MVELAPHANDA GROUP LIMITED - DEALING IN SECURITIES BY DIRECTORS

MVELAPHANDA GROUP LIMITED - DEALING IN SECURITIES BY DIRECTORS                  
MVELAPHANDA GROUP LIMITED                                                       
(Formerly known as Rebserve Holdings Limited)                                   
(Incorporated in the Republic of South Africa)                                  
(Registration number 1995/004153/06)                                            
Share code: MVG                                                                 
ISIN: ZAE000060737                                                              
("the Company" or "MVG")                                                        
Dealing in Securities by Directors                                              
In compliance with Rules 3.63 - 3.74 of the JSE Securities Exchange Listings    
Requirements ("the Listing Requirements"), the following dealings in securities 
by directors are disclosed:                                                     
Name of Director                   :    Tokyo Sexwale                           
Position                           :    Executive Chairman                      
Date of transaction                :    24 December 2004                        
Class of security                  :    Ordinary shares                         
Nature of transaction              :    Purchase of shares                      
Number of shares                   :    12 307                                  
Value of transaction               :    R82 456.90                              
Nature of interest                 :    Indirect beneficial                     
Name of Director                   :    Mikki Xaxiya                            
Position                           :    Executive Deputy Chairman               
Date of transaction                :    24 December 2004                        
Class of security                  :    Ordinary shares                         
Nature of transaction              :    Purchase of shares                      
Number of shares                   :    10 000                                  
Value of transaction               :    R67 000.00                              
Nature of interest                 :    Indirect beneficial                     
Name of Director                   :    Stephen Levenberg                       
Position                           :    Chief Executive Officer                 
Date of transaction                :    24 December 2004                        
Class of security                  :    Ordinary shares                         
Nature of transaction              :    Purchase of shares                      
Number of shares                   :    10 000                                  
Value of transaction               :    R67 000.00                              
Nature of interest                 :    Indirect beneficial                     
Name of Director                   :    Mark Willcox                            
Title                              :    Chief Investment Officer                
Date of transaction                :    24 December 2004                        
Class of security                  :    Ordinary shares                         
Nature of transaction              :    Purchase of shares                      
Number of shares                   :    10 000                                  
Value of transaction               :    R67 000.00                              
Nature of interest                 :    Indirect beneficial                     
Name of Director                   :    Tokyo Sexwale                           
Title                              :    Executive Chairman                      
Date of transaction                :    28 December 2004                        
Class of security                  :    Ordinary shares                         
Nature of transaction              :    Purchase of shares                      
Number of shares                   :    24 900                                  
Value of transaction               :    R172 345.35                             
Nature of interest                 :    Indirect beneficial                     
Name of Director                   :    Mikki Xaxiya                            
Title                              :    Executive Deputy Chairman               
Date of transaction                :    28 December 2004                        
Class of security                  :    Ordinary shares                         
Nature of transaction              :    Purchase of shares                      
Number of shares                   :    17 571                                  
Value of transaction               :    R121 617.68                             
Nature of interest                 :    Indirect beneficial                     
Name of Director                   :    Stephen Levenberg                       
Title                              :    Chief Executive Officer                 
Date of transaction                :    28 December 2004                        
Class of security                  :    Ordinary shares                         
Nature of transaction              :    Purchase of shares                      
Number of shares                   :    17 571                                  
Value of transaction               :    R121 617.68                             
Nature of interest                 :    Indirect beneficial                     
Name of Director                   :    Mark Willcox                            
Title                              :    Chief Investment Officer                
Date of transaction                :    28 December 2004                        
Class of security                  :    Ordinary shares                         
Nature of transaction              :    Purchase of shares                      
Number of shares                   :    17 571                                  
Value of transaction               :    R121 617.68                             
Nature of interest                 :    Indirect beneficial                     
Clearance in terms of paragraph 3.66 of the Listings Requirements has been      
obtained in respect of all of the above transactions.                           
Johannesburg                                                                    
Wednesday 29 December 2004                                                      
Issued by: Sponsor                                                              
Deutsche Securities (SA) (Proprietary) Limited                                  
Date: 29/12/2004 04:03:58 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department