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Tue 31 Oct 2006, 9:54 Seardel - Directors dealings in securities
SER   SRN
 SER                                                                             
Seardel - Directors" dealings in securities                                     
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" or the "company")                                                    
DIRECTORS" DEALINGS IN SECURITIES                                               
In compliance with section 3.63 of the Listings Requirements of the JSE         
Limited (the "Listings Requirements"), we hereby advise the following           
dealings by a director in the company"s securities:                             
Name of director:                           Walter Simeoni                      
Date of transaction:                        30 October 2006                     
Number of securities:                       20,000                              
Price per security:                         R8.25                               
Total value:                                R165,000.00                         
Class of security:                          N ordinary shares                   
Nature of transaction:                      Sale                                
Nature and extent of directors" interest:   Direct beneficial                   
Clearance to deal was received in terms of paragraph 3.66 of the Listings       
Requirements.                                                                   
Rosebank                                                                        
31 October 2006                                                                 
Sponsor                                                                         
Java Capital (Proprietary) Limited                                              
Date: 31/10/2006 09:54:05 AM Produced by the JSE SENS Department                
                                                                                
                                                                                
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