MVG/MVGP - Mvela Group - Adjustment to the convertible preference shares

MVG/MVGP - Mvela Group - Adjustment to the convertible preference shares        
conversion price                                                                
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")                                                
Adjustment to the Convertible Preference Shares Conversion Price                
Mvela Group announces that the conversion price of each convertible perpetual   
cumulative preference share has been adjusted from R10,00 to R9,53 per share    
in respect of the year ended 30 June 2007. This is pursuant to the cumulative   
effects of the capital distributions made in the 2006 and 2007 financial years  
and the dilutive effect of the value of the ordinary shares resulting from the  
options granted in terms of the broad-based BEE ownership initiative entered    
into during May 2007. The adjustment is effective from 22 October 2007.         
Sandton                                                                         
20 December 2007                                                                
Sponsor                                                                         
Deutsche Securities (SA) (Proprietary) Limited                                  
Date: 20/12/2007 12:19:13 Supplied by www.sharenet.co.za                     
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