Mvelaphanda Group Limited - Trading statement

Mvelaphanda Group Limited - Trading statement                                   
Mvelaphanda Group Limited                                                       
(Incorporated in the Republic of South Africa)                                  
Registration number 1995/004153/06                                              
Ordinary share code: MVG                                                        
Preference share code: MVGP                                                     
Ordinary share ISIN: ZAE000060737                                               
Preference share ISIN: ZAE000073540                                             
("Mvela Group" or "the company")                                                
Trading statement issued in terms of section 3.4 of the Listings Requirements of
the JSE Limited                                                                 
Shareholders are advised that Mvela Group"s earnings per ordinary share and     
headline earnings per ordinary share for the six months ended 31 December 2005  
are expected to be between 180 cents per ordinary share and 190 cents per       
ordinary share, compared to the earnings per ordinary share and headline        
earnings per ordinary share for the six months ended 31 December 2004.          
The reasons for the increase in earnings per ordinary share and headline        
earnings per ordinary share are mainly due to the increase in the value of Mvela
Group"s effective interest in Absa Group Limited and certain of the group"s     
other investments.                                                              
The financial information in this trading statement has not been reviewed or    
reported on by Mvela Group"s auditors.                                          
The company"s results for the six months ended 31 December 2005 are expected to 
be published on or about 7 March 2006.                                          
Johannesburg                                                                    
28 February 2006                                                                
Sponsor                                                                         
Deutsche Securities SA (Proprietary) Limited                                    
Date: 28/02/2006 10:26:28 AM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department