MORVEST BUSINESS GROUP LIMITED - Directors dealings in BEECO shares

Directors dealings in BEECO shares

MORVEST BUSINESS GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration No. 2003/012583/06)
Share code: MOR    ISIN code: ZAE000152567
(“Morvest” or “the Company”)


DEALING IN SECURITIES BY DIRECTORS AND COMPANY SECRETARY OF
MORVEST AS A RESULT OF A CHANGE IN THEIR INTERESTS IN PAVATI
TRADING 63 (PTY) LIMITED (“BEECO”).

On 20 August 2010, Morvest announced the implementation of
certain BEE transactions. The shareholders of BEECO are key
executive and non-executive directors of Morvest (“directors”)
and key members of the management of Morvest, who pursuant to
the 2010 transaction acquired 114 750 000 ordinary Morvest
shares (“Morvest shares”), representing 16.8% of the issued
share capital of Morvest which were allocated to the directors
and the company secretary of Morvest. The BEE transactions and
the allocation of Morvest shares in terms thereof were approved
by shareholders at the general meeting held on 11 October 2010.

On 17 June 2012 Ms N Singh, who held 754 868 ordinary shares in
BEECO representing 7.55% shareholding in BEECO and indirectly
8 662 110 Morvest shares, resigned as an executive director of
Morvest. In terms of the BEECO transaction, N Singh’s BEECO
ordinary shares have been repurchased by BEECO (“BEECO share
repurchase”) resulting in the pro rata interest of the remaining
shareholders in BEECO being increased and consequently that
their effective pro rata interest in Morvest shares being
increased as set out herein below.

Shareholders are advised, in terms of paragraphs 3.63-3.66 of
the Listings Requirements of the JSE Limited, of the following
transactions by directors, associates and the company secretary
of Morvest as a result of the aforementioned BEECO share
repurchase:

Name of director        MS Varachia
Designation:            Executive Director
Date of allocation:     3 September 2012
Nature of security:     Ordinary shares
Number of Morvest       5 826 825
shares allocated:
Nature of
transaction              Acquisition -off market
                         allocation


Price:                  21 cents
(Indicative   market
value)
Value of                R1 223 633.29
transaction:
Nature of interest:     Indirect beneficial
                        interest via BEECo

Name of director        S Singh
Designation:            Executive
Date of allocation:     3 September 2012
Nature of security:     Ordinary shares
Number of Morvest
shares allocated:       1 042 384
Nature of
transaction             Acquisition -off market
                        allocation
Price:                  21 cents
(Indicative   market
value)
Value of                 R218 900.67
transaction:
Nature of interest:      Indirect beneficial
                         interest via BEECo

Name of director         M Papiyana
Designation:             Executive
Date of allocation:      3 September 2012
Nature of security:      Ordinary shares
Number of Morvest        271 019
shares allocated:
Nature of                Acquisition -off market
transaction              allocation
Price:                   21 cents
(Indicative   market
value)
Value of                 R56 914.09
transaction:
Nature of interest:      Indirect beneficial
                         interest via BEECo

Name of director         A Evan
Designation:             Executive
Date of allocation:      3 September 2012
Nature of security:      Ordinary shares
Number of Morvest        687 973
shares allocated:
Nature of                Acquisition -off market                                              
transaction              allocation
Price:                   21 cents
(Indicative   market
value)
Value of                 R144 474.43
transaction:
Nature of interest:      Indirect beneficial
                         interest via BEECo

Company Secretary         N January
Date of allocation:      3 September 2012
Nature of security:      ordinary shares
Number of Morvest        208 477
shares allocated:
Nature of                Acquisition -off market
transaction:             allocation
Price:                   21 cents
(Indicative   market
value)
Value of                 R43 780.17
transaction:
Nature of interest:      Indirect beneficial
                         interest via BEECo



Name of Associate        KJ Molefe
Designation:             Spouse of P Molefe- Non
                         Executive Director
Date of allocation:      3 September 2012
Nature of security:      Ordinary shares
Number of Morvest        416 954
shares allocated:
Nature of                Acquisition -off market
transaction              allocation
Price:                   21 cents
(Indicative   market
value)
Value of                 R87 560.35
transaction:
Nature of interest:      Indirect beneficial
                         interest via BEECo

Name of director         NY Mhinga
Designation:             Non- executive
Date of allocation:      3 November 2012
Nature of security:      Ordinary shares
Number of Morvest        208 477
shares allocated:
Nature of                Acquisition -off market
transaction              allocation
Price:                   21 cents
(Indicative   market
value)
Value of                 R43 780.17
transaction:
Nature of interest:      Indirect beneficial
                         interest via BEECo




Johannesburg
4 September 2012

Sponsor
Sasfin Capital
(A division of Sasfin Bank Limited)

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