19 October 2012

Sephaku Holdings is pleased to announce that its associate, Sephaku Cement (Proprietary) Limited (Sephaku Cement), has concluded a ten year funding deal valued at R1.95 billion with The Standard Bank of South Africa Limited and Nedbank Limited. The agreement effectively closes the gap in terms of the required capital for Sephaku Cement to be fully prepared for market entry and to become a significant competitor in wholesale and retail cement trade.

Of the total debt capital raised by Sephaku Cement, just over 50% of total procurement spend will be invested locally. In addition, the combined plants will create direct employment opportunity for around 400 local people and up to 3,000 jobs indirectly.

Pretoria
19 October 2012