21 November 2012
In compliance with paragraph 3.63 to 3.66 of the JSE limited listings requirements, shareholders are hereby notified that the following Sephaku Holdings shares were disposed by the company secretary of the company.
The details are as follows:
| Name of director: | Jennifer Bennette |
| Position: | Company Secretary |
| Date of transaction: | 20 November 2012 |
| Price of securities: | R3.00 |
| Number of securities: | 50 000 |
| Total value of securities: | R150 000 |
| Nature of transaction: | Disposal |
| Interest (direct or indirect): | Direct beneficial |
| Clearance given in terms of Paragraph 3.66: | Yes |
21 November 2012
Midrand
Sponsor to Sephaku Holdings
QuestCo (Proprietary) Limited