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Thu 21 Sep 2006, 12:18 General: JSE - Modified and qualified audit opinio
JSE   SMR
 GEN                                                                             
General: JSE - Modified and qualified audit opinion on annual financial         
               statements                                                       
SAMRAND DEVELOPMENT HOLDINGS LIMITED                                            
("SAMRAND")                                                                     
(ALPHA CODE: SMR & ISIN: ZAE000010419)                                          
MODIFIED AND QUALIFIED AUDIT OPINION ON ANNUAL FINANCIAL STATEMENTS             
The JSE Limited wishes to advise that the audit opinion on Samrand"s preliminary
financial statements for the year ended 31 March 2006 contains both an emphasis 
of matter and a qualified audit opinion. Shareholders are advised to refer to   
the financial statements to ascertain the exact nature of the modification and  
qualification.                                                                  
Accordingly, the company"s listing on the JSE SETS system will continue to be   
annotated with a "Q" to indicate the qualification.  The company"s listing has  
also been annotated with an "E" to indicate the emphasis of matter. These       
annotations will be removed when the company"s auditors" report no longer       
contains a modified and a qualified audit opinion.                              
This announcement has been placed by the JSE in the interest of shareholders.   
21 September 2006                                                               
Date: 21/09/2006 12:18:02 PM Produced by the JSE SENS Department                
                                                                                
                                                                                
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