MVG/MVGP - Mvelaphanda Group Limited - Unbundling Finalisation Announcement

MVG/MVGP - Mvelaphanda Group Limited - Unbundling Finalisation Announcement     
MVELAPHANDA GROUP LIMITED                                                       
(Incorporated in the Republic of South Africa)                                  
(Registration number: 1995/004153/06)                                           
Ordinary share code: MVG ISIN: ZAE000060737                                     
Preference share code: MVGP ISIN: ZAE000073540                                  
("Mvela Group")                                                                 
UNBUNDLING FINALISATION ANNOUNCEMENT                                            
1. INTRODUCTION                                                                 
Holders of ordinary shares ("Mvela Group ordinary shares"), redeemable option-  
holding shares and convertible perpetual cumulative preference shares ("Mvela   
Group preference shares") in Mvela Group ("Shareholders") are referred to the   
announcement by Mvela Group released on the Securities Exchange News Service on 
Tuesday, 22 June 2010 and the circular to Shareholders dated Monday, 28 June    
2010 (the "Circular") regarding:                                                
-    a series of transactions undertaken and/or to be undertaken by Mvela Group,
    Brimstone Investment Corporation Limited ("Brimstone") and various entities 
    controlled by Mvela Group and Brimstone ("Restructuring"); and              
-    the proposed unbundling by Mvela Group of all of the shares ("Health       
shares") held by it in Health Strategic Investments Limited ("Health"),     
    constituting 53.52% of the issued ordinary share capital of Health, to      
    holders of Mvela Group ordinary shares (the "Unbundling").                  
2. CONDITIONS PRECEDENT                                                         
Shareholders are advised that all conditions precedent to the Restructuring and 
the Unbundling have been fulfilled and the Unbundling will be implemented in    
accordance with the timetable published in the Circular.                        
3. FINAL ENTITLEMENT RATIO                                                      
Based on 148 364 143 Health shares held by Mvela Group and 443 495 663 Mvela    
Group ordinary shares in issue following the conversion since 22 June 2010 of 20
008 Mvela Group preference shares into 21 609 Mvela Group ordinary shares,      
holders of Mvela Group ordinary shares registered as such at the close of       
business on Friday, 20 August 2010, will receive 33.45335 Health shares for     
every 100 Mvela Group ordinary shares held.                                     
Johannesburg                                                                    
5 August 2010                                                                   
Merchant bank, structuring adviser and transaction sponsor                      
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
Sponsor                                                                         
Deutsche Securities (SA) (Proprietary) Limited                                  
Reporting Accountants                                                           
PKF (Jhb) Inc.                                                                  
Attorneys                                                                       
Bowman Gilfillan Inc.                                                           
Advisers to Mvela Group                                                         
Afropulse Group (Proprietary) Limited                                           
Financial PR adviser                                                            
College Hill                                                                    
Date: 05/08/2010 11:17:02 Supplied by www.sharenet.co.za                     
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