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IND
 IND                                                                             
IND - Independent Financial Services Limited - No Change Statement              
INDEPENDENT FINANCIAL SERVICES LIMITED                                          
(Incorporated in the Republic of South Africa)                                  
(Registration number: 1950/037061/06)                                           
Share code: IND & ISIN: code: ZAE000025300                                      
("IFS")                                                                         
NO CHANGE STATEMENT                                                             
Shareholders are advised that the company`s annual report, incorporating the    
audited financial statements for the year ended 30 June 2006, was dispatched    
today, and contains no material changes to the reviewed results which were      
announced on SENS on Friday, 29 September 2006.                                 
18 December 2006                                                                
Sponsor                                                                         
Java Capital (Proprietary) Limited                                              
Date: 18/12/2006 15:00:01 Produced by the JSE SENS Department.

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