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Fri 8 Dec 2006, 14:40 Makalani - Trading Statement
MKL
 MKL                                                                             
Makalani - Trading Statement                                                    
Makalani Holdings Limited                                                       
(Incorporated in the Republic of South Africa)                                  
(Registration number: 2005/000726/06)                                           
Share code: MKL                                                                 
ISIN: ZAE000066700                                                              
("Makalani" or "the company")                                                   
TRADING STATEMENT IN RESPECT OF THE INTERIM PERIOD ENDING 31 DECEMBER 2006      
In compliance with the JSE Limited Listings Requirements, unitholders are       
advised that Makalani"s headline earnings per linked unit (HEPLU) for the six   
months period ending 31 December 2006 is expected to be between 5% - 15% above  
the corresponding published results, which were for the eight month period ended
31 December 2005.  Makalani has to date substantially converted its cash holding
of R2 billion at 31 December 2005 into invested assets.  Makalani"s current     
portfolio of invested assets is R1.7 billion.                                   
The financial information on which this trading statement is based has not been 
reviewed and reported on by the company"s external auditors.                    
Makalani"s full financial results for the six month period ending 31 December   
2006 will be published on or before 28 February 2007.                           
Sandton                                                                         
8 December 2006                                                                 
Merchant bank and sponsor                                                       
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
Date: 08/12/2006 02:40:07 PM Produced by the JSE SENS Department                
                                                                                
                                                                                
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