30 September 2010 Interim Results Press Announcement

<MMString:LoadString id="insertbar/table" />

Brait, the international investment Group that manages alternative assets, with a focus on hedge funds and private equity, reported interim earnings for the six months to September 30, 2010.

Attributable Earnings increased by 50% to R115.7 million (2009: R77.3 million) and Headline Diluted Earnings per Share increased by 46.6% to 106.6 cents per share. These increases come off a low base due to the effects of the Global Financial Crisis, and also reflect a generally improved operating environment, especially in the equity and debt markets.

Brait’s investment products continue to meet or exceed performance targets, yet the capital raising environment continues to remain challenging. Nonetheless, Brait reported an increase in Assets under Management of 10% to R14.9 billion (2009: R13.4 billion).

“Despite challenging conditions, our private equity portfolio companies continue to achieve strong operating performance while our public markets’ funds are on track to exceed their target returns for the year,” said Antony Ball, Brait’s Chief Executive Officer.

Contact: Jackee Downs
083 678 5767
Antony Ball
011 507 1504