICA)                             
     JSE CODE: SER  & ISIN CODE:  ZAE000029815                                  
     JSE CODE: SRN  & ISIN CODE:  ZAE000030144                                  
     ("SEARDEL")                                                                
Trading Statement                                                          
     In terms of the Listings Requirements of the JSE Limited, companies are    
     required to publish a trading statement as soon as they are satisfied that 
     a reasonable degree of certainty exists that the financial results for the 
period to be reported upon next will differ by at least 20% from that of   
     the previous corresponding period.                                         
     Seardel will shortly be finalizing its results in respect of the year ended
     30 June 2006.  Shareholders are advised that at this stage it is           
anticipated that headline earnings per share will be higher by between 25% 
     and 35% and earnings per share will be higher by between 30% and 40%       
     compared to the previous year as adjusted for IFRS.  Full details of the   
     restated 2005 results were published in the interim report to shareholders 
for the six months ended December 2005 and reflected headline earnings of  
     55,5 cents and earnings per share of 60,4 cents.                           
     The financial results on which this trading statement has been based have  
     not been reviewed or reported on by Seardel"s auditors.  The annual report 
to shareholders will be released before the end of September 2006.         
     17 August 2006                                                             
     Sponsor                                                                    
     Java Capital (Proprietary) Limited                                         
Date: 17/08/2006 02:13:06 PM Produced by the JSE SENS Department                
                                                                                
                                                                                
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